Cost of Living in Waynesboro city, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Waynesboro city Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Waynesboro city, Virginia
Waynesboro's rent burden runs high
Waynesboro's 20.7% rent-to-income ratio exceeds Virginia's state average of 18.6% and sits above the national affordability benchmark, with median rent at $972 monthly. The median household income of $56,364 falls well below the national average of $74,755, creating a squeeze between low wages and moderate rents.
Waynesboro faces above-average housing stress
Waynesboro ranks among Virginia's least affordable cities, with a 20.7% rent-to-income ratio that surpasses the state average by 2 percentage points. The city's lower median income compounds the problem, making housing cost burden more painful than in higher-earning Virginia counties.
Caught between cheap and expensive
Waynesboro's $972 rent falls between rural counties like Washington ($832) and Warren ($1,199), while home values of $236,600 trail Warren ($315,800) but exceed Tazewell ($116,100). The city's affordability challenge stems less from absolute housing costs and more from relatively low resident incomes.
Renters hurt more than homeowners
Renters dedicate $972 monthly (20.7% of income) while homeowners spend $1,181 on properties valued at $236,600—an uncommon pattern suggesting renters face market pressure. At $56,364 median household income, Waynesboro residents struggle most with housing affordability in this group.
Waynesboro: affordable prices, tight budgets
Waynesboro's housing costs ($972 rent, $236,600 homes) appear reasonable until you factor in the city's $56,364 median income—lowest in this comparison. Relocators should investigate local job prospects carefully; moving here for cheaper housing could backfire if wages don't support your cost of living.
Affordability Calculator
See how your income compares to housing costs in Waynesboro city
Rent Burden
20.7%
of gross income
Max Housing (28% Rule)
$1,315
per month
Owner Cost Burden
25.1%
of gross income
The median home in Waynesboro city may be a stretch
Median home value is $236,600. Estimated monthly cost: $1,889 vs. your max of $1,315.
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.