Cost of Living in Fort Lee, VA

With a cost of living index of 114, Fort Lee, VA is somewhat more expensive than average. Living here is 14% more expensive than the national average and 10% above the Virginia state average of 104. Fort Lee is a smaller community of 8,318 residents, where everyday costs can differ substantially from nearby larger cities.

The median household income in Fort Lee is $81,105, which is 8% higher than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Everyday prices in the Richmond, VA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.