Waynesboro, VA

Very Low · 73

Virginia · Population 22,574 · Updated March 2026

$972
Median Rent / Month
$56,364
Median Income
$236,600
Median Home Value
$1,073
Owner Costs / Month

Affordability

How far your income goes in Waynesboro

20.7%
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

$11,664
Annual Rent
$3,241
State Income Tax
$1,893
Property Tax (est.)

Cost of Living Overview

Waynesboro is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 73 (where 100 equals the national median), Waynesboro residents can expect to pay median rent of $972/month while earning a median household income of $56,364/year.

The median home value in Waynesboro, VA is $236,600, with typical monthly owner costs around $1,073 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.7% 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 Waynesboro.

Frequently Asked Questions

Common questions about living costs in Waynesboro

What is the cost of living in Waynesboro, VA?
The cost of living index in Waynesboro, VA is 73 (US average = 100). Median monthly rent is $972, median household income is $56,364/year, and the median home value is $236,600.
Is Waynesboro, VA affordable?
Yes, Waynesboro is more affordable than the national average with a cost index of 73. The rent-to-income ratio is 20.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Waynesboro, VA?
The median gross rent in Waynesboro, VA is $972 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,664.
What is the median household income in Waynesboro?
The median household income in Waynesboro, VA is $56,364 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%.