States › Virginia › Gloucester Point

Is Gloucester Point, VA expensive to live in?

CheapRent takes 14 cents of every $1 people earn here.
🏠 Rent per month (2026)$92147% lower than U.S. average
💵 Families earn per year (2026)$79,810about $6,651/month · 8% lower than U.S. average
🔑 House price$320,7004% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs about 4.0 years of household income. Commutes are long, about 35.4 minutes each way.

How much money do I need?

To rent here comfortably, you should earn about $36,840 a year. That is $18 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 13 of 199 cities from cheapest to most expensive.

Gloucester Point
$921
Lowes Island
$2,988
Lake Barcroft
$2,200
Independent Hill
$2,415
Lake Monticello
$1,672
Stuarts Draft
$2,163
Triangle
$1,934

How much do households earn in Gloucester Point?

Under $25k
8.4%
$25k–50k
26.5%
$50k–100k
39.3%
$100k–150k
16.9%
$150k+
7.2%

Share of households by yearly income. 24.0% of households earn $100,000 or more.

Rent by apartment size in Gloucester Point

SizeGloucester PointU.S. average
1 bedroom$1,028$1,324
2 bedrooms$1,087$1,509
3 bedrooms$1,501$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Gloucester Point overall?

Everyday prices in Virginia overall are 1% above the U.S. average (index 101.1, U.S. = 100).

Housing
107
Goods (food, clothes…)
100
Utilities
92
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Gloucester Point, so the Virginia figure is shown.

Taxes and bills in Gloucester Point

🏛️ Property tax$1,880a year · 0.59% of home value · U.S. $3,119
⚡ Electric bill$182a month (typical) · U.S. $156

Life in Gloucester Point

Commute to work35.4 minU.S.: 26.4 min
College degree23.6%U.S.: 35.7%
Own their home67%U.S.: 65.2%
Below poverty line7.5%U.S.: 12.5%
Unemployment3.4%U.S.: 5.2%

Is it cheaper to rent or buy in Gloucester Point?

Renting is cheaper right now: about $1,304 a month less.

Renting
$921
Owning
$2,225

Owning assumes a typical $320,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $32,070 for the down payment.

Frequently asked questions

What is the average rent in Gloucester Point, VA?

Renting in Gloucester Point costs a median of about $921 a month in 2026, including utilities. The Virginia median is $2,049.

How much do I need to make to live in Gloucester Point?

To keep rent under 30% of income, you need about $36,840 a year, or $18 an hour at a full-time job.

Is Gloucester Point cheap or expensive?

Gloucester Point is rated Cheap: rent takes 13.8% of the typical household income of $79,810. It ranks 13th cheapest of 199 Virginia cities we track.

How much are property taxes in Gloucester Point?

The median homeowner in Gloucester Point pays $1,880 a year in property taxes, about 0.59% of the median home value.

Is Gloucester Point 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 Gloucester Point?

The median home value in Gloucester Point is $320,700, about 4.0 times the typical yearly household income.

11,109 people live in Gloucester Point. Numbers are typical (middle) values.