Cost of Living in Prince George, VA

With a cost of living index of 102, Prince George, VA is right around the national average in cost. Living here is 2% more expensive than the national average and 3% below the Virginia state average of 104. Prince George is a small community of 2,066 residents.

Housing costs are the biggest factor in Prince George's cost of living. The median monthly rent is $1,529 (16% above the US median of $1,319), and the median home value sits at $254,300 (17% below the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Prince George is $71,831, which is 4% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Climate is another factor for anyone considering a move to Prince George. The area sees an average annual temperature of 58.9°F, with summers averaging 77°F and winters around 40°F. Annual rainfall totals 45.5 inches spread over roughly 119 days.

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.