Short Pump, VA

Very High · 145

Virginia · Population 28,177 · Updated March 2026

$1,804
Median Rent / Month
$132,194
Median Income
$543,000
Median Home Value
$1,934
Owner Costs / Month

Affordability

How far your income goes in Short Pump

16.4%
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

$21,648
Annual Rent
$7,601
State Income Tax
$4,344
Property Tax (est.)

Cost of Living Overview

Short Pump has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 145 (where 100 equals the national median), Short Pump residents can expect to pay median rent of $1,804/month while earning a median household income of $132,194/year.

The median home value in Short Pump, VA is $543,000, with typical monthly owner costs around $1,934 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.4% 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 Short Pump.

Frequently Asked Questions

Common questions about living costs in Short Pump

What is the cost of living in Short Pump, VA?
The cost of living index in Short Pump, VA is 145 (US average = 100). Median monthly rent is $1,804, median household income is $132,194/year, and the median home value is $543,000.
Is Short Pump, VA affordable?
No, Short Pump is more expensive than the national average with a cost index of 145. The rent-to-income ratio is 16.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Short Pump, VA?
The median gross rent in Short Pump, VA is $1,804 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,648.
What is the median household income in Short Pump?
The median household income in Short Pump, VA is $132,194 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%.