Affordable

What Salary Do You Need to Live in Gloucester Point?

To afford a 2-bedroom in Gloucester Point, you need to earn at least $48,240/year based on estimated fair market rent data. The median household income here is $73,356, which means the typical resident is $25,116 above the threshold.

Census ACS Data Pop. 11,016

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$844	$2,813	$33,760	$-39,596
1 Bedroom	$1,001	$3,337	$40,040	$-33,316
2 Bedroom BENCHMARK	$1,206	$4,020	$48,240	$-25,116
3 Bedroom	$1,471	$4,903	$58,840	$-14,516
4 Bedroom	$1,809	$6,030	$72,360	$-996

Affordability Breakdown

Where the required salary line crosses above Gloucester Point's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$73,356

Annual household

2BR Required Salary

$48,240

Under 30% rule

Income Gap

+$25,116

Surplus

Verdict

Affordable

Ratio: 19.7%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Gloucester Point

Your Annual Salary

Pre-filled with Gloucester Point's median household income

Max monthly rent you can afford$1,834

Studio

$844/mo

1 BR

$1,001/mo

2 BR

$1,206/mo

3 BR

$1,471/mo

4 BR

$1,809/mo

Your salary is $0 above the median income in Gloucester Point.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Gloucester Point's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Gloucester Point

Gloucester Point, Virginia stands out as one of the more financially accessible housing markets in the state. The median household income of $73,356 significantly exceeds the $48,240 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $25,116 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Gloucester Point, a studio at $844/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,471/month remains accessible for dual-income households earning above $58,840.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $72,360 would position you well — though many residents in Gloucester Point manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Gloucester Point, Virginia.

With a total population of 11,016, the city supports an active civilian workforce of 4,901 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $48,240 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

4,901

Active civilian employees in Gloucester Point

Frequently Asked Questions About Renting in Gloucester Point

What salary do I need to live in Gloucester Point, Virginia?

To afford a 2-bedroom in Gloucester Point under the 30% rule, you need an annual salary of at least $48,240. The median household income in Gloucester Point is $73,356.

Can I afford a 2-bedroom in Gloucester Point on $73,356?

The affordability verdict for Gloucester Point is "Affordable". The rent-to-income ratio is 19.7%, meaning median earners have a $25,116 surplus.

What is the average rent in Gloucester Point compared to median income?

The median gross rent in Gloucester Point is $1,001/month. With a median household income of $73,356, residents spend approximately 19.7% of their income on rent.

What salary do I need for a studio in Gloucester Point?

A studio in Gloucester Point rents for approximately $844/month. Under the 30% rule, you need an annual salary of $33,760 to afford this.

Is Gloucester Point considered an affordable place to live?

Based on the surplus of $25,116 and an affordability verdict of "Affordable", Gloucester Point is considered a affordable rental market when comparing the required 2-bedroom salary of $48,240 to the local median household income.

How Gloucester Point Compares

Other cities in Virginia with salary requirements