Winchester, VA

Average · 96

Virginia · Population 27,981 · Updated March 2026

$1,298
Median Rent / Month
$64,648
Median Income
$325,900
Median Home Value
$1,320
Owner Costs / Month

Affordability

How far your income goes in Winchester

24.1%
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

$15,576
Annual Rent
$3,717
State Income Tax
$2,607
Property Tax (est.)

Cost of Living Overview

Winchester has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 96 (where 100 equals the national median), Winchester residents can expect to pay median rent of $1,298/month while earning a median household income of $64,648/year.

The median home value in Winchester, VA is $325,900, with typical monthly owner costs around $1,320 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.1% 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 Winchester.

Frequently Asked Questions

Common questions about living costs in Winchester

What is the cost of living in Winchester, VA?
The cost of living index in Winchester, VA is 96 (US average = 100). Median monthly rent is $1,298, median household income is $64,648/year, and the median home value is $325,900.
Is Winchester, VA affordable?
Yes, Winchester is more affordable than the national average with a cost index of 96. The rent-to-income ratio is 24.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Winchester, VA?
The median gross rent in Winchester, VA is $1,298 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,576.
What is the median household income in Winchester?
The median household income in Winchester, VA is $64,648 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%.