Harrisonburg, VA

Below Avg · 83

Virginia · Population 51,492 · Updated March 2026

$1,120
Median Rent / Month
$59,752
Median Income
$278,200
Median Home Value
$1,140
Owner Costs / Month

Affordability

How far your income goes in Harrisonburg

22.5%
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

$13,440
Annual Rent
$3,436
State Income Tax
$2,226
Property Tax (est.)

Cost of Living Overview

Harrisonburg is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 83 (where 100 equals the national median), Harrisonburg residents can expect to pay median rent of $1,120/month while earning a median household income of $59,752/year.

The median home value in Harrisonburg, VA is $278,200, with typical monthly owner costs around $1,140 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.5% 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 Harrisonburg.

Frequently Asked Questions

Common questions about living costs in Harrisonburg

What is the cost of living in Harrisonburg, VA?
The cost of living index in Harrisonburg, VA is 83 (US average = 100). Median monthly rent is $1,120, median household income is $59,752/year, and the median home value is $278,200.
Is Harrisonburg, VA affordable?
Yes, Harrisonburg is more affordable than the national average with a cost index of 83. The rent-to-income ratio is 22.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Harrisonburg, VA?
The median gross rent in Harrisonburg, VA is $1,120 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,440.
What is the median household income in Harrisonburg?
The median household income in Harrisonburg, VA is $59,752 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%.