Franconia, VA

Very High · 175

Virginia · Population 18,141 · Updated March 2026

$2,469
Median Rent / Month
$152,007
Median Income
$557,800
Median Home Value
$2,474
Owner Costs / Month

Affordability

How far your income goes in Franconia

19.5%
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

$29,628
Annual Rent
$8,740
State Income Tax
$4,462
Property Tax (est.)

Cost of Living Overview

Franconia has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 175 (where 100 equals the national median), Franconia residents can expect to pay median rent of $2,469/month while earning a median household income of $152,007/year.

The median home value in Franconia, VA is $557,800, with typical monthly owner costs around $2,474 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.5% 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 Franconia.

Frequently Asked Questions

Common questions about living costs in Franconia

What is the cost of living in Franconia, VA?
The cost of living index in Franconia, VA is 175 (US average = 100). Median monthly rent is $2,469, median household income is $152,007/year, and the median home value is $557,800.
Is Franconia, VA affordable?
No, Franconia is more expensive than the national average with a cost index of 175. The rent-to-income ratio is 19.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Franconia, VA?
The median gross rent in Franconia, VA is $2,469 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $29,628.
What is the median household income in Franconia?
The median household income in Franconia, VA is $152,007 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%.