Blacksburg, VA

Average · 105

Virginia · Population 45,288 · Updated March 2026

$1,290
Median Rent / Month
$48,070
Median Income
$417,200
Median Home Value
$1,270
Owner Costs / Month

Affordability

How far your income goes in Blacksburg

32.2%
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

$15,480
Annual Rent
$2,764
State Income Tax
$3,338
Property Tax (est.)

Cost of Living Overview

Blacksburg is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 105 (where 100 equals the national median), Blacksburg residents can expect to pay median rent of $1,290/month while earning a median household income of $48,070/year.

The median home value in Blacksburg, VA is $417,200, with typical monthly owner costs around $1,270 including mortgage, insurance, and taxes. At 32.2% rent-to-income ratio, residents of Blacksburg are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

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 Blacksburg.

Frequently Asked Questions

Common questions about living costs in Blacksburg

What is the cost of living in Blacksburg, VA?
The cost of living index in Blacksburg, VA is 105 (US average = 100). Median monthly rent is $1,290, median household income is $48,070/year, and the median home value is $417,200.
Is Blacksburg, VA affordable?
No, Blacksburg is more expensive than the national average with a cost index of 105. The rent-to-income ratio is 32.2%—above the 30%% affordability threshold.
What is the average rent in Blacksburg, VA?
The median gross rent in Blacksburg, VA is $1,290 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,480.
What is the median household income in Blacksburg?
The median household income in Blacksburg, VA is $48,070 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%.