Cost of Living in Caroline County, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Caroline County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Caroline County, Virginia
Caroline's affluence supports higher home costs
Caroline County's 16.7% rent-to-income ratio remains below Virginia's 18.6% state average, anchored by the state's highest median household income of $86,267. The county's wealth enables residents to absorb median home values of $283,100—well above national norms.
Virginia's wealthiest county, affordable too
Caroline ranks among Virginia's top earners with incomes $12,000 above the state average, yet maintains a respectable 16.7% rent-to-income ratio. The county balances premium housing prices with premium paychecks.
Premium pricing reflects premium incomes
Caroline's $1,201 rent and $1,425 owner costs far exceed those in neighboring Buckingham ($874 rent, $661 owners) and Campbell ($853 rent, $779 owners), but median income here also exceeds both by $24,000 or more. The county represents an entirely different economic tier.
High income absorbs premium housing costs
Caroline residents earning $86,267 annually spend 16.7% on rent ($1,201) or 19.8% on owner costs ($1,425), leaving substantial room for savings despite prices others might find unaffordable. The county's wealth makes its premium housing costs manageable.
Caroline suits high-income relocating professionals
Consider Caroline County if your household income matches or exceeds $86,000, where $283,100 median home values and $1,201 rents feel proportional to earnings. Compare to more modest Campbell or Buckingham if your income is lower.
Affordability Calculator
See how your income compares to housing costs in Caroline County
Rent Burden
16.7%
of gross income
Max Housing (28% Rule)
$2,013
per month
Owner Cost Burden
19.8%
of gross income
The median home in Caroline County may be a stretch
Median home value is $283,100. Estimated monthly cost: $2,260 vs. your max of $2,013.
Rent Affordability Guide
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.