Cost of Living in Goochland County, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Goochland County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Goochland County ranks #323 of 3,144 counties for affordability (top 10%)
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.
Cost of Living Advisory: Goochland County
Affordability Verdict
For renters in Goochland County, the market is affordable. Expect to pay around $1,567/month in gross rent, with 24.0% of renter households considered cost-burdened.
Rent vs. Own
Renters in Goochland County pay $1,567/month on average, compared to $1,495/month for homeowners. This market favors buyers by about 5%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $62,680/year. For owner costs at the 28% rule, the required income is roughly $64,071/year. With a median household income of $118,695, most households can comfortably afford rent here. Notably, 24.0% of renter households in Goochland County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Albemarle County where rent averages $1,623/month, Goochland County is approximately 3% less expensive.
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
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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