Cost of Living in Isle of Wight County, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Isle of Wight County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Isle of Wight County ranks #2,876 of 3,142 counties for affordability (bottom 8%)
Sourced county brief
Isle of Wight Median Renter Household Income Reaches $51,587
In Isle of Wight County, Virginia, the median income for renter households was estimated at $51,587. The official median gross rent as a percentage of household income (GRAPI) from ACS table B25071 is 27.2%. This figure is 1.4 percentage points lower than the Virginia unweighted county mean of 28.6%. The median gross rent for the county was recorded at $1,359 per month, which is $189 above the state unweighted county mean of $1,170. For owner-occupied units, the median selected monthly owner cost is $1,656, exceeding the unweighted county mean of $1,190 by $466. The median home value in the county was estimated at $356,500, compared to the state unweighted county mean of $295,808. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Isle of Wight County
Affordability Verdict
ACS B25071 estimates median gross rent at 27.2% of renter household income in Isle of Wight County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,359 per month; median selected monthly owner costs are $1,656. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $54,360 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Virginia unweighted mean of county median rents is $1,170 per month. Isle of Wight County's $1,359 median is 16.2% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Isle of Wight County
Rent Burden
17.1%
of gross income
Max Housing (28% Rule)
$2,222
per month
Owner Cost Burden
20.9%
of gross income
The median home in Isle of Wight County may be a stretch
Median home value is $356,500. Estimated monthly cost: $2,846 vs. your max of $2,222.
Rent Affordability Guide
Income Needed Calculator
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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
What is the cost of living in Isle of Wight County, Virginia?
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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