Cost of Living in Fredericksburg, VA

Population 28,383 · Virginia · Data vintage 2023

137
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

One of the defining characteristics of Fredericksburg is a long average commute — 35 minutes one way, compared to a national median of 27. The city's housing pricing is difficult to evaluate without factoring in that daily time cost.

Located 40 miles southwest of Alexandria, Fredericksburg falls within that metro's commuting orbit. Median home values run roughly 34% lower than Alexandria's $697,000.

Cost Overview

Housing 151
Rent 116

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Fredericksburg

The median home value in Fredericksburg is $461,500 — 51% above the national median of $305,000. Median rent runs $1,521/month, 16% higher than the national median of $1,314/month. The median household income of $85,368/year is 14% higher than the US median of $74,580. The local unemployment rate is 4.6%, below the national average of 4.8%. Virginia's top state income tax rate is 5.8% and the combined sales tax is 5.6%. The climate averages highs of 67.1°F and lows of 49.1°F, with about 12.4" of annual snowfall. Overall, Fredericksburg has a cost of living index of 137 versus the US average of 100, meaning it is 37% more expensive.

🏠 Housing

Median Home Value
$461,500
51% above avg
Zillow Home Value
$475,650
Zillow ZHVI
Median Rent
$1,521/mo
16% above avg
Zillow Rent
$1,960/mo
Zillow ZORI
Price-to-Rent Ratio
25.3x
Favors renting
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$970
1 BR
$989
2 BR
$1,200
3 BR
$1,645
4 BR
$1,885
Owner-occupied 41.6%
Renter-occupied 58.4%

💰 Estimated Monthly Budget

Rent median rent
$1,521
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,135/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
35.0 min
30% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.2%

Commute Mode

Drove alone
65.0%
Carpooled
12.2%
Public transit
1.9%
Walked
4.8%
Bicycle
0.6%
Work from home
14.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.8%
Total Sales Tax 5.6%
State rate 4.3%
Avg local rate 1.3%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$85,368
14% above avg
Per Capita Income
$46,503
Unemployment Rate
4.6%
4% below avg
Poverty Rate
16.4%
Labor Force Participation
68.8%

🎓 Education

Bachelor's degree+ 26.8%
Graduate degree 20.0%

👥 Demographics

Median Age 31
Male median age 31
Female median age 30.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
67.1°F
Avg Low
49.1°F
Annual Precip
41"
Annual Snowfall
12.4"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 454856687684888680695849
Low °F 283037475766716962503932
Precip" 2.662.363.583.163.633.534.644.243.433.333.143.33
Snow" 3.55.81.40.00.00.00.00.00.00.00.01.7

🏫 Schools

NCES CCD 2019 — public school district data

86.5%
4-Year Graduation Rate
16.5:1
Student-teacher ratio
39
Public schools
27,637
Total enrollment

Frequently Asked Questions

What is the cost of living in Fredericksburg, VA?

Fredericksburg has a cost index of 137 (100 = national average). It is 37% above the national average.

What is average rent in Fredericksburg, VA?

The median gross rent in Fredericksburg is $1,521 per month based on 2023 Census data.

What is the average home price in Fredericksburg?

The median home value in Fredericksburg is $461,500 according to Zillow and Census data.

What is the median income in Fredericksburg?

The median household income in Fredericksburg is $85,368 per year (2023 ACS 5-year estimates).

What is the sales tax in Fredericksburg, VA?

The combined state and local sales tax rate in Fredericksburg is 5.6%. The Virginia state income tax top rate is 5.8%.

Is Fredericksburg, VA affordable?

Fredericksburg is above average in cost of living, with an index of 137 — about 37% higher than the national average.

What is the weather like in Fredericksburg?

Fredericksburg has average high temperatures of 67.1°F and average lows of 49.1°F. Annual precipitation is 41". Average annual snowfall is 12.4". Data from NOAA 1991–2020 Climate Normals.

Fredericksburg at a Glance

Population
28,383
Median Income
$85,368
Home Value
$461,500
Median Rent
$1,521/mo
Unemployment
4.6%
Avg High Temp
67.1°F
Sales Tax
5.6%
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