Cost of Living in Alexandria, Virginia
In Alexandria, the median household income is $119,681 and the median gross rent is $2,089/mo, with a median home value of $735,100. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $119,681
- Median gross rent
- $2,089/mo
- Median home value
- $735,100
- Population
- 156,976
How Alexandria compares to the Virginia average
| Measure | Alexandria, VA | Virginia statewide | Difference |
|---|---|---|---|
| Median household income | $119,681 | $93,170 | +28.5% |
| Median gross rent (monthly) | $2,089 | $1,579 | +32.3% |
| Median home value | $735,100 | $383,700 | +91.6% |
Statewide, Virginia prices average 101.1 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Alexandria
- Salary needed for median rent
- $83,560
- Rent burden at median income
- 20.9%
- Est. affordable home price
- $436,588
So that $2,089/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Alexandria is $735,100 — +68.4% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Virginia cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.