salaryRent is higher than in 65% of U.S. cities. A typical house costs about 5.2 years of household income. Commutes are long, about 31.9 minutes each way. Most households rent (60%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $76,960 a year. That is $37 an hour at a full-time job.
Is rent cheaper than other Virginia cities?
Yes. Rent here is cheaper than in most of Virginia. It is number 92 of 199 cities from cheapest to most expensive.
How much do households earn in Fredericksburg?
Share of households by yearly income. 33.7% of households earn $100,000 or more.
Rent by apartment size in Fredericksburg
| Size | Fredericksburg | U.S. average |
|---|---|---|
| Studio | $993 | $1,338 |
| 1 bedroom | $1,569 | $1,324 |
| 2 bedrooms | $1,678 | $1,509 |
| 3 bedrooms | $1,984 | $1,698 |
| 4 bedrooms | $2,914 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Fredericksburg overall?
Everyday prices in Virginia overall are 1% above the U.S. average (index 101.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Fredericksburg, so the Virginia figure is shown.
Taxes and bills in Fredericksburg
Life in Fredericksburg
Is it cheaper to rent or buy in Fredericksburg?
Renting is cheaper right now: about $1,432 a month less.
Owning assumes a typical $483,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $48,370 for the down payment.
Frequently asked questions
What is the average rent in Fredericksburg, VA?
Renting in Fredericksburg costs a median of about $1,924 a month in 2026, including utilities. The Virginia median is $2,049.
How much do I need to make to live in Fredericksburg?
To keep rent under 30% of income, you need about $76,960 a year, or $37 an hour at a full-time job.
Is Fredericksburg cheap or expensive?
Fredericksburg is rated OK: rent takes 24.9% of the typical household income of $92,828. It ranks 92nd cheapest of 199 Virginia cities we track.
How much are property taxes in Fredericksburg?
The median homeowner in Fredericksburg pays $2,907 a year in property taxes, about 0.60% of the median home value.
Is Fredericksburg more expensive than the national average?
Overall prices in Virginia are 1% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Fredericksburg?
The median home value in Fredericksburg is $483,700, about 5.2 times the typical yearly household income.
28,873 people live in Fredericksburg. Numbers are typical (middle) values.