Burke Centre, VA

Very High · 179

Virginia · Population 17,447 · Updated March 2026

$2,360
Median Rent / Month
$159,932
Median Income
$615,400
Median Home Value
$2,489
Owner Costs / Month

Affordability

How far your income goes in Burke Centre

17.7%
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

$28,320
Annual Rent
$9,196
State Income Tax
$4,923
Property Tax (est.)

Cost of Living Overview

Burke Centre has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 179 (where 100 equals the national median), Burke Centre residents can expect to pay median rent of $2,360/month while earning a median household income of $159,932/year.

The median home value in Burke Centre, VA is $615,400, with typical monthly owner costs around $2,489 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.7% 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 Burke Centre.

Frequently Asked Questions

Common questions about living costs in Burke Centre

What is the cost of living in Burke Centre, VA?
The cost of living index in Burke Centre, VA is 179 (US average = 100). Median monthly rent is $2,360, median household income is $159,932/year, and the median home value is $615,400.
Is Burke Centre, VA affordable?
No, Burke Centre is more expensive than the national average with a cost index of 179. The rent-to-income ratio is 17.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Burke Centre, VA?
The median gross rent in Burke Centre, VA is $2,360 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $28,320.
What is the median household income in Burke Centre?
The median household income in Burke Centre, VA is $159,932 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%.