Oakton, VA

Very High · 195

Virginia · Population 36,776 · Updated March 2026

$2,333
Median Rent / Month
$163,662
Median Income
$776,700
Median Home Value
$2,471
Owner Costs / Month

Affordability

How far your income goes in Oakton

17.1%
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

$27,996
Annual Rent
$9,411
State Income Tax
$6,214
Property Tax (est.)

Cost of Living Overview

Oakton has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 195 (where 100 equals the national median), Oakton residents can expect to pay median rent of $2,333/month while earning a median household income of $163,662/year.

The median home value in Oakton, VA is $776,700, with typical monthly owner costs around $2,471 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.1% 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 Oakton.

Frequently Asked Questions

Common questions about living costs in Oakton

What is the cost of living in Oakton, VA?
The cost of living index in Oakton, VA is 195 (US average = 100). Median monthly rent is $2,333, median household income is $163,662/year, and the median home value is $776,700.
Is Oakton, VA affordable?
No, Oakton is more expensive than the national average with a cost index of 195. The rent-to-income ratio is 17.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Oakton, VA?
The median gross rent in Oakton, VA is $2,333 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $27,996.
What is the median household income in Oakton?
The median household income in Oakton, VA is $163,662 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%.