Cost of Living in Floyd County, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Floyd County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Floyd County, Virginia
Floyd Offers Rural Affordability
Floyd County renters spend 16.1% of income on housing, below both the national benchmark and the Virginia average of 18.6%. While the median income here ($61,401) lags the national median ($74,755), exceptionally low rents of $826 monthly create genuine affordability.
Virginia's Most Affordable County
Floyd County ranks as one of Virginia's most affordable places to live, with a rent-to-income ratio of 16.1% and median monthly rent of just $826. The county's rural character and lower cost of living make it attractive for those prioritizing affordability over urban amenities.
Cheapest Rents in the Region
Floyd's $826 median rent is substantially lower than Frederick County ($1,402) and Fauquier County ($1,561), making it the region's most budget-friendly option. The trade-off is lower median incomes ($61,401 vs Fauquier's $129,495), reflecting its rural economy.
Modest Costs, Modest Incomes
Floyd renters spend just $826 monthly while homeowners pay $601, among the lowest housing costs in Virginia. At 16.1% of income dedicated to rent, Floyd provides genuine housing relief even as the county's overall wage levels remain below state averages.
Floyd Rewards Budget-Conscious Movers
If remote work or retirement allows you to maintain current income while relocating, Floyd County delivers exceptional value with $826 monthly rents. Factor in that you'd spend just 16.1% of median income on housing compared to 18.6% statewide.
Affordability Calculator
See how your income compares to housing costs in Floyd County
Rent Burden
16.1%
of gross income
Max Housing (28% Rule)
$1,433
per month
Owner Cost Burden
11.7%
of gross income
The median home in Floyd County may be a stretch
Median home value is $215,500. Estimated monthly cost: $1,720 vs. your max of $1,433.
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.