Burke, VA

Very High · 201

Virginia · Population 43,336 · Updated March 2026

$2,715
Median Rent / Month
$179,063
Median Income
$696,800
Median Home Value
$2,653
Owner Costs / Month

Affordability

How far your income goes in Burke

18.2%
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

$32,580
Annual Rent
$10,296
State Income Tax
$5,574
Property Tax (est.)

Cost of Living Overview

Burke has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 201 (where 100 equals the national median), Burke residents can expect to pay median rent of $2,715/month while earning a median household income of $179,063/year.

The median home value in Burke, VA is $696,800, with typical monthly owner costs around $2,653 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.2% 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.

Frequently Asked Questions

Common questions about living costs in Burke

What is the cost of living in Burke, VA?
The cost of living index in Burke, VA is 201 (US average = 100). Median monthly rent is $2,715, median household income is $179,063/year, and the median home value is $696,800.
Is Burke, VA affordable?
No, Burke is more expensive than the national average with a cost index of 201. The rent-to-income ratio is 18.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Burke, VA?
The median gross rent in Burke, VA is $2,715 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $32,580.
What is the median household income in Burke?
The median household income in Burke, VA is $179,063 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%.