Cost of Living in Lake Ridge, VA
Population 45,007 · Virginia · Data vintage 2023
(100 = US avg)
A 42-minute average commute puts Lake Ridge squarely in exurban territory — the kind of place where many households optimize for housing cost over proximity to work. Home values of $453,000 reflect that spatial discount.
Lake Ridge sits roughly 15 miles southwest of Alexandria — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 35% lower than Alexandria's $697,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Ridge
The median home value in Lake Ridge is $452,800 — 48% above the national median of $305,000. Median rent runs $2,011/month, 53% higher than the national median of $1,314/month. The median household income of $120,844/year is 62% higher than the US median of $74,580. The local unemployment rate is 3.9%, 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, Lake Ridge has a cost of living index of 150 versus the US average of 100, meaning it is 50% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 45 | 48 | 56 | 68 | 76 | 84 | 88 | 86 | 80 | 69 | 58 | 49 |
| Low °F | 28 | 30 | 37 | 47 | 57 | 66 | 71 | 69 | 62 | 50 | 39 | 32 |
| Precip" | 2.66 | 2.36 | 3.58 | 3.16 | 3.63 | 3.53 | 4.64 | 4.24 | 3.43 | 3.33 | 3.14 | 3.33 |
| Snow" | 3.5 | 5.8 | 1.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.7 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Lake Ridge, VA?
Lake Ridge has a cost index of 150 (100 = national average). It is 50% above the national average.
What is average rent in Lake Ridge, VA?
The median gross rent in Lake Ridge is $2,011 per month based on 2023 Census data.
What is the average home price in Lake Ridge?
The median home value in Lake Ridge is $452,800 according to 2023 Census ACS data.
What is the median income in Lake Ridge?
The median household income in Lake Ridge is $120,844 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Ridge, VA?
The combined state and local sales tax rate in Lake Ridge is 5.6%. The Virginia state income tax top rate is 5.8%.
Is Lake Ridge, VA affordable?
Lake Ridge is above average in cost of living, with an index of 150 — about 50% higher than the national average.
What is the weather like in Lake Ridge?
Lake Ridge 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.
Lake Ridge at a Glance
- Population
- 45,007
- Median Income
- $120,844
- Home Value
- $452,800
- Median Rent
- $2,011/mo
- Unemployment
- 3.9%
- Avg High Temp
- 67.1°F
- Sales Tax
- 5.6%
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