salaryRent is higher than in 86% of U.S. cities. Household incomes are higher than in 86% of U.S. cities. A typical house costs about 3.4 years of household income. Commutes are long, about 35.7 minutes each way. Most homes (76.4%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $99,880 a year. That is $48 an hour at a full-time job.
Is rent cheaper than other Virginia cities?
No. Rent here is more expensive than in most of Virginia. It is number 142 of 199 cities from cheapest to most expensive.
How much do households earn in Lake Ridge?
Share of households by yearly income. 51.9% of households earn $100,000 or more.
Rent by apartment size in Lake Ridge
| Size | Lake Ridge | U.S. average |
|---|---|---|
| Studio | $1,867 | $1,338 |
| 1 bedroom | $1,790 | $1,324 |
| 2 bedrooms | $2,222 | $1,509 |
| 3 bedrooms | $2,397 | $1,698 |
| 4 bedrooms | $2,892 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lake Ridge 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 Lake Ridge, so the Virginia figure is shown.
Taxes and bills in Lake Ridge
Life in Lake Ridge
Is it cheaper to rent or buy in Lake Ridge?
Renting is cheaper right now: about $772 a month less.
Owning assumes a typical $471,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $47,120 for the down payment.
Frequently asked questions
What is the average rent in Lake Ridge, VA?
Renting in Lake Ridge costs a median of about $2,497 a month in 2026, including utilities. The Virginia median is $2,049.
How much do I need to make to live in Lake Ridge?
To keep rent under 30% of income, you need about $99,880 a year, or $48 an hour at a full-time job.
Is Lake Ridge cheap or expensive?
Lake Ridge is rated OK: rent takes 21.8% of the typical household income of $137,136. It ranks 142nd cheapest of 199 Virginia cities we track.
How much are property taxes in Lake Ridge?
The median homeowner in Lake Ridge pays $4,426 a year in property taxes, about 0.94% of the median home value.
Is Lake Ridge 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 Lake Ridge?
The median home value in Lake Ridge is $471,200, about 3.4 times the typical yearly household income.
46,049 people live in Lake Ridge. Numbers are typical (middle) values.