Cost of Living in Blacksburg, VA
Population: 45,288 • 2026 Data
$48,070
Median Household Income
-38% vs national
$1,290
Median Monthly Rent
-4% vs national
$417,200
Median Home Value
+23% vs national
4.2%
Unemployment Rate
Housing in Blacksburg
The median home value in Blacksburg, VA is $417,200. Monthly rent for a typical unit averages $1,290, while total monthly housing costs (including utilities and insurance) average $1,270.
Rent-to-income ratio: 32.2%. This exceeds the recommended 30% threshold, indicating housing costs may be a burden for median-income households.
Income and Employment
The median household income in Blacksburg, VA is $48,070. The unemployment rate stands at 4.2%, with a labor force of 20,907 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.