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Cost of Living in Fredericksburg City

Is it better to rent or buy in Fredericksburg City? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$90,790
$1,571/mo

Median in area: $1,571

$498,480

Median in area: $498,480

$99,696

If you Rent

🔑
$1,744 /mo
Base Rent$1,571
Est. Utilities$173
% of Income23.1%
Pre-tax Residual$5,822

If you Buy

🏠
$3,158 /mo
P&I (6.89%)$2,624
Taxes & Ins$361
Est. Utilities$173
% of Income41.7%
Pre-tax Residual$4,408

Compare Nearby Areas

See how Fredericksburg City stacks up against neighboring areas.

countyStafford County, VA
$2,129/mo
countySpotsylvania County, VA
$1,796/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Fredericksburg City?›

Based on median housing data, renting is currently more affordable on a monthly basis in Fredericksburg City. The estimated all-in monthly cost for renting is $1,744, while owning a median-priced home with a 20% down payment is roughly $3,158 per month (a difference of $1,414).

How much do utilities cost in Fredericksburg City?›

The average monthly utility cost (electricity and natural gas) for a typical home in Fredericksburg City is approximately $173. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Fredericksburg City?›

To comfortably afford the median rent and utilities in Fredericksburg City without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $69,760 per year.