Fredericksburg, VA Cost Of Living
Cost Of Living In Fredericksburg, VA Summary
Cost of living in Fredericksburg research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Fredericksburg is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Fredericksburg is 124, with 100 being the average.
The cost of living index in Fredericksburg is 1.2x higher than the national average.
Fredericksburg ranks as the #98 cheapest in Virginia out of 186.
Fredericksburg ranks as the #4,999 cheapest out of 6,412 in the US.
The median home value in Fredericksburg is $382,400.
The median income in Fredericksburg is $72,293.
Table Of Contents
Fredericksburg's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Fredericksburg, VA?
According to the most recent data on the cost of living, Fredericksburg has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to Virginia, Fredericksburg has a cost of living index that's 1.2x higher than Virginia's index of 102.
The standard of living in Fredericksburg ranks as #98 most affordable out of the 186 places we measured in Virginia. By definition, that implies Fredericksburg ranks as the #88 most expensive place in the Old Dominion.
For more reading on life in Fredericksburg, check out:
- Living In Fredericksburg
- Fredericksburg Crime Report
- Search Homes For Sale In Fredericksburg, VA
In Virginia
In America
Fredericksburg Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Fredericksburg. Here is how it fairs on each of the criteria:
The Services index in Fredericksburg is 106.
The Groceries index in Fredericksburg is 122.
The Health index in Fredericksburg is 101.
The Housing index in Fredericksburg is 154.
The Transportation index in Fredericksburg is 104.
The Utilities index in Fredericksburg is 99.
| Living Expense | Fredericksburg | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 124 | 102 | 100 | |
| Services | 106 | 102 | 100 | |
| Groceries | 122 | 98 | 100 | |
| Health | 101 | 102 | 100 | |
| Housing | 154 | 107 | 100 | |
| Transportation | 104 | 95 | 100 | |
| Utilities | 99 | 102 | 100 | |
Fredericksburg, VA Housing Cost Breakdown
Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Fredericksburg is $382,400.
The Median Rent in Fredericksburg is $1,355.
The Median Income in Fredericksburg is $72,293.
The Home Value To Income in Fredericksburg is 5.3x.
The Rent To Monthly Income in Fredericksburg is 0.22x.
| Statistic | Fredericksburg | Virginia | United States |
|---|---|---|---|
| Median Home Value | $382,400 | $295,500 | $244,900 |
| Median Rent | $1,355 | $1,326 | $1,163 |
| Median Income | $72,293 | $80,615 | $69,021 |
| Home Value To Income | 5.3x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Fredericksburg, VA Costs By Category
Detailed Fredericksburg Services Costs Vs. Virginia
| Item | Fredericksburg | Virginia |
|---|---|---|
| Shampoo | $1.04 | $1.06 |
| Movie | $12.45 | $10.68 |
| Bowling | $19.83 | $14.67 |
| Haircut | $25.56 | $18.62 |
| Beauty Salon | $56.94 | $39.05 |
Detailed Fredericksburg Groceries Costs Vs. Virginia
| Item | Fredericksburg | Virginia |
|---|---|---|
| Ground Beef | $4.79 | $4.22 |
| Fried Chicken | $1.62 | $1.39 |
| Milk | $2.58 | $2.05 |
| Potatoes | $4.21 | $3.29 |
| Pizza | $11.66 | $10.62 |
| Beer | $10.66 | $9.38 |
| Toothpaste | $3.52 | $2.34 |
Detailed Fredericksburg Health Costs Vs. Virginia
| Item | Fredericksburg | Virginia |
|---|---|---|
| Optometrist | $104.67 | $108.57 |
| Doctor | $128.0 | $116.17 |
| Dentist | $103.17 | $99.13 |
Detailed Fredericksburg Transportation Costs Vs. Virginia
| Item | Fredericksburg | Virginia |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $51.0 | $50.07 |
Detailed Fredericksburg Utilities Costs Vs. Virginia
| Item | Fredericksburg | Virginia |
|---|---|---|
| All Electricity | $160.85 | $167.67 |
| Phone | $177.97 | $175.64 |
Fredericksburg SnackAbility
/10
Cost Of Living In Cities Around Fredericksburg
The cost of living varies in the cities and towns around Fredericksburg. Here's a quick look at the cost of living in the most populous nearby places:
Burke, VA has a cost of living index of 154, 1.2x Fredericksburg.
South Riding, VA has a cost of living index of 156, 1.3x Fredericksburg.
Franklin Farm, VA has a cost of living index of 167, 1.3x Fredericksburg.
| City | Population | Cost Of Living | Vs. Fredericksburg |
|---|---|---|---|
| Burke, VA | 44,191 | 154 | 1.2x |
| South Riding, VA | 33,828 | 156 | 1.3x |
| Franklin Farm, VA | 18,906 | 167 | 1.3x |
| Broadlands, VA | 14,835 | 163 | 1.3x |
| Kings Park West, VA | 13,812 | 158 | 1.3x |
| Dranesville, VA | 11,951 | 165 | 1.3x |
| Dunn Loring, VA | 9,251 | 183 | 1.5x |
| Lake of the Woods, VA | 8,557 | 114 | 0.9x |
| Floris, VA | 7,592 | 177 | 1.4x |
| South Run, VA | 6,953 | 191 | 1.5x |
