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)
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 King William County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
King William County ranks #2,649 of 3,142 counties for affordability (bottom 16%)
Sourced county brief
Official Rent Burden in King William County Estimated at 34.0%
In King William County, the official median gross rent as a percentage of household income (GRAPI) was 34.0%. This value is 5.4 percentage points higher than the Virginia unweighted county mean official GRAPI of 28.6%. The median gross rent was estimated at $1,166 per month, slightly below the state unweighted county mean of $1,170. Renter-household median income in the county was recorded at $37,188. For those in owner-occupied housing, the median home value was $315,700, which is $19,892 above the state unweighted mean of $295,808. Median selected monthly owner costs for all units were $1,338. All findings are derived from the American Community Survey 5-year estimates for 2020-2024. 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: King William County
Affordability Verdict
ACS B25071 estimates median gross rent at 34.0% of renter household income in King William County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,166 per month; median selected monthly owner costs are $1,338. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $46,640 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. King William County's $1,166 median is 0.3% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in King William County
Rent Burden
16.3%
of gross income
Max Housing (28% Rule)
$2,008
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 $315,700. Estimated monthly cost: $2,520 vs. your max of $2,008.
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
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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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