University of Virginia, VA

Yes — University of Virginia is about 12% more expensive than the national average, with an overall Cost Index of 112. Housing is the biggest factor: the typical home here is valued around $422,200, and monthly rents average roughly $1,385. Day-to-day costs like groceries and utilities tend to run closer to the national norm.

Start with housing. Typical monthly rent is $1,385, while local median household income is $44,635. That implies a rent-burden proxy of about 37% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Virginia has a progressive state income tax with a top rate of 5.75%. The effective property tax rate is 0.82%. On a home worth $422,200, that translates to roughly $3,462 per year in property taxes. Sales tax (state + local) averages around 5.75% on everyday purchases.

The typical monthly rent in University of Virginia is around $1,385. That's close to the $1,348 national median. For comparison, the median home value here is $422,200, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in University of Virginia is valued at $422,200. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $2,135/month for principal and interest alone — before property taxes and insurance. About 16% of residents here own their homes.

Grocery prices in University of Virginia are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 88). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

University of Virginia is a small town with a population of about 9,159. The median age of residents is 19.6, skewing younger — often a sign of a college town or fast-growing area. The local poverty rate is 26.04%, above the national average of 12.4%.