Cost of Living in Poquoson city, Virginia

$1,634/mo
Median Monthly Rent
$403,000
Median Home Value
43% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,634/mo
43% above state average
Median Home Value
$403,000
43% above national
Rent-to-Income Ratio
33.0%
% 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 Poquoson city Compares

Median monthly rent comparison

Poquoson city$1,634/mo
Virginia Average$1,140/mo
National Median$1,163/mo

Detailed Housing Stats

$1,634/mo
Median Gross Rent
$403,000
Median Home Value
$1,932/mo
Monthly Owner Cost
33.0%
Rent-to-Income Ratio

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.

Affordability Calculator

See how your income compares to housing costs in Poquoson city

$

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

Your rent-to-income ratio16.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Poquoson city, Virginia?
Poquoson city, Virginia has a median monthly rent of $1,634/mo and a median home value of $403,000. The affordability rating is Unaffordable, with rent making up approximately 33.0% of median household income.
What is the median rent in Poquoson city?
The median gross rent in Poquoson city is $1,634/mo. This is 43% above state average for Virginia.
Is Poquoson city affordable?
Poquoson city is rated Unaffordable based on rent-to-income ratio of 33.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Poquoson city's rent compare to the state average?
Poquoson city's median rent of $1,634/mo is 43% above state average of $1,140/mo for Virginia.
What is the median home value in Poquoson city?
The median home value in Poquoson city, Virginia is $403,000. This is 43% 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.