Cost of Living in Greensville County, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Greensville County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Greensville County ranks #879 of 3,144 counties for affordability (top 28%)
Data Story
About Cost of Living in Greensville County, Virginia
Greensville struggles above state average
Greensville County's rent-to-income ratio of 20.3% exceeds Virginia's state average of 18.6%, despite a median household income of $56,759 that's 24% below the national average. Low wages combined with moderate-to-high rents create affordability pressure for this southside Virginia county.
Below-average income, above-average strain
Greensville ranks in the bottom 30% of Virginia counties for affordability, with its 20.3% rent-to-income ratio placing it among the state's most stressed housing markets. The $960 monthly median rent runs 16% above the state average, reflecting regional housing dynamics unmatched by local wage growth.
Costly for a rural county
Greensville's $960 rent exceeds rural Giles by $180 monthly and Grayson by $248, yet household incomes trail both counties' earnings. Halifax County to the east offers slightly cheaper rent at $769 with comparable incomes, making it a better affordability choice for this region.
Housing takes significant budget share
Renters dedicate 20.3% of their $56,759 annual income to a $960 monthly apartment, while homebuyers pay $753 on a median home value of $159,200. Housing costs consume roughly 27% of household earnings, creating tight monthly budgets in Greensville.
Consider Halifax or Giles first
Greensville's housing costs outpace regional norms without matching income levels, making it a riskier relocation choice than nearby alternatives. Compare it to Halifax County—similar income, cheaper rent—or explore Giles County if you value stronger affordability margins.
Cost of Living Advisory: Greensville County
Affordability Verdict
Greensville County offers affordable rental housing at a median of $960/month — about 20.3% of the typical household income here.
Rent vs. Own
Renters in Greensville County pay $960/month on average, compared to $753/month for homeowners. This market favors buyers by about 22%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $38,400/year. For owner costs at the 28% rule, the required income is roughly $32,271/year. With a median household income of $56,759, most households can comfortably afford rent here. Notably, 32.0% of renter households in Greensville County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Virginia, Greensville County is less affordable than Richmond County by roughly 5% ($960/mo vs $1,011/mo).
Affordability Calculator
See how your income compares to housing costs in Greensville County
Rent Burden
20.3%
of gross income
Max Housing (28% Rule)
$1,324
per month
Owner Cost Burden
15.9%
of gross income
You can likely afford the median home in Greensville County
Median home value is $159,200. Estimated monthly cost: $1,271 vs. your max of $1,324.
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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