Washington-Arlington-Alexandria, VA vs Charlottesville, VA
A 2-bedroom in Charlottesville costs $422 less per month than Washington-Arlington-Alexandria ($1,824 vs $2,246). Median income is $123,896 in Washington-Arlington-Alexandria and $90,552 in Charlottesville. That's a difference of $5,064 per year in housing costs.
Side-by-Side Comparison
| Metric | Washington-Arlington-Alexandria | Charlottesville |
|---|---|---|
| Studio FMR | $1,953 | $1,421 |
| 1BR FMR | $2,015 | $1,602 |
| 2BR FMR | $2,246 | $1,824 |
| 3BR FMR | $2,835 | $2,218 |
| 4BR FMR | $3,332 | $2,731 |
| Median Income | $123,896 | $90,552 |
| Rent Burden | 21.8% | 24.2% |
| Actual Median Rent | $1,975 | $1,528 |
| Median Home Value | $553,000 | $397,600 |
| Population | 6.3M | 223K |
| Renter % | 36.5% | 34.2% |
| Vacancy Rate | 5.4% | 10.5% |
| Poverty Rate | 7.9% | 11.2% |
| YoY Change | +9.8% | +8.7% |
| Min Wage | $12.41/hr | $12.41/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Charlottesville, VA is more affordable with a 2BR FMR of $1,824/mo, which is $422 less than Washington-Arlington-Alexandria at $2,246/mo. However, when considering local incomes, Washington-Arlington-Alexandria has a rent burden of 21.8% vs 24.2% in Charlottesville.
A 2-bedroom in Washington-Arlington-Alexandria, VA costs $2,246/mo at Fair Market Rent, while in Charlottesville, VA it's $1,824/mo, a difference of $422/mo or $5,064/year.
To afford a 2BR without spending more than 30% of income on rent: Washington-Arlington-Alexandria requires $89,840/year ($43/hr). Charlottesville requires $72,960/year ($35/hr).