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Cost of Living in Williamsburg City

Is it better to rent or buy in Williamsburg 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.

$72,424
$1,547/mo

Median in area: $1,547

$412,058

Median in area: $412,058

$82,412

If you Rent

🔑
$1,704 /mo
Base Rent$1,547
Est. Utilities$157
% of Income28.2%
Pre-tax Residual$4,331

If you Buy

🏠
$2,686 /mo
P&I (6.976%)$2,188
Taxes & Ins$341
Est. Utilities$157
% of Income44.5%
Pre-tax Residual$3,349

Compare Nearby Areas

See how Williamsburg City stacks up against neighboring areas.

countyYork County, VA
$1,814/mo
countyJames City County, VA
$1,669/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Williamsburg City. The estimated all-in monthly cost for renting is $1,704, while owning a median-priced home with a 20% down payment is roughly $2,686 per month (a difference of $982).

How much do utilities cost in Williamsburg City?›

The average monthly utility cost (electricity and natural gas) for a typical home in Williamsburg City is approximately $157. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Williamsburg City without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $68,160 per year.