Bailey's Crossroads, VA

Very High · 133

Virginia · Population 25,458 · Updated March 2026

$1,958
Median Rent / Month
$84,241
Median Income
$398,200
Median Home Value
$1,927
Owner Costs / Month

Affordability

How far your income goes in Bailey's Crossroads

27.9%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Virginia

State-level tax rates that affect your costs

5.75%
Income Tax (Top Rate)
5.3%
Sales Tax
0.8%
Property Tax Rate

Estimated Annual Costs

$23,496
Annual Rent
$4,844
State Income Tax
$3,186
Property Tax (est.)

Cost of Living Overview

Bailey's Crossroads has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 133 (where 100 equals the national median), Bailey's Crossroads residents can expect to pay median rent of $1,958/month while earning a median household income of $84,241/year.

The median home value in Bailey's Crossroads, VA is $398,200, with typical monthly owner costs around $1,927 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.9%, Bailey's Crossroads falls within the generally affordable range, though it's approaching the 30% burden threshold.

Virginia has a moderate income tax rate of 5.75%. Combined with a 5.3% sales tax rate and 0.8% effective property tax rate, the overall tax environment is a factor in the total cost of living in Bailey's Crossroads.

Frequently Asked Questions

Common questions about living costs in Bailey's Crossroads

What is the cost of living in Bailey's Crossroads, VA?
The cost of living index in Bailey's Crossroads, VA is 133 (US average = 100). Median monthly rent is $1,958, median household income is $84,241/year, and the median home value is $398,200.
Is Bailey's Crossroads, VA affordable?
No, Bailey's Crossroads is more expensive than the national average with a cost index of 133. The rent-to-income ratio is 27.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bailey's Crossroads, VA?
The median gross rent in Bailey's Crossroads, VA is $1,958 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,496.
What is the median household income in Bailey's Crossroads?
The median household income in Bailey's Crossroads, VA is $84,241 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Virginia?
Virginia has a top income tax rate of 5.75%, a sales tax of 5.3%, and an effective property tax rate of 0.8%.