Cost of Living in Fredericksburg, VA
Housing
The housing market plays a significant role in determining the cost of living in Fredericksburg, VA.
- Housing Index: 110.0 / 100
- Median Home Price is: $342,000
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1650 per month
Considering the data for Fredericksburg, VA, the housing index stands at 110.0, indicating that housing costs are moderately on the rise. The median home price of 342000 suggests a competitive market, while rental rates for a 2-bedroom apartment at 1600 and a 2-bedroom house at 1650 are relatively high. Potential buyers and renters should assess their budget against these costs, particularly as the real estate market reflects the overall demand in the area. Remember, economic factors, local amenities, and community ratings play a crucial role in your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fredericksburg, VA.
- Electricity Price: $15.31 USD (median by state)
- Natural Gas Price: $19.91 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Fredericksburg, VA could entail higher utility costs. Electricity costs sit at $15.31, while natural gas is priced at $19.91 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Fredericksburg is a financially viable option for your relocation.