Cost of Living in King William County, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How King William County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
King William County ranks #870 of 3,144 counties for affordability (top 28%)
Data Story
About Cost of Living in King William County, Virginia
King William balances cost and income well
At 17.6%, King William County's rent-to-income ratio sits just slightly above the national average, while household income of $85,212 runs 14% higher than the U.S. median. Housing here is reasonably priced relative to what residents earn.
Middle ground in Virginia's housing market
King William's 17.6% rent-to-income ratio performs better than Virginia's 18.6% state average, placing it in the more affordable half of the state's counties. This rural-suburban transition zone avoids the extremes at both ends of Virginia's affordability spectrum.
Highest rents among rural peers
King William's median rent of $1,246 runs notably higher than King and Queen ($982) and Lancaster ($978), making it the priciest among this trio of rural counties. However, its household income of $85,212 also tops these neighbors, supporting the higher rent.
Nearly matched rent and mortgage burdens
Renters pay $1,246 monthly and homeowners pay $1,329, with homes valued at $276,500, creating similar affordability challenges for both groups. At $85,212 household income, housing consumes 17.6% of income—slightly above comfortable thresholds.
King William for accessible suburban living
Consider King William if you earn $80,000–$90,000 and seek suburban amenities with rural character at $1,246 rent and $276,500 median home values. Compare directly to King and Queen for savings or Louisa for similar pricing with different community vibes.
Cost of Living Advisory: King William County
Affordability Verdict
For renters in King William County, the market is affordable. Expect to pay around $1,246/month in gross rent, with 31.0% of renter households considered cost-burdened.
Rent vs. Own
The median rent in King William County is $1,246/month, while owner costs run $1,329/month. Renting saves approximately $83/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $49,840/year. For owner costs at the 28% rule, the required income is roughly $56,957/year. With a median household income of $85,212, most households can comfortably afford rent here. Notably, 31.0% of renter households in King William County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Virginia, King William County is less affordable than Winchester city by roughly 4% ($1,246/mo vs $1,298/mo).
Affordability Calculator
See how your income compares to housing costs in King William County
Rent Burden
17.5%
of gross income
Max Housing (28% Rule)
$1,988
per month
Owner Cost Burden
18.7%
of gross income
The median home in King William County may be a stretch
Median home value is $276,500. Estimated monthly cost: $2,207 vs. your max of $1,988.
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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