Newington Forest, VA

Very High · 181

Virginia · Population 12,434 · Updated March 2026

$2,649
Median Rent / Month
$147,650
Median Income
$586,400
Median Home Value
$2,340
Owner Costs / Month

Affordability

How far your income goes in Newington Forest

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

$31,788
Annual Rent
$8,490
State Income Tax
$4,691
Property Tax (est.)

Cost of Living Overview

Newington Forest has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 181 (where 100 equals the national median), Newington Forest residents can expect to pay median rent of $2,649/month while earning a median household income of $147,650/year.

The median home value in Newington Forest, VA is $586,400, with typical monthly owner costs around $2,340 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 Newington Forest.

Frequently Asked Questions

Common questions about living costs in Newington Forest

What is the cost of living in Newington Forest, VA?
The cost of living index in Newington Forest, VA is 181 (US average = 100). Median monthly rent is $2,649, median household income is $147,650/year, and the median home value is $586,400.
Is Newington Forest, VA affordable?
No, Newington Forest is more expensive than the national average with a cost index of 181. The rent-to-income ratio is 21.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Newington Forest, VA?
The median gross rent in Newington Forest, VA is $2,649 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $31,788.
What is the median household income in Newington Forest?
The median household income in Newington Forest, VA is $147,650 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%.