Cost of Living in Williamsburg, VA

Population 15,564 · Virginia · Data vintage 2023

119
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Williamsburg is a smaller Virginia community of around 16000 residents, where median household incomes of $70,206 and housing costs ($393,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. At 7.1%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Williamsburg sits roughly 15 miles northwest of Newport News — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 62% higher than Newport News' $243,000.

Cost Overview

Housing 129
Rent 104

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

About the Cost of Living in Williamsburg

The median home value in Williamsburg is $393,200 — 29% above the national median of $305,000. Median rent runs $1,361/month, 4% higher than the national median of $1,314/month. The median household income of $70,206/year is 6% lower than the US median of $74,580. The local unemployment rate is 7.1%, above 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 69.5°F and lows of 49.5°F. Overall, Williamsburg has a cost of living index of 119 versus the US average of 100, meaning it is 19% more expensive.

🏠 Housing

Median Home Value
$393,200
29% above avg
Zillow Home Value
$458,204
Zillow ZHVI
Median Rent
$1,361/mo
4% above avg
Zillow Rent
$1,945/mo
Zillow ZORI
Price-to-Rent Ratio
24.1x
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 52.6%
Renter-occupied 47.4%

💰 Estimated Monthly Budget

Rent median rent
$1,361
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,975/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
19.2 min
29% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
19.3%

Commute Mode

Drove alone
57.7%
Carpooled
6.0%
Public transit
1.1%
Walked
13.5%
Bicycle
1.5%
Work from home
19.3%

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
$70,206
6% below avg
Per Capita Income
$35,732
Unemployment Rate
7.1%
47% above avg
Poverty Rate
14.1%
Labor Force Participation
50.2%

🎓 Education

Bachelor's degree+ 26.2%
Graduate degree 22.3%

👥 Demographics

Median Age 24
Male median age 24.1
Female median age 23.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.5°F
Avg Low
49.5°F
Annual Precip
45.1"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495359707785888781716153
Low °F 313238475665706863514034
Precip" 3.052.583.353.083.664.074.695.364.954.163.003.19

🏫 Schools

NCES CCD 2019 — public school district data

88%
4-Year Graduation Rate
15.8:1
Student-teacher ratio
16
Public schools
11,639
Total enrollment

Frequently Asked Questions

What is the cost of living in Williamsburg, VA?

Williamsburg has a cost index of 119 (100 = national average). It is 19% above the national average.

What is average rent in Williamsburg, VA?

The median gross rent in Williamsburg is $1,361 per month based on 2023 Census data.

What is the average home price in Williamsburg?

The median home value in Williamsburg is $393,200 according to Zillow and Census data.

What is the median income in Williamsburg?

The median household income in Williamsburg is $70,206 per year (2023 ACS 5-year estimates).

What is the sales tax in Williamsburg, VA?

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

Is Williamsburg, VA affordable?

Williamsburg is above average in cost of living, with an index of 119 — about 19% higher than the national average.

What is the weather like in Williamsburg?

Williamsburg has average high temperatures of 69.5°F and average lows of 49.5°F. Annual precipitation is 45.1". Data from NOAA 1991–2020 Climate Normals.

Williamsburg at a Glance

Population
15,564
Median Income
$70,206
Home Value
$393,200
Median Rent
$1,361/mo
Unemployment
7.1%
Avg High Temp
69.5°F
Sales Tax
5.6%
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