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Cost of Living in King William County

Is it better to rent or buy in King William County? 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.

$87,749
$1,106/mo

Median in area: $1,106

$313,262

Median in area: $313,262

$62,652

If you Rent

🔑
$1,310 /mo
Base Rent$1,106
Est. Utilities$204
% of Income17.9%
Pre-tax Residual$6,002

If you Buy

🏠
$2,118 /mo
P&I (7.024%)$1,671
Taxes & Ins$243
Est. Utilities$204
% of Income29.0%
Pre-tax Residual$5,194

Compare Nearby Areas

See how King William County stacks up against neighboring areas.

countyCaroline County, VA
$1,344/mo
countyHanover County, VA
$1,743/mo
countyNew Kent County, VA
$1,626/mo
countyKing and Queen County, VA
$1,020/mo

Cost of Living FAQs

Is it cheaper to rent or buy in King William County?›

Based on median housing data, renting is currently more affordable on a monthly basis in King William County. The estimated all-in monthly cost for renting is $1,310, while owning a median-priced home with a 20% down payment is roughly $2,118 per month (a difference of $808).

How much do utilities cost in King William County?›

The average monthly utility cost (electricity and natural gas) for a typical home in King William County is approximately $204. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in King William County?›

To comfortably afford the median rent and utilities in King William County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $52,400 per year.