Cost of Living in Woodlake, VA

Population 7,373 · Virginia · Data vintage 2023

131
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Woodlake is a smaller Virginia community of around 7000 residents, where median household incomes of $133,782 and housing costs ($372,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Geographically, Woodlake sits roughly 13 miles southwest of Richmond. Median home values run roughly 13% higher than Richmond's $328,000.

Cost Overview

Housing 122
Rent 144

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

About the Cost of Living in Woodlake

The median home value in Woodlake is $371,900 — 22% above the national median of $305,000. Median rent runs $1,888/month, 44% higher than the national median of $1,314/month. The median household income of $133,782/year is 79% higher than the US median of $74,580. The local unemployment rate is 4.7%, 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 69.5°F and lows of 48.4°F, with about 8.8" of annual snowfall. Overall, Woodlake has a cost of living index of 131 versus the US average of 100, meaning it is 31% more expensive.

🏠 Housing

Median Home Value
$371,900
22% above avg
Median Rent
$1,888/mo
44% above avg
Price-to-Rent Ratio
16.4x
Favors buying
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 80.9%
Renter-occupied 19.1%

💰 Estimated Monthly Budget

Rent median rent
$1,888
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,502/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
27.1 min
0% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
17.0%

Commute Mode

Drove alone
76.0%
Carpooled
4.8%
Public transit
1.4%
Walked
0.7%
Work from home
17.0%

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
$133,782
79% above avg
Per Capita Income
$54,346
Unemployment Rate
4.7%
2% below avg
Poverty Rate
2.3%
Labor Force Participation
75.8%

🎓 Education

Bachelor's degree+ 35.0%
Graduate degree 26.5%

👥 Demographics

Median Age 40.9
Male median age 41.2
Female median age 40.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.5°F
Avg Low
48.4°F
Annual Precip
45.5"
Annual Snowfall
8.8"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 485260707886908881716052
Low °F 293037465665696861493932
Precip" 3.232.614.003.184.004.644.374.904.613.393.063.51
Snow" 3.72.21.10.00.00.00.00.00.00.00.01.8

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 41 — Good
87.1%
Good air days/yr
139
Max AQI recorded
71
PM2.5 days
207
Ozone days

Frequently Asked Questions

What is the cost of living in Woodlake, VA?

Woodlake has a cost index of 131 (100 = national average). It is 31% above the national average.

What is average rent in Woodlake, VA?

The median gross rent in Woodlake is $1,888 per month based on 2023 Census data.

What is the average home price in Woodlake?

The median home value in Woodlake is $371,900 according to 2023 Census ACS data.

What is the median income in Woodlake?

The median household income in Woodlake is $133,782 per year (2023 ACS 5-year estimates).

What is the sales tax in Woodlake, VA?

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

Is Woodlake, VA affordable?

Woodlake is above average in cost of living, with an index of 131 — about 31% higher than the national average.

What is the weather like in Woodlake?

Woodlake has average high temperatures of 69.5°F and average lows of 48.4°F. Annual precipitation is 45.5". Average annual snowfall is 8.8". Data from NOAA 1991–2020 Climate Normals.

Woodlake at a Glance

Population
7,373
Median Income
$133,782
Home Value
$371,900
Median Rent
$1,888/mo
Unemployment
4.7%
Avg High Temp
69.5°F
Sales Tax
5.6%
View all cities in Virginia →
🗺️ County data for Virginia

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs