Cost of Living in Prince george, VA
Housing
The housing market plays a significant role in determining the cost of living in Prince george, VA.
- Housing Index: 85.0 / 100
- Median Home Price is: $293,000
- Average Rent (2 BR Apartment): $1251 per month
- Average Rent (2 BR House): $1360 per month
When considering a move to Prince george, VA, the housing index of 85.0 indicates that the market remains relatively affordable. The median home price of 293000 is manageable for many buyers, while average rents for a 2-bedroom apartment reach 1251 and for a 2-bedroom house are 1360. Compared to national averages, this suggests a balanced market for renting versus buying. Additionally, keep in mind that while housing costs are vital, you should also evaluate factors such as local employment rates, schools, and lifestyle amenities to ensure a well-rounded decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Prince george, VA.
- Electricity Price: $15.31 USD (median by state)
- Natural Gas Price: $19.91 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Prince george, VA could entail higher utility costs. Electricity costs sit at $15.31, while natural gas is priced at $19.91 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Prince george is a financially viable option for your relocation.