Cost of Living in Fredericksburg, VA
Updated November 2026 · Fredericksburg city · Washington-Arlington-Alexandria, DC-VA-MD-WV metro area · population 28,873
Prices in Fredericksburg are 5.1% above the US average (local index 105.1; the BEA index for the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area is 108.9), with local housing the biggest cost driver at 112.6; a single adult's modelled budget is about $3,085 a month and the median rent is $1,619.
Prices by category
CostLiving local estimate. 100 = US average; 110 means prices are 10% higher. Housing reflects Fredericksburg's own median rent compared with the area's average rent; goods, utilities and other services are BEA's official price parities for the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area, unchanged.
Fredericksburg price index by category, US average = 100: All items 105.1, Housing (rents) 112.6, Goods 104.8, Utilities 106.7, Other services 102.3
It is the 9th most expensive of the 23 Virginia cities in our data. More expensive than 61% of the cities we cover.
| BEA index | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| All items | 109.8 | 111.4 | 111.6 | 111.2 | 109.5 | 108.9 |
Monthly budget by household type
1 adult · 1-bedroom · modelled estimate for Fredericksburg, VA
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $1,327 | $15,924 | 43% |
| Utilities | $291 | $3,492 | 9% |
| Food at home | $296 | $3,552 | 10% |
| Transportation | $637 | $7,644 | 21% |
| Health care | $360 | $4,320 | 12% |
| Clothing, personal care & supplies | $174 | $2,088 | 6% |
| Total | $3,085 | $37,020 | 100% |
2 adults · 2-bedroom · modelled estimate for Fredericksburg, VA
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $1,420 | $17,040 | 30% |
| Utilities | $461 | $5,532 | 10% |
| Food at home | $546 | $6,552 | 12% |
| Transportation | $1,264 | $15,168 | 27% |
| Health care | $667 | $8,004 | 14% |
| Clothing, personal care & supplies | $343 | $4,116 | 7% |
| Total | $4,701 | $56,412 | 100% |
2 adults + 2 children · 3-bedroom · modelled estimate for Fredericksburg, VA
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $1,679 | $20,148 | 29% |
| Utilities | $561 | $6,732 | 10% |
| Food at home | $779 | $9,348 | 14% |
| Transportation | $1,675 | $20,100 | 29% |
| Health care | $621 | $7,452 | 11% |
| Clothing, personal care & supplies | $443 | $5,316 | 8% |
| Total | $5,758 | $69,096 | 100% |
Modelled estimate of basic costs, excluding taxes, child care and savings. Housing is rent excluding tenant-paid utilities (counted under utilities). See how the budget is calculated.
Housing costs in Fredericksburg
Rent by number of bedrooms
| Size | Median rent |
|---|---|
| Studio | $1,430 modelled from city median rent |
| 1 bedroom | $1,491 |
| 2 bedrooms | $1,595 |
| 3 bedrooms | $1,886 |
| 4 bedrooms | $2,769 |
Median rent: Census ACS 2020-2024 median gross rent by bedrooms (rent plus tenant-paid utilities, all renters).
Rent, home values and affordability
| Measure | Value |
|---|---|
| Median gross rent | $1,619 |
| Median contract rent (excl. utilities) | $1,441 |
| Median home value | $483,700 |
| Owner costs with a mortgage | $2,367/mo |
| Median household income | $86,071 |
| Rent as % of renter income Moderate | 29.5% |
| Home value ÷ household income Expensive | 5.6× |
Census ACS 5-year 2020-2024.
Electricity and gas prices
Residential electricity in Virginia
17.64¢ per kWh, August 2026
12-month change: +11.3% (from 15.85¢) · US 18.16¢
Average household uses 1,066 kWh a month in Virginia ≈ $177/month. Source: EIA-861M (statewide average).
Regular gasoline regional figure: Lower Atlantic (PADD 1C)
$3.69 per gallon, week of 2026-11-02
12-month change: +30.9% (from $2.82) · US $4.15
EIA weekly retail price survey; Virginia is covered by the Lower Atlantic (PADD 1C) average.
Inflation in the South
Consumer prices in the South Census region rose +3.4% in the 12 months to September 2026 (US +3.7%). Nationally, food at home changed +1.8%, shelter +3.2% and energy +20.4%. Source: BLS CPI-U, not seasonally adjusted. CPI is published for regions and large metro areas, so the regional figure is shown.
Salary equivalent
Because prices in Fredericksburg are 5.1% above the US average, $60,000 here has the buying power of about $57,100 in an average-priced US area.
Formula: US-equivalent = salary × 100 ÷ 105.1. Based on the local cost index (CostLiving estimate from BEA RPP and Census rents); taxes not included.
Nearby cities
| City | Distance | Index | Budget (single) | Median rent |
|---|---|---|---|---|
| Dale City, VA | 25 mi | 108.4 | $3,001 | $1,876 |
| Manassas, VA | 31 mi | 108.0 | $3,320 | $1,850 |
| Centreville, VA | 37 mi | 113.8 | $3,566 | $2,299 |
| Waldorf, MD | 38 mi | 109.9 | $3,335 | $1,995 |
| Fairfax, VA | 40 mi | 113.1 | $3,574 | $2,245 |
| Alexandria, VA | 42 mi | 111.1 | $3,555 | $2,089 |
Cities with a similar cost of living
| City | Index | Budget (single) | Median rent |
|---|---|---|---|
| Burnsville, MN | 105.1 | $3,005 | $1,513 |
| Carmichael, CA | 105.1 | $3,187 | $1,702 |
| Brockton, MA | 105.1 | $3,056 | $1,641 |
| Bluffton, SC | 105.2 | $3,491 | $2,256 |
| Avondale, AZ | 105.2 | $3,149 | $1,832 |
| Missouri City, TX | 105.0 | $3,121 | $1,931 |
Compare Fredericksburg with another city
Frequently asked questions
Is Fredericksburg, VA an expensive place to live?
Fredericksburg has a local cost of living index of 105.1, which is 5.1% above the US average. This CostLiving estimate starts from the BEA Regional Price Parities 2024 for the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area (108.9) and adjusts housing to Fredericksburg's own rents. It is 4.0 points above the Virginia average. It is the 9th most expensive of the 23 Virginia cities in our data. More expensive than 61% of the cities we cover.
How much money do you need to live in Fredericksburg?
Our modelled estimate of basic monthly costs is $3,085 for a single adult, $4,701 for a couple and $5,758 for a family of four, before taxes, child care and savings. A $60,000 salary in an average-priced US area buys about the same as $63,100 in Fredericksburg.
What is the average rent in Fredericksburg?
The median gross rent (rent plus tenant-paid utilities) is $1,619 a month (Census ACS 2020-2024). By size: 1 bedroom $1,491, 2 bedrooms $1,595, 3 bedrooms $1,886. The typical renter spends 29.5% of household income on rent (moderate).
How much does a house cost in Fredericksburg?
The median owner-estimated home value is $483,700, 5.6 times the median household income of $86,071 (expensive). Owners with a mortgage pay a median $2,367 a month in housing costs.
How much is electricity and gas in Fredericksburg?
Virginia residential electricity averaged 17.64¢ per kWh in August 2026 (US 18.16¢). Regular gasoline was $3.69 a gallon (Lower Atlantic (PADD 1C) average, week of 2026-11-02).
Sources and notes
- Local cost index: CostLiving estimate from BEA Regional Price Parities 2024 for the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan statistical area (BEA index 108.9) with housing from Census ACS median rent (city figure); see the methodology.
- Rents, home values, income, population: U.S. Census Bureau ACS 5-year 2020-2024, Census place 5129744 (Fredericksburg city).
- Electricity: EIA-861M, Virginia residential average, August 2026.
- Gasoline: EIA weekly retail regular gasoline, Lower Atlantic (PADD 1C), week of 2026-11-02.
- Inflation: BLS CPI-U South region, September 2026.
- Budget baselines: BLS Consumer Expenditure Survey 2025; electricity use by household size: EIA RECS 2020.
- Gasoline price: regional figure (EIA publishes weekly prices for only 9 states).
Labels such as “county figure” or “state nonmetro figure” mark values that come from a larger area because the city-level figure is unavailable or unreliable. The monthly budget is a modelled estimate, not observed spending, and excludes taxes. This page is for general information and is not financial advice. Methodology · All sources