Cost of Living in Goochland County, Virginia

$1,567/mo
Median Monthly Rent
$483,700
Median Home Value
37% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,567/mo
37% above state average
Median Home Value
$483,700
72% above national
Rent-to-Income Ratio
24.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Goochland County Compares

Median monthly rent comparison

Goochland County$1,567/mo
Virginia Average$1,140/mo
National Median$1,163/mo

Detailed Housing Stats

$1,567/mo
Median Gross Rent
$483,700
Median Home Value
$1,495/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Goochland County, Virginia

Goochland's wealth works for renters

Goochland County has the highest median household income of any county in this comparison at $118,695—59% above the national average—and a rent-to-income ratio of 15.8% that beats Virginia's state average. This combination means residents have strong earning power despite paying premium prices for housing.

Wealthy county, strong affordability

Goochland ranks in the top 10% of Virginia counties for housing affordability relative to income, with its 15.8% ratio outperforming nearly all wealthy peers. The county's $1,567 median rent reflects its upscale character and proximity to Richmond's western suburbs.

Premium prices, premium incomes

Goochland rents exceed Gloucester's by $423 monthly and Giles's by $787, but household incomes run $35,000 higher than Gloucester and $53,900 higher than Giles. This income advantage makes rent-to-income ratios more favorable despite nominal prices that rank highest in the region.

Luxury living takes steady income

At $1,567 monthly, median rent consumes 15.8% of income, while homeownership costs $1,495 and claims 15.1% of earnings. With a median home value of $483,700, Goochland residents spend roughly 30% of household income on housing—sustainable only because incomes are exceptional.

Goochland for those with premium incomes

Goochland County suits high-earning households seeking suburban Richmond's upscale living—your six-figure income will make these costs comfortable. If you prefer lower absolute prices, Giles and Gloucester offer substantial savings; if you want comparable wealth with lower costs, explore other metro-Richmond options.

Affordability Calculator

See how your income compares to housing costs in Goochland County

$

Rent Burden

15.8%

of gross income

Max Housing (28% Rule)

$2,770

per month

Owner Cost Burden

15.1%

of gross income

The median home in Goochland County may be a stretch

Median home value is $483,700. Estimated monthly cost: $3,862 vs. your max of $2,770.

Rent Affordability Guide

Your rent-to-income ratio15.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Goochland County, Virginia?
Goochland County, Virginia has a median monthly rent of $1,567/mo and a median home value of $483,700. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Goochland County?
The median gross rent in Goochland County is $1,567/mo. This is 37% above state average for Virginia.
Is Goochland County affordable?
Goochland County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Goochland County's rent compare to the state average?
Goochland County's median rent of $1,567/mo is 37% above state average of $1,140/mo for Virginia.
What is the median home value in Goochland County?
The median home value in Goochland County, Virginia is $483,700. This is 72% above the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.