Retirement Lists

Cost of Living in Fredericksburg, Virginia

The intersection of Caroline Street (Northbound US BUS 17) and Charoltte Street in Historic Downtown Fredericksburg, Virginia.
Photo by Ken Lund from Las Vegas, Nevada, USA via Wikimedia, CC BY-SA 2.0

Fredericksburg costs

A compact Virginia budget needs housing, taxes, flood review, parking, transit, and care visible

The catalog's 2024 ACS gross-rent anchors are $1,491 for one bedroom and $1,595 for two bedrooms, with a modeled local monthly estimate of $3,451. Census reports a $1,619 median gross rent and a $483,700 median owner-occupied value for 2020 to 2024. The city lists a $0.84 real-estate tax rate per $100 of assessed value plus a $0.01 fire tax for July 2026 through June 2027. Add utilities, insurance, maintenance, transportation, care, and regional trips.

Request current rent or purchase terms, assessed value and tax details, utility history, flood and insurance information, roof and drainage records, parking, bus stop, internet, vehicle costs, and the Mary Washington Hospital route. A compact home can still carry flood, parking, tax, traffic, or maintenance costs.

Planning a monthly budget

A local monthly estimate of $3,451 gives you the starting point, with housing taking the largest share.

Housing
$1,491
Utilities (in rent)
$250
Food
$460/mo
Transportation
$1,064/mo
Healthcare
$436

Utilities are included in housing so they are not added twice. The separate Utilities row is a reference estimate.

How the total can change

A traveler style stay, a couple household, and long term rent answer different planning questions.

Comfortable Living
$5,069

Moderate

Cost of Living for Couple
$4,768

Good

Typical 1BR Rent
$1,491

Very Good

Everyday expenses

Dining, transportation, taxes, and car needs can change how the monthly budget feels.

Dining Out
$225/mo

Excellent

Need for a Car
Required
Property Taxes
Low

Good

Overall Feel
Moderate
Residents 65+ Below Poverty Level
11.3%
65+ Householder — Renter Occupied
45.3%
65+ Households With High Housing Costs
42.4%
Median Household Income, Householder 65+
$62,907

Could Fredericksburg fit your monthly retirement budget?

Compare your monthly budget with a city estimate. Add your expected housing amount when you have a more useful number.

Housing

Enter your expected rent and required housing charges, or leave this blank to use the current renter amount.

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Starting renter estimates

Use these broad monthly estimates as a starting point, then replace them with costs you know.

One person
$3,451 per month
Two people
$4,768 per month

One-person estimate breakdown

Housing
$1,491
Food
$460
Transportation
$1,064
Healthcare
$436

Taxes, debt, insurance, out-of-pocket care, travel, and one-time moving costs may not be included.

Fredericksburg in everyday life

Could Fredericksburg work for you?

What may work well

  • Census, city tax, and product sources provide identifiable housing, tax, and budget anchors.
  • The hospital, river trails, parks, historic places, and transit provide concrete weekly resources.

What to think about

  • The citywide figures are planning references, not a personal retirement budget.
  • Taxes, flood exposure, parking, traffic, insurance, vehicle use, and regional care can change the total substantially.

Price a Fredericksburg household

  1. Compare several addresses

    Keep housing, city and fire taxes, utilities, insurance, flood, parking, transit, vehicle use, repairs, and service distance visible.

  2. Map recurring care

    Price Mary Washington Hospital, specialists, pharmacy, groceries, transit, fuel, parking, referrals, and aftercare.

  3. Reserve for rain and winter

    Keep room for heating, drainage, flood review, roof work, trees, insurance, power, roads, transit, and a ride after difficult weather.

Questions retirees ask

Are the Fredericksburg rent figures the full budget?

No. They are Census and product planning anchors. Add city and fire taxes, utilities, insurance, maintenance, transport, food, care, prescriptions, flood review, and regional trips.

Why do Fredericksburg homes have different budgets?

Taxes, flood exposure, drainage, parking, transit access, traffic, roof age, insurance, vehicle use, and care distance vary by address.

Fredericksburg affordability depends on the actual home, taxes, flood and weather plan, insurance, parking, transport, care, and services used each week.

Sources

The budget value gives a starting point for everyday spending. Housing, healthcare, safety, and climate can change what feels comfortable for a household.

Housing mix, exchange rates, healthcare needs, car ownership, and travel style can move a real monthly budget materially.

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How this city research is made

Retirement Lists uses documented public sources and methods to research, review, and correct city information. Read our Editorial Policy.