Woodlawn, VA

Above Avg · 117

Virginia · Population 21,828 · Updated March 2026

$1,789
Median Rent / Month
$87,897
Median Income
$309,200
Median Home Value
$1,847
Owner Costs / Month

Affordability

How far your income goes in Woodlawn

24.4%
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

$21,468
Annual Rent
$5,054
State Income Tax
$2,474
Property Tax (est.)

Cost of Living Overview

Woodlawn is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 117 (where 100 equals the national median), Woodlawn residents can expect to pay median rent of $1,789/month while earning a median household income of $87,897/year.

The median home value in Woodlawn, VA is $309,200, with typical monthly owner costs around $1,847 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.4% 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 Woodlawn.

Frequently Asked Questions

Common questions about living costs in Woodlawn

What is the cost of living in Woodlawn, VA?
The cost of living index in Woodlawn, VA is 117 (US average = 100). Median monthly rent is $1,789, median household income is $87,897/year, and the median home value is $309,200.
Is Woodlawn, VA affordable?
No, Woodlawn is more expensive than the national average with a cost index of 117. The rent-to-income ratio is 24.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Woodlawn, VA?
The median gross rent in Woodlawn, VA is $1,789 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,468.
What is the median household income in Woodlawn?
The median household income in Woodlawn, VA is $87,897 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%.