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Cost of Living in Waynesboro City

Is it better to rent or buy in Waynesboro 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.

$60,278
$1,048/mo

Median in area: $1,048

$250,937

Median in area: $250,937

$50,187

If you Rent

🔑
$1,230 /mo
Base Rent$1,048
Est. Utilities$182
% of Income24.5%
Pre-tax Residual$3,793

If you Buy

🏠
$1,733 /mo
P&I (7.106%)$1,350
Taxes & Ins$201
Est. Utilities$182
% of Income34.5%
Pre-tax Residual$3,290

Compare Nearby Areas

See how Waynesboro City stacks up against neighboring areas.

countyAugusta County, VA
$1,141/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Waynesboro City. The estimated all-in monthly cost for renting is $1,230, while owning a median-priced home with a 20% down payment is roughly $1,733 per month (a difference of $503).

How much do utilities cost in Waynesboro City?›

The average monthly utility cost (electricity and natural gas) for a typical home in Waynesboro City is approximately $182. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Waynesboro City without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $49,200 per year.