Cost of Living in Greene County, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Greene County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Greene County, Virginia
Greene's housing strains mid-income earners
Greene County's rent-to-income ratio of 21.1% ranks worst in this comparison and significantly exceeds Virginia's state average of 18.6%. Despite a solid median household income of $85,268—above the national average—residents dedicate the highest share of earnings to rent relative to their incomes in this peer group.
Below-average affordability among peers
Greene County ranks in the bottom third of Virginia counties for housing affordability, with its 21.1% rent-to-income ratio exceeding the state average. The county's $1,502 median rent is 32% above the state average, driven by proximity to affluent Northern Virginia markets.
Mountain premium pulls rents up
Greene's $1,502 rent exceeds Grayson's $712 by $790 monthly, yet incomes run only $42,404 higher—making Greene's affordability surprisingly worse than nearby rural counties. Compared to Goochland to the east, Greene rents are $65 cheaper, but the income advantage swings the affordability advantage to Goochland.
Rent bite is significant here
At $1,502 monthly, median rent takes 21.1% of household income—the highest burden of any county here—while homeownership costs $1,353 monthly. Together, housing consumes over 32% of earnings, leaving a tight budget for other necessities in Greene County households.
Greene best for those with flexibility
Greene County's beautiful mountain setting comes with housing costs that strain typical budgets, making it riskier than nearby alternatives. Consider Grayson or Halifax to the south for cheaper rents, or Goochland to the east if your income exceeds $100,000—you'll find better affordability ratios.
Affordability Calculator
See how your income compares to housing costs in Greene County
Rent Burden
21.1%
of gross income
Max Housing (28% Rule)
$1,990
per month
Owner Cost Burden
19.0%
of gross income
The median home in Greene County may be a stretch
Median home value is $315,300. Estimated monthly cost: $2,517 vs. your max of $1,990.
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.