Newington, VA

Very High · 182

Virginia · Population 13,824 · Updated March 2026

$2,662
Median Rent / Month
$146,681
Median Income
$560,900
Median Home Value
$2,525
Owner Costs / Month

Affordability

How far your income goes in Newington

21.8%
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

$31,944
Annual Rent
$8,434
State Income Tax
$4,487
Property Tax (est.)

Cost of Living Overview

Newington has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 182 (where 100 equals the national median), Newington residents can expect to pay median rent of $2,662/month while earning a median household income of $146,681/year.

The median home value in Newington, VA is $560,900, with typical monthly owner costs around $2,525 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.8% 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.

Frequently Asked Questions

Common questions about living costs in Newington

What is the cost of living in Newington, VA?
The cost of living index in Newington, VA is 182 (US average = 100). Median monthly rent is $2,662, median household income is $146,681/year, and the median home value is $560,900.
Is Newington, VA affordable?
No, Newington is more expensive than the national average with a cost index of 182. The rent-to-income ratio is 21.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Newington, VA?
The median gross rent in Newington, VA is $2,662 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $31,944.
What is the median household income in Newington?
The median household income in Newington, VA is $146,681 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%.