Mechanicsville, VA

Above Avg · 110

Virginia · Population 38,437 · Updated March 2026

$1,645
Median Rent / Month
$97,569
Median Income
$323,600
Median Home Value
$1,558
Owner Costs / Month

Affordability

How far your income goes in Mechanicsville

20.2%
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

$19,740
Annual Rent
$5,610
State Income Tax
$2,589
Property Tax (est.)

Cost of Living Overview

Mechanicsville is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 110 (where 100 equals the national median), Mechanicsville residents can expect to pay median rent of $1,645/month while earning a median household income of $97,569/year.

The median home value in Mechanicsville, VA is $323,600, with typical monthly owner costs around $1,558 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.2% 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 Mechanicsville.

Frequently Asked Questions

Common questions about living costs in Mechanicsville

What is the cost of living in Mechanicsville, VA?
The cost of living index in Mechanicsville, VA is 110 (US average = 100). Median monthly rent is $1,645, median household income is $97,569/year, and the median home value is $323,600.
Is Mechanicsville, VA affordable?
No, Mechanicsville is more expensive than the national average with a cost index of 110. The rent-to-income ratio is 20.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Mechanicsville, VA?
The median gross rent in Mechanicsville, VA is $1,645 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,740.
What is the median household income in Mechanicsville?
The median household income in Mechanicsville, VA is $97,569 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%.