States › Virginia › New Baltimore

Is New Baltimore, VA expensive to live in?

CheapRent takes 12 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,12521% higher than U.S. average
💵 Families earn per year (2026)$204,189about $17,016/month · 135% higher than U.S. average
🔑 House price$698,000110% higher than U.S. average

Rent is higher than in 74% of U.S. cities. Household incomes are higher than in 97% of U.S. cities. A typical house costs about 3.4 years of household income. Commutes are long, about 36.5 minutes each way. Most homes (93.3%) are owned, so rentals can be hard to find. It is a highly educated city: 59.8% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $85,000 a year. That is $41 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 107 of 199 cities from cheapest to most expensive.

New Baltimore
$2,125
Wakefield
$3,500+
Dranesville
$3,438
Stuarts Draft
$2,163
Wyndham
$2,397
Newington Forest
$2,755
Lansdowne
$2,462

How much do households earn in New Baltimore?

Under $25k
1.8%
$25k–50k
2.7%
$50k–100k
13.3%
$100k–150k
31.6%
$150k+
47.4%

Share of households by yearly income. 79.1% of households earn $100,000 or more.

How expensive is New Baltimore 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 New Baltimore, so the Virginia figure is shown.

Taxes and bills in New Baltimore

🏛️ Property tax$5,340a year · 0.77% of home value · U.S. $3,119
⚡ Electric bill$221a month (typical) · U.S. $156

Life in New Baltimore

Commute to work36.5 minU.S.: 26.4 min
College degree59.8%U.S.: 35.7%
Own their home93.3%U.S.: 65.2%
Below poverty line4.1%U.S.: 12.5%
Unemployment1.9%U.S.: 5.2%

Is it cheaper to rent or buy in New Baltimore?

Renting is cheaper right now: about $2,718 a month less.

Renting
$2,125
Owning
$4,843

Owning assumes a typical $698,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $69,800 for the down payment.

Frequently asked questions

What is the average rent in New Baltimore, VA?

Renting in New Baltimore costs a median of about $2,125 a month in 2026, including utilities. The Virginia median is $2,049.

How much do I need to make to live in New Baltimore?

To keep rent under 30% of income, you need about $85,000 a year, or $41 an hour at a full-time job.

Is New Baltimore cheap or expensive?

New Baltimore is rated Cheap: rent takes 12.5% of the typical household income of $204,189. It ranks 107th cheapest of 199 Virginia cities we track.

How much are property taxes in New Baltimore?

The median homeowner in New Baltimore pays $5,340 a year in property taxes, about 0.77% of the median home value.

Is New Baltimore 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 New Baltimore?

The median home value in New Baltimore is $698,000, about 3.4 times the typical yearly household income.

11,919 people live in New Baltimore. Numbers are typical (middle) values.