salaryRent is lower than in 58% of U.S. cities. A typical house costs about 7.8 years of household income, so buying is hard for most locals. Commutes are short, about 16.6 minutes. Most households rent (84%), so there are plenty of rental options. It is a highly educated city: 66.7% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $59,560 a year. That is $29 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 48 of 199 cities from cheapest to most expensive.
How much do households earn in University of Virginia?
Share of households by yearly income. 17.9% of households earn $100,000 or more.
Rent by apartment size in University of Virginia
| Size | University of Virginia | U.S. average |
|---|---|---|
| Studio | $1,190 | $1,338 |
| 1 bedroom | $1,358 | $1,324 |
| 2 bedrooms | $1,577 | $1,509 |
| 3 bedrooms | $1,830 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is University of Virginia 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 University of Virginia, so the Virginia figure is shown.
Taxes and bills in University of Virginia
Life in University of Virginia
Is it cheaper to rent or buy in University of Virginia?
Renting is cheaper right now: about $1,582 a month less.
Owning assumes a typical $442,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $44,260 for the down payment.
Frequently asked questions
What is the average rent in University of Virginia, VA?
Renting in University of Virginia costs a median of about $1,489 a month in 2026, including utilities. The Virginia median is $2,049.
How much do I need to make to live in University of Virginia?
To keep rent under 30% of income, you need about $59,560 a year, or $29 an hour at a full-time job.
Is University of Virginia cheap or expensive?
University of Virginia is rated Expensive: rent takes 31.5% of the typical household income of $56,671. It ranks 48th cheapest of 199 Virginia cities we track.
How much are property taxes in University of Virginia?
The median homeowner in University of Virginia pays $3,234 a year in property taxes, about 0.73% of the median home value.
Is University of Virginia 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 University of Virginia?
The median home value in University of Virginia is $442,600, about 7.8 times the typical yearly household income.
9,065 people live in University of Virginia. Numbers are typical (middle) values.