Cost of Living in Mathews County, Virginia

$1,108/mo
Median Monthly Rent
$348,800
Median Home Value
3% below state averageUnaffordable

At a Glance

Median Monthly Rent
$1,108/mo
3% below state average
Median Home Value
$348,800
24% above national
Rent-to-Income Ratio
19.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Mathews County Compares

Median monthly rent comparison

Mathews County$1,108/mo
Virginia Average$1,140/mo
National Median$1,163/mo

Detailed Housing Stats

$1,108/mo
Median Gross Rent
$348,800
Median Home Value
$823/mo
Monthly Owner Cost
19.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Mathews County, Virginia

Mathews balances modest income with fair rents

At 17.6%, Mathews County's rent-to-income ratio sits slightly below the national average, offering residents a balanced housing market despite median earnings of $75,487 that nearly match the nation's $74,755. Renters here enjoy more breathing room than many peers.

Below-average burden in Virginia market

Mathews's rent-to-income ratio of 17.6% beats Virginia's state average of 18.6%, making it one of the state's more affordable options. At $1,108 median rent, it sits slightly above the state average but remains reasonable given the county's income and home values.

Mid-range pricing in peer comparison

Mathews's $1,108 rent and $823 owner cost position it squarely in the middle of the regional peer group, neither bargain nor premium. The $348,800 median home value reflects Mathews's appeal as a waterfront and rural retreat near Hampton Roads.

Mathews County's housing cost allocation

Renters dedicate 17.6% of their $75,487 income to housing, while homeowners commit approximately 13.1% to mortgage payments on homes worth around $348,800. Both figures remain well within national comfort zones for housing affordability.

Mathews suits balanced-budget relocators

If you're seeking reasonable housing costs combined with near-national-median incomes, Mathews County's waterfront lifestyle and affordability blend appeal. Compare the $75,487 median against your own income and weigh the rural location against your work and social needs.

Affordability Calculator

See how your income compares to housing costs in Mathews County

$

Rent Burden

17.6%

of gross income

Max Housing (28% Rule)

$1,761

per month

Owner Cost Burden

13.1%

of gross income

The median home in Mathews County may be a stretch

Median home value is $348,800. Estimated monthly cost: $2,785 vs. your max of $1,761.

Rent Affordability Guide

Your rent-to-income ratio17.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Mathews County, Virginia?
Mathews County, Virginia has a median monthly rent of $1,108/mo and a median home value of $348,800. The affordability rating is Unaffordable, with rent making up approximately 19.0% of median household income.
What is the median rent in Mathews County?
The median gross rent in Mathews County is $1,108/mo. This is 3% below state average for Virginia.
Is Mathews County affordable?
Mathews County is rated Unaffordable based on rent-to-income ratio of 19.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Mathews County's rent compare to the state average?
Mathews County's median rent of $1,108/mo is 3% below state average of $1,140/mo for Virginia.
What is the median home value in Mathews County?
The median home value in Mathews County, Virginia is $348,800. This is 24% above the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.