salaryRent is higher than in 69% of U.S. cities. Household incomes are higher than in 89% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (84.8%) are owned, so rentals can be hard to find. It is a highly educated city: 63.2% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $80,040 a year. That is $38 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 98 of 199 cities from cheapest to most expensive.
How much do households earn in Woodlake?
Share of households by yearly income. 65.2% of households earn $100,000 or more.
Rent by apartment size in Woodlake
| Size | Woodlake | U.S. average |
|---|---|---|
| 2 bedrooms | $1,927 | $1,509 |
| 4 bedrooms | $2,721 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Woodlake 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 Woodlake, so the Virginia figure is shown.
Taxes and bills in Woodlake
Life in Woodlake
Is it cheaper to rent or buy in Woodlake?
Renting is cheaper right now: about $822 a month less.
Owning assumes a typical $406,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $40,680 for the down payment.
Frequently asked questions
What is the average rent in Woodlake, VA?
Renting in Woodlake costs a median of about $2,001 a month in 2026, including utilities. The Virginia median is $2,049.
How much do I need to make to live in Woodlake?
To keep rent under 30% of income, you need about $80,040 a year, or $38 an hour at a full-time job.
Is Woodlake cheap or expensive?
Woodlake is rated Cheap: rent takes 16.0% of the typical household income of $150,283. It ranks 98th cheapest of 199 Virginia cities we track.
How much are property taxes in Woodlake?
The median homeowner in Woodlake pays $3,213 a year in property taxes, about 0.79% of the median home value.
Is Woodlake 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 Woodlake?
The median home value in Woodlake is $406,800, about 2.7 times the typical yearly household income.
7,358 people live in Woodlake. Numbers are typical (middle) values.