Poquoson, VA

Above Avg · 123

Virginia · Population 12,556 · Updated March 2026

$1,634
Median Rent / Month
$120,919
Median Income
$403,000
Median Home Value
$1,816
Owner Costs / Month

Affordability

How far your income goes in Poquoson

16.2%
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

$19,608
Annual Rent
$6,953
State Income Tax
$3,224
Property Tax (est.)

Cost of Living Overview

Poquoson has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 123 (where 100 equals the national median), Poquoson residents can expect to pay median rent of $1,634/month while earning a median household income of $120,919/year.

The median home value in Poquoson, VA is $403,000, with typical monthly owner costs around $1,816 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.2% 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 Poquoson.

Frequently Asked Questions

Common questions about living costs in Poquoson

What is the cost of living in Poquoson, VA?
The cost of living index in Poquoson, VA is 123 (US average = 100). Median monthly rent is $1,634, median household income is $120,919/year, and the median home value is $403,000.
Is Poquoson, VA affordable?
No, Poquoson is more expensive than the national average with a cost index of 123. The rent-to-income ratio is 16.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Poquoson, VA?
The median gross rent in Poquoson, VA is $1,634 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,608.
What is the median household income in Poquoson?
The median household income in Poquoson, VA is $120,919 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%.