Cost of Living in Lake Ridge, VA
Population: 45,007 • 2026 Data
$120,844
Median Household Income
+56% vs national
$2,011
Median Monthly Rent
+49% vs national
$452,800
Median Home Value
+34% vs national
3.8%
Unemployment Rate
Housing in Lake Ridge
The median home value in Lake Ridge, VA is $452,800. Monthly rent for a typical unit averages $2,011, while total monthly housing costs (including utilities and insurance) average $2,110.
Rent-to-income ratio: 20.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Lake Ridge, VA is $120,844. The unemployment rate stands at 3.8%, with a labor force of 24,775 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.