Quick facts: Alexandria, VA

Quick Facts

128.4
Cost of Living
above US average
155,525
Population
16.49
Crime Rate per 1000
below US average
$113,179
Median Income
above US average
$850,000
Median House Price
above US average
$3371.93
Average Rent
above US average
7%
Poverty Rate
below US average
2.4%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $113,179.

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Income Needed to Buy

βœ— Stretch
$267k/year
Based on $850,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $267k vs median $113,179
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Income Needed to Rent

⚠ Stretch
$145k/year
Based on $3371.93/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $145k vs median $113,179
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Alexandria, VA

Alexandria, Virginia, located just across the Potomac River from Washington, D.C., is a historic city known for its vibrant Old Town, charming waterfront, and rich colonial history. Founded in 1749, it boasts well-preserved 18th- and 19th-century architecture, with cobblestone streets lined with boutique shops, art galleries, and restaurants. Old Town is a major attraction, offering a lively atmosphere while hosting events such as craft fairs and outdoor concerts. The city is also home to numerous historical sites, including the George Washington Masonic National Memorial and the Carlyle House, which reflect its colonial heritage. Alexandria's waterfront offers scenic views and opportunities for boating and walking along the promenade. As a bustling urban area, Alexandria has a diverse population and a thriving economy, with strong employment sectors in government, education, and healthcare. Public transportation options include the Metrorail, connecting residents to the wider D.C. area. With a mix of history, culture, and community spirit, Alexandria remains a popular destination for visitors and a sought-after place to live.

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