Glen Allen, VA

Above Avg · 115

Virginia · Population 16,630 · Updated March 2026

$1,719
Median Rent / Month
$96,085
Median Income
$338,000
Median Home Value
$1,629
Owner Costs / Month

Affordability

How far your income goes in Glen Allen

21.5%
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

$20,628
Annual Rent
$5,525
State Income Tax
$2,704
Property Tax (est.)

Cost of Living Overview

Glen Allen is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 115 (where 100 equals the national median), Glen Allen residents can expect to pay median rent of $1,719/month while earning a median household income of $96,085/year.

The median home value in Glen Allen, VA is $338,000, with typical monthly owner costs around $1,629 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.5% 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 Glen Allen.

Frequently Asked Questions

Common questions about living costs in Glen Allen

What is the cost of living in Glen Allen, VA?
The cost of living index in Glen Allen, VA is 115 (US average = 100). Median monthly rent is $1,719, median household income is $96,085/year, and the median home value is $338,000.
Is Glen Allen, VA affordable?
No, Glen Allen is more expensive than the national average with a cost index of 115. The rent-to-income ratio is 21.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Glen Allen, VA?
The median gross rent in Glen Allen, VA is $1,719 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,628.
What is the median household income in Glen Allen?
The median household income in Glen Allen, VA is $96,085 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%.