Highland Springs, VA

Below Avg · 78

Virginia · Population 15,091 · Updated March 2026

$1,234
Median Rent / Month
$56,931
Median Income
$206,300
Median Home Value
$1,163
Owner Costs / Month

Affordability

How far your income goes in Highland Springs

26.0%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$14,808
Annual Rent
$3,274
State Income Tax
$1,650
Property Tax (est.)

Cost of Living Overview

Highland Springs is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 78 (where 100 equals the national median), Highland Springs residents can expect to pay median rent of $1,234/month while earning a median household income of $56,931/year.

The median home value in Highland Springs, VA is $206,300, with typical monthly owner costs around $1,163 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.0%, Highland Springs falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Highland Springs.

Frequently Asked Questions

Common questions about living costs in Highland Springs

What is the cost of living in Highland Springs, VA?
The cost of living index in Highland Springs, VA is 78 (US average = 100). Median monthly rent is $1,234, median household income is $56,931/year, and the median home value is $206,300.
Is Highland Springs, VA affordable?
Yes, Highland Springs is more affordable than the national average with a cost index of 78. The rent-to-income ratio is 26.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Highland Springs, VA?
The median gross rent in Highland Springs, VA is $1,234 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,808.
What is the median household income in Highland Springs?
The median household income in Highland Springs, VA is $56,931 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%.