Cost of Living in Buckingham County, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Buckingham County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Buckingham County ranks #926 of 3,144 counties for affordability (top 29%)
Data Story
About Cost of Living in Buckingham County, Virginia
Buckingham rents stay well below national burden
At 17.7%, Buckingham County's rent-to-income ratio sits comfortably below both the national average and Virginia's state average of 18.6%. Renters here spend notably less of their paychecks on housing than the typical American household earning nearly $15,000 more annually.
One of Virginia's most affordable counties
Buckingham ranks among Virginia's best performers for housing affordability, with rents running 23% below the state median of $1,140 per month. The county's median income of $59,199 pairs with low housing costs to create accessible conditions for renters and buyers alike.
More affordable than nearby Campbell
Buckingham's $874 monthly rent beats neighboring Campbell County by $21 and costs 27% less than Caroline County's $1,201. Yet owner costs remain higher here at $661 monthly compared to Campbell's $779, suggesting Buckingham appeals more strongly to renters.
Housing takes modest share of income
With median rent at $874 and owner costs at $661, Buckingham households spend roughly 17.7% of their $59,199 annual income on rent or 13.4% on mortgage payments. This balance leaves families room to save and spend on other essentials.
Consider Buckingham for balanced living costs
If you're seeking affordable renting or buying in rural Virginia, Buckingham delivers on both fronts with median home values around $167,800 and manageable monthly obligations. Compare its rent and ownership costs to neighbors Campbell and Charlotte to find your best fit.
Cost of Living Advisory: Buckingham County
Affordability Verdict
For renters in Buckingham County, the market is affordable. Expect to pay around $874/month in gross rent, with 27.0% of renter households considered cost-burdened.
Rent vs. Own
At $874/month rent versus $661/month in owner costs, owning is roughly $213/month cheaper — a 24% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $34,960/year. For owner costs at the 28% rule, the required income is roughly $28,329/year. With a median household income of $59,199, most households can comfortably afford rent here. Notably, 27.0% of renter households in Buckingham County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Buckingham County sits 6% more expensive than Covington city ($822/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Buckingham County
Rent Burden
17.7%
of gross income
Max Housing (28% Rule)
$1,381
per month
Owner Cost Burden
13.4%
of gross income
You can likely afford the median home in Buckingham County
Median home value is $167,800. Estimated monthly cost: $1,340 vs. your max of $1,381.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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