Virginia · Census, HUD and BEA figures · Updated

Cost of Living in Alleghany County, VA

Prices around Alleghany County, VA run 1.1% above the U.S. average (BEA, Virginia). The typical household there earns $56,188 a year, and HUD puts a two-bedroom at $914 a month. Keeping that rent under 30% of income takes about $36,560 a year.

Alleghany County, VA at a glance

Median household income

$56,188$4,682 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$914HUD FY2026 Fair Market Rent
Price level (U.S. = 100)101.1+1.1% · BEA, Virginia
Electricity17.2¢per kWh · EIA Residential VA
Population14,859Census ACS 5-year estimate

How much rent can you afford in Alleghany County, VA?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$914Monthly market rent
Share of gross income19.5%Recommended max: 30%
Annual income needed$36,560To meet the 30% standard
Max affordable rent$1,405At 30% of $56,188
0%30% (Affordability standard)100%
Compare against:

How much is rent in Alleghany County, VA? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Alleghany County-Clifton Forge city-Covington city, VA HUD Nonmet, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Alleghany County, VA, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$773$9,276$30,92016.5%
1-Bedroom Apartment$778$9,336$31,12016.6%
2-Bedroom ApartmentBenchmark$914$10,968$36,56019.5%
3-Bedroom Home$1,259$15,108$50,36026.9%
4-Bedroom Home$1,358$16,296$54,32029%

Rent in Alleghany County, VA, with the wage each unit needs →

What a typical income covers in Alleghany County, VA

The 50/30/20 rule applied to the local median of $56,188 a year ($4,682 a month before tax).

Needs (50%)$2,341/moRent ($914 2-BR), utilities (~$155/mo), groceries, transit
Wants (30%)$1,405/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$936/moEmergency fund, retirement, paying down loans

What $56,188 leaves after Virginia taxes

Federal income tax, Social Security, Medicare and Virginia tax on the local median income. Change the salary to see yours.

$56,188
$20,000$115,000
Filing status:
Gross salary breakdown$56,188
Net 80%
Fed 8%
VA 4%
FICA 8%
Annual take-home$44,910After all taxes
Monthly deposit$3,743Estimated per month
Biweekly paycheck$1,727Every 2 weeks (26/yr)
Effective tax rate20.1%Total tax burden
Federal income tax$4,563 / yr
Virginia state income tax$2,417 / yr
FICA (Social Security & Medicare)$4,298 / yr

Living in Alleghany County, VA: common questions

What is the median household income in Alleghany County, VA?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Alleghany County, VA is $56,188 per year (approximately $4,682 per month).

What is the average rent in Alleghany County, VA?

The closest official figure is HUD's Fair Market Rent for 2026: $773 for a studio, $778 for one bedroom, $914 for two, $1,259 for three and $1,358 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Alleghany County, VA expensive to live in?

Prices there run 1.1% above the U.S. average. BEA's regional price parity for Virginia is 101.1, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Alleghany County, VA?

To keep a $914 two-bedroom under 30% of gross income, a household needs about $36,560 a year, or $3,047 a month. That is 65% of what the typical household in Alleghany County, VA earns.

How much do you need to live comfortably in Alleghany County, VA?

On the local median income of $56,188 ($4,682 a month before tax), the 50/30/20 rule leaves $2,341 a month for needs like rent, utilities and groceries, $1,405 for everything else and $936 for savings or debt. A two-bedroom at $914 takes 39% of the needs share.

How much is the electric bill in Alleghany County, VA?

Homes in Virginia paid 17.2¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $155. Your bill depends mostly on heating and cooling.