Fredericksburg, VA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Fredericksburg, VA Summary

Cost of living in Fredericksburg research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Fredericksburg is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Fredericksburg is 124, with 100 being the average.

  • The cost of living index in Fredericksburg is 1.2x higher than the national average.

  • Fredericksburg ranks as the #98 cheapest in Virginia out of 186.

  • Fredericksburg ranks as the #4,999 cheapest out of 6,412 in the US.

  • The median home value in Fredericksburg is $382,400.

  • The median income in Fredericksburg is $72,293.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
124
Fredericksburg's Overall Cost Of Living
1.2x
Higher Than The National Average

What is the cost of living in Fredericksburg, VA?

According to the most recent data on the cost of living, Fredericksburg has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.

Compared to Virginia, Fredericksburg has a cost of living index that's 1.2x higher than Virginia's index of 102.

The standard of living in Fredericksburg ranks as #98 most affordable out of the 186 places we measured in Virginia. By definition, that implies Fredericksburg ranks as the #88 most expensive place in the Old Dominion.

For more reading on life in Fredericksburg, check out:

98 out of 186
In Virginia
4,999 out of 6,412
In America

Fredericksburg Cost Of Living Vs. Virginia

Six factors go into calculating the cost of living index in Fredericksburg. Here is how it fairs on each of the criteria:

  • The Services index in Fredericksburg is 106.

  • The Groceries index in Fredericksburg is 122.

  • The Health index in Fredericksburg is 101.

  • The Housing index in Fredericksburg is 154.

  • The Transportation index in Fredericksburg is 104.

  • The Utilities index in Fredericksburg is 99.

Living Expense Fredericksburg Virginia National Average
Overall 124 102 100
Services 106 102 100
Groceries 122 98 100
Health 101 102 100
Housing 154 107 100
Transportation 104 95 100
Utilities 99 102 100
For more reading on cost of living around Virginia, check out:
Fredericksburg Cost of Living Vs. VA

Fredericksburg, VA Housing Cost Breakdown

Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Fredericksburg is $382,400.

  • The Median Rent in Fredericksburg is $1,355.

  • The Median Income in Fredericksburg is $72,293.

  • The Home Value To Income in Fredericksburg is 5.3x.

  • The Rent To Monthly Income in Fredericksburg is 0.22x.

Statistic Fredericksburg Virginia United States
Median Home Value $382,400 $295,500 $244,900
Median Rent $1,355 $1,326 $1,163
Median Income $72,293 $80,615 $69,021
Home Value To Income 5.3x 3.7x 3.5x
Rent To Monthly Income 0.22x 0.2x 0.2x
Search Homes For Sale In Fredericksburg, VA
$382,400
Median Home Value
$1,355
Median Rent
$72,293
Median Income

Fredericksburg, VA Costs By Category

Detailed Fredericksburg Services Costs Vs. Virginia

Item Fredericksburg Virginia
Shampoo $1.04 $1.06
Movie $12.45 $10.68
Bowling $19.83 $14.67
Haircut $25.56 $18.62
Beauty Salon $56.94 $39.05

Detailed Fredericksburg Groceries Costs Vs. Virginia

Item Fredericksburg Virginia
Ground Beef $4.79 $4.22
Fried Chicken $1.62 $1.39
Milk $2.58 $2.05
Potatoes $4.21 $3.29
Pizza $11.66 $10.62
Beer $10.66 $9.38
Toothpaste $3.52 $2.34

Detailed Fredericksburg Health Costs Vs. Virginia

Item Fredericksburg Virginia
Optometrist $104.67 $108.57
Doctor $128.0 $116.17
Dentist $103.17 $99.13

Detailed Fredericksburg Transportation Costs Vs. Virginia

Item Fredericksburg Virginia
Gasoline $2.24 $2.22
Tire Balancing $51.0 $50.07

Detailed Fredericksburg Utilities Costs Vs. Virginia

Item Fredericksburg Virginia
All Electricity $160.85 $167.67
Phone $177.97 $175.64

Fredericksburg SnackAbility

7
/10
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
4
Diversity
9.5
Safety
5
Amenities
9
Education
8
Commute
5

Cost Of Living In Cities Around Fredericksburg

The cost of living varies in the cities and towns around Fredericksburg. Here's a quick look at the cost of living in the most populous nearby places:

  • Burke, VA has a cost of living index of 154, 1.2x Fredericksburg.

  • South Riding, VA has a cost of living index of 156, 1.3x Fredericksburg.

  • Franklin Farm, VA has a cost of living index of 167, 1.3x Fredericksburg.

City Population Cost Of Living Vs. Fredericksburg
Burke, VA 44,191 154 1.2x
South Riding, VA 33,828 156 1.3x
Franklin Farm, VA 18,906 167 1.3x
Broadlands, VA 14,835 163 1.3x
Kings Park West, VA 13,812 158 1.3x
Dranesville, VA 11,951 165 1.3x
Dunn Loring, VA 9,251 183 1.5x
Lake of the Woods, VA 8,557 114 0.9x
Floris, VA 7,592 177 1.4x
South Run, VA 6,953 191 1.5x

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