Housing costs in Fredericksburg?
A typical home costs
$399,200, which is 18.1% more expensive than the national average of
$338,100 and 16.3% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Fredericksburg costs
$1,330 per month, which is 7.0% cheaper than the national average of
$1,430 and 5.3% cheaper than the state average of
$1,400.
Can I afford Fredericksburg?
To live comfortably in Fredericksburg, Virginia, a minimum annual income of
$76,320 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Fredericksburg?
Fredericksburg, VA boasts an affordable cost of living. The overall cost of living index is 15% lower than the national average, primarily due to lower housing costs. The median home price in Fredericksburg is $282,600 - significantly lower than the national median price of $347,500. Rent prices are also much more affordable than other parts of the country, with a median rent cost of $1,371 per month compared to the national median rent cost of $1,469 per month. This makes Fredericksburg an attractive option for those looking to live comfortably while maintaining a manageable budget.