Cost of Living in Lake Barcroft, VA

Population 10,678 · Virginia · Data vintage 2023

225
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Lake Barcroft run well above the national baseline, with a median of $848,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $143,796 place the city among the better-paid Virginia metros.

Geographically, Lake Barcroft is part of the immediate Arlington metro area. Housing prices track closely with Arlington's $865,000 median.

Cost Overview

Housing 278
Rent 146

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

About the Cost of Living in Lake Barcroft

The median home value in Lake Barcroft is $848,200 — 178% above the national median of $305,000. Median rent runs $1,914/month, 46% higher than the national median of $1,314/month. The median household income of $143,796/year is 93% higher than the US median of $74,580. The local unemployment rate is 4.4%, 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 67.8°F and lows of 50.9°F, with about 13.7" of annual snowfall. Overall, Lake Barcroft has a cost of living index of 225 versus the US average of 100, meaning it is 125% more expensive.

🏠 Housing

Median Home Value
$848,200
178% above avg
Median Rent
$1,914/mo
46% above avg
Price-to-Rent Ratio
36.9x
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 69.3%
Renter-occupied 30.6%

💰 Estimated Monthly Budget

Rent median rent
$1,914
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,528/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
32.5 min
20% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
26.6%

Commute Mode

Drove alone
58.4%
Carpooled
6.8%
Public transit
4.6%
Walked
1.9%
Bicycle
0.1%
Work from home
26.6%

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
$143,796
93% above avg
Per Capita Income
$73,495
Unemployment Rate
4.4%
8% below avg
Poverty Rate
5.0%
Labor Force Participation
67.1%

🎓 Education

Bachelor's degree+ 30.6%
Graduate degree 33.4%

👥 Demographics

Median Age 42.9
Male median age 44.6
Female median age 40.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
67.8°F
Avg Low
50.9°F
Annual Precip
41.8"
Annual Snowfall
13.7"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 454857687785908881695849
Low °F 303239485868727164524235
Precip" 2.862.623.503.213.944.204.333.253.933.662.913.41
Snow" 4.95.02.00.00.00.00.00.00.00.00.11.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 46 — Good
59.5%
Good air days/yr
222
Max AQI recorded
216
PM2.5 days
130
Ozone days

Frequently Asked Questions

What is the cost of living in Lake Barcroft, VA?

Lake Barcroft has a cost index of 225 (100 = national average). It is 125% above the national average.

What is average rent in Lake Barcroft, VA?

The median gross rent in Lake Barcroft is $1,914 per month based on 2023 Census data.

What is the average home price in Lake Barcroft?

The median home value in Lake Barcroft is $848,200 according to 2023 Census ACS data.

What is the median income in Lake Barcroft?

The median household income in Lake Barcroft is $143,796 per year (2023 ACS 5-year estimates).

What is the sales tax in Lake Barcroft, VA?

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

Is Lake Barcroft, VA affordable?

Lake Barcroft is above average in cost of living, with an index of 225 — about 125% higher than the national average.

What is the weather like in Lake Barcroft?

Lake Barcroft has average high temperatures of 67.8°F and average lows of 50.9°F. Annual precipitation is 41.8". Average annual snowfall is 13.7". Data from NOAA 1991–2020 Climate Normals.

Lake Barcroft at a Glance

Population
10,678
Median Income
$143,796
Home Value
$848,200
Median Rent
$1,914/mo
Unemployment
4.4%
Avg High Temp
67.8°F
Sales Tax
5.6%
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