Cost of Living in Poquoson city, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Poquoson city Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Poquoson city ranks #989 of 3,144 counties for affordability (top 31%)
Data Story
About Cost of Living in Poquoson city, Virginia
Poquoson's wealth makes housing affordable
Despite commanding $1,634 monthly rent, Poquoson city maintains a healthy 16.2% rent-to-income ratio thanks to a median household income of $120,919—the highest in this cluster and 62% above the national median. High earners can absorb these premium Tidewater-area housing costs with ease.
Poquoson ranks among Virginia's most affordable
At 16.2%, Poquoson's rent-to-income ratio beats Virginia's 18.6% state average, ranking it among the commonwealth's most affordable communities despite commanding the cluster's highest rents. The city's exceptional median income of $120,919 drives this advantage, enabling residents to handle costs far exceeding state norms.
Poquoson commands premium Peninsula pricing
Poquoson's $1,634 rent dramatically exceeds all comparison counties, reflecting its location on the Virginia Peninsula near military and government employment centers. Yet the city's $120,919 median income far surpasses rural Southwest and South-central Virginia counties, making these higher costs proportionally affordable.
Poquoson's affluent housing profile
Renters spend $1,634 monthly while homeowners commit $1,932 to mortgage payments, consuming only 16.2% and 19.1% of the city's $120,919 median income respectively. Poquoson residents enjoy substantial housing security despite premium absolute costs.
Poquoson for high-earning Peninsula movers
Poquoson city suits relocators earning six figures who value proximity to Virginia's military and government employment centers, with median home values near $403,000. The city's exceptional income base means housing costs feel manageable despite being the cluster's most expensive in absolute dollars.
Cost of Living Advisory: Poquoson city
Affordability Verdict
Poquoson city is affordable for renters, with a median gross rent of $1,634/month representing approximately 16.2% of median household income. The rent burden (GRAPI) stands at 33.0%.
Rent vs. Own
Renters in Poquoson city pay $1,634/month on average, compared to $1,932/month for homeowners. This market favors renters by about 15%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $65,360/year. For owner costs at the 28% rule, the required income is roughly $82,800/year. With a median household income of $120,919, most households can comfortably afford rent here. Notably, 33.0% of renter households in Poquoson city are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Goochland County where rent averages $1,567/month, Poquoson city is approximately 4% more expensive.
Affordability Calculator
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Rent Burden
16.2%
of gross income
Max Housing (28% Rule)
$2,821
per month
Owner Cost Burden
19.2%
of gross income
The median home in Poquoson city may be a stretch
Median home value is $403,000. Estimated monthly cost: $3,217 vs. your max of $2,821.
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 (2019-2023) — Informational only. Not financial or legal advice.
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