Cost of Living in Urbanna, VA

With a cost of living index of 93, Urbanna, VA is slightly more affordable than average. Living here is 7% cheaper than the national average and 12% below the Virginia state average of 104. Urbanna is a small community of 460 residents.

Housing costs are the biggest factor in Urbanna's cost of living. The median monthly rent is $1,076 (18% below the US median of $1,319), and the median home value sits at $307,700 (1% above the national median of $304,900). At current prices, the median home costs roughly 5.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Urbanna is $54,167, which is 28% lower than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Urbanna. The area sees an average annual temperature of 59.5°F, with summers averaging 77°F and winters around 42°F. Annual rainfall totals 45.1 inches spread over roughly 129 days.

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.