Falls Church, VA

Very High · 217

Virginia · Population 14,593 · Updated March 2026

$2,205
Median Rent / Month
$154,734
Median Income
$1,005,400
Median Home Value
$2,443
Owner Costs / Month

Affordability

How far your income goes in Falls Church

17.1%
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

$26,460
Annual Rent
$8,897
State Income Tax
$8,043
Property Tax (est.)

Cost of Living Overview

Falls Church has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 217 (where 100 equals the national median), Falls Church residents can expect to pay median rent of $2,205/month while earning a median household income of $154,734/year.

The median home value in Falls Church, VA is $1,005,400, with typical monthly owner costs around $2,443 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.1% 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 Falls Church.

Frequently Asked Questions

Common questions about living costs in Falls Church

What is the cost of living in Falls Church, VA?
The cost of living index in Falls Church, VA is 217 (US average = 100). Median monthly rent is $2,205, median household income is $154,734/year, and the median home value is $1,005,400.
Is Falls Church, VA affordable?
No, Falls Church is more expensive than the national average with a cost index of 217. The rent-to-income ratio is 17.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Falls Church, VA?
The median gross rent in Falls Church, VA is $2,205 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,460.
What is the median household income in Falls Church?
The median household income in Falls Church, VA is $154,734 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%.