Timberlake, VA

Very Low · 72

Virginia · Population 12,833 · Updated March 2026

$1,037
Median Rent / Month
$68,833
Median Income
$228,200
Median Home Value
$996
Owner Costs / Month

Affordability

How far your income goes in Timberlake

18.1%
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

$12,444
Annual Rent
$3,958
State Income Tax
$1,826
Property Tax (est.)

Cost of Living Overview

Timberlake is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 72 (where 100 equals the national median), Timberlake residents can expect to pay median rent of $1,037/month while earning a median household income of $68,833/year.

The median home value in Timberlake, VA is $228,200, with typical monthly owner costs around $996 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.1% 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 Timberlake.

Frequently Asked Questions

Common questions about living costs in Timberlake

What is the cost of living in Timberlake, VA?
The cost of living index in Timberlake, VA is 72 (US average = 100). Median monthly rent is $1,037, median household income is $68,833/year, and the median home value is $228,200.
Is Timberlake, VA affordable?
Yes, Timberlake is more affordable than the national average with a cost index of 72. The rent-to-income ratio is 18.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Timberlake, VA?
The median gross rent in Timberlake, VA is $1,037 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,444.
What is the median household income in Timberlake?
The median household income in Timberlake, VA is $68,833 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%.