Unaffordable

What Salary Do You Need to Live in University of Virginia?

To afford a 2-bedroom in University of Virginia, you need to earn at least $64,200/year based on estimated fair market rent data. The median household income here is $47,008, which means the typical resident is $17,192 below the threshold.

Census ACS Data Pop. 9,648

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,124	$3,747	$44,960	$-2,048
1 Bedroom	$1,332	$4,440	$53,280	+$6,272
2 Bedroom BENCHMARK	$1,605	$5,350	$64,200	+$17,192
3 Bedroom	$1,958	$6,527	$78,320	+$31,312
4 Bedroom	$2,408	$8,027	$96,320	+$49,312

Affordability Breakdown

Where the required salary line crosses above University of Virginia's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$47,008

Annual household

2BR Required Salary

$64,200

Under 30% rule

Income Gap

-$17,192

Deficit

Verdict

Unaffordable

Ratio: 41.0%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in University of Virginia

Your Annual Salary

Pre-filled with University of Virginia's median household income

Max monthly rent you can afford$1,175

Studio

$1,124/mo

1 BR

$1,332/mo

2 BR

$1,605/mo

3 BR

$1,958/mo

4 BR

$2,408/mo

Your salary is $0 above the median income in University of Virginia.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to University of Virginia

Renting in University of Virginia is unaffordable for most median earners. The $17,192 income gap means a 2-bedroom at $1,605/month requires significant above-median earnings or a dual-income household to be sustainable.

For those committed to University of Virginia, the realistic options are: (1) target a studio at $1,124/month, which requires $44,960/year — closer to the median; (2) find a roommate for a 2-bedroom, cutting individual costs to ~$803/month; or (3) negotiate remote work and live in a more affordable Virginia city.

To live comfortably in University of Virginia without financial strain, you realistically need a household income of $96,300 or higher. This isn't just about rent — it accounts for Virginia's overall cost of living including transportation, food, and healthcare.

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 University of Virginia, Virginia.

With a total population of 9,648, the city supports an active civilian workforce of 2,909 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $64,200 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

2,909

Active civilian employees in University of Virginia

Frequently Asked Questions About Renting in University of Virginia

What salary do I need to live in University of Virginia, Virginia?

To afford a 2-bedroom in University of Virginia under the 30% rule, you need an annual salary of at least $64,200. The median household income in University of Virginia is $47,008.

Can I afford a 2-bedroom in University of Virginia on $47,008?

The affordability verdict for University of Virginia is "Unaffordable". The rent-to-income ratio is 41.0%, meaning there's a $17,192 income gap.

What is the average rent in University of Virginia compared to median income?

The median gross rent in University of Virginia is $1,332/month. With a median household income of $47,008, residents spend approximately 41.0% of their income on rent.

What salary do I need for a studio in University of Virginia?

A studio in University of Virginia rents for approximately $1,124/month. Under the 30% rule, you need an annual salary of $44,960 to afford this.

Is University of Virginia considered an affordable place to live?

Based on the deficit of $17,192 and an affordability verdict of "Unaffordable", University of Virginia is considered a unaffordable rental market when comparing the required 2-bedroom salary of $64,200 to the local median household income.

How University of Virginia Compares

Other cities in Virginia with salary requirements