Cost of Living in Staunton city, 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 Staunton city Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Staunton city ranks #2,354 of 3,142 counties for affordability (bottom 25%)
Sourced county brief
Staunton city median home value estimated at 259,200 dollars
In Staunton city, the median home value was $259,200 for the period 2020-2024, which is $36,608 lower than the Virginia unweighted county mean of $295,808. The official Gross Rent as a Percentage of Household Income (GRAPI) was 28.0%, differing from the state unweighted county mean official GRAPI of 28.6% by 0.6 percentage points. The median gross rent in the city was $1,024 per month, while the state unweighted county mean was $1,170. For owner-occupied units, the median selected monthly owner cost was $1,120, below the state unweighted county mean of $1,190. The median income for renter households was $41,888. These statistics provide a static summary of housing data and do not offer an explanation for cost differences or predictions for future market performance. 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: Staunton city
Affordability Verdict
ACS B25071 estimates median gross rent at 28.0% of renter household income in Staunton city, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,024 per month; median selected monthly owner costs are $1,120. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $40,960 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. Staunton city's $1,024 median is 12.5% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Staunton city
Rent Burden
18.7%
of gross income
Max Housing (28% Rule)
$1,530
per month
Owner Cost Burden
20.5%
of gross income
The median home in Staunton city may be a stretch
Median home value is $259,200. Estimated monthly cost: $2,069 vs. your max of $1,530.
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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