Cost of Living in Petersburg, VA
Population: 33,365 • 2026 Data
$50,741
Median Household Income
-34% vs national
$1,132
Median Monthly Rent
-16% vs national
$157,900
Median Home Value
-53% vs national
11.1%
Unemployment Rate
Housing in Petersburg
The median home value in Petersburg, VA is $157,900. Monthly rent for a typical unit averages $1,132, while total monthly housing costs (including utilities and insurance) average $1,109.
Rent-to-income ratio: 26.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Petersburg, VA is $50,741. The unemployment rate stands at 11.1%, with a labor force of 16,403 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.