Lakeside, VA

Average · 92

Virginia · Population 12,845 · Updated March 2026

$1,330
Median Rent / Month
$69,695
Median Income
$271,400
Median Home Value
$1,384
Owner Costs / Month

Affordability

How far your income goes in Lakeside

22.9%
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

$15,960
Annual Rent
$4,007
State Income Tax
$2,171
Property Tax (est.)

Cost of Living Overview

Lakeside offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 92 (where 100 equals the national median), Lakeside residents can expect to pay median rent of $1,330/month while earning a median household income of $69,695/year.

The median home value in Lakeside, VA is $271,400, with typical monthly owner costs around $1,384 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.9% 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 Lakeside.

Frequently Asked Questions

Common questions about living costs in Lakeside

What is the cost of living in Lakeside, VA?
The cost of living index in Lakeside, VA is 92 (US average = 100). Median monthly rent is $1,330, median household income is $69,695/year, and the median home value is $271,400.
Is Lakeside, VA affordable?
Yes, Lakeside is more affordable than the national average with a cost index of 92. The rent-to-income ratio is 22.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lakeside, VA?
The median gross rent in Lakeside, VA is $1,330 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,960.
What is the median household income in Lakeside?
The median household income in Lakeside, VA is $69,695 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%.