Brandermill, VA

Above Avg · 116

Virginia · Population 13,938 · Updated March 2026

$1,695
Median Rent / Month
$107,748
Median Income
$349,300
Median Home Value
$1,692
Owner Costs / Month

Affordability

How far your income goes in Brandermill

18.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

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

$20,340
Annual Rent
$6,196
State Income Tax
$2,794
Property Tax (est.)

Cost of Living Overview

Brandermill is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 116 (where 100 equals the national median), Brandermill residents can expect to pay median rent of $1,695/month while earning a median household income of $107,748/year.

The median home value in Brandermill, VA is $349,300, with typical monthly owner costs around $1,692 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

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 Brandermill.

Frequently Asked Questions

Common questions about living costs in Brandermill

What is the cost of living in Brandermill, VA?
The cost of living index in Brandermill, VA is 116 (US average = 100). Median monthly rent is $1,695, median household income is $107,748/year, and the median home value is $349,300.
Is Brandermill, VA affordable?
No, Brandermill is more expensive than the national average with a cost index of 116. The rent-to-income ratio is 18.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Brandermill, VA?
The median gross rent in Brandermill, VA is $1,695 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,340.
What is the median household income in Brandermill?
The median household income in Brandermill, VA is $107,748 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%.