Cost of Living in Fredericksburg, VA
Population: 28,383 • 2026 Data
$85,368
Median Household Income
+10% vs national
$1,521
Median Monthly Rent
+13% vs national
$461,500
Median Home Value
+36% vs national
4.6%
Unemployment Rate
Housing in Fredericksburg
The median home value in Fredericksburg, VA is $461,500. Monthly rent for a typical unit averages $1,521, while total monthly housing costs (including utilities and insurance) average $1,648.
Rent-to-income ratio: 21.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Fredericksburg, VA is $85,368. The unemployment rate stands at 4.6%, with a labor force of 15,777 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.