Cost of Living in Prince Edward County, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Prince Edward County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Prince Edward County, Virginia
Prince Edward offers solid rental affordability
Prince Edward County's rent-to-income ratio of 19.6% sits comfortably within the ideal 20–25% range, despite median household income of $55,082 trailing the national median by nearly $20,000. At just $898 monthly, Prince Edward's median rent is the lowest among the eight counties profiled and significantly undercuts the national norm.
Better than Virginia's state average
Prince Edward's rent-to-income ratio of 19.6% beats Virginia's state average of 18.6%, and its median rent of $898 runs $242 below the state average. For renters with modest incomes, Prince Edward delivers genuine affordability.
Cheapest rent among regional peers
Prince Edward's median rent of $898 undercuts Portsmouth ($1,266), Prince George ($1,563), and even Pulaski ($815 is lower). This makes Prince Edward an attractive option for budget-conscious renters, though those seeking higher incomes may find fewer economic opportunities locally.
Rents and mortgages stay modest
Renters in Prince Edward spend $898 monthly while homeowners face $915 in monthly costs on a median home value of $203,700. At a median household income of $55,082 annually ($4,590 monthly), housing consumes roughly 20% of income for both renters and homeowners—a fair balance.
Prince Edward: Affordable and underrated
Relocating to Prince Edward County means locking in some of Virginia's lowest housing costs without sacrificing affordability ratios. Median rent of $898 and a 19.6% housing burden make this rural county an excellent destination for remote workers or retirees prioritizing stretch-your-dollar living.
Affordability Calculator
See how your income compares to housing costs in Prince Edward County
Rent Burden
19.6%
of gross income
Max Housing (28% Rule)
$1,285
per month
Owner Cost Burden
19.9%
of gross income
The median home in Prince Edward County may be a stretch
Median home value is $203,700. Estimated monthly cost: $1,626 vs. your max of $1,285.
Rent Affordability Guide
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.