Virginia · Census, HUD and BEA figures · Updated

Cost of Living in Goochland County, VA

Prices around Goochland County, VA run 2.1% below the U.S. average (BEA, the metro area). The typical household there earns $118,931 a year, and HUD puts a two-bedroom at $1,655 a month. Keeping that rent under 30% of income takes about $66,200 a year.

Goochland County, VA at a glance

Median household income

$118,931$9,911 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,655HUD FY2026 Fair Market Rent
Price level (U.S. = 100)97.9-2.1% · BEA, the metro area
Electricity17.2¢per kWh · EIA Residential VA
Population26,410Census ACS 5-year estimate

How much rent can you afford in Goochland 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$1,655Monthly market rent
Share of gross income16.7%Recommended max: 30%
Annual income needed$66,200To meet the 30% standard
Max affordable rent$2,973At 30% of $118,931
0%30% (Affordability standard)100%
Compare against:

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

HUD's fiscal 2026 Fair Market Rents for Richmond, VA HUD Metro FMR Area, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Goochland County, VA, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$1,442$17,304$57,68014.5%
1-Bedroom Apartment$1,507$18,084$60,28015.2%
2-Bedroom ApartmentBenchmark$1,655$19,860$66,20016.7%
3-Bedroom Home$2,072$24,864$82,88020.9%
4-Bedroom Home$2,553$30,636$102,12025.8%

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

What a typical income covers in Goochland County, VA

The 50/30/20 rule applied to the local median of $118,931 a year ($9,911 a month before tax).

Needs (50%)$4,955/moRent ($1,655 2-BR), utilities (~$155/mo), groceries, transit
Wants (30%)$2,973/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$1,982/moEmergency fund, retirement, paying down loans

What $118,931 leaves after Virginia taxes

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

$118,931
$45,000$240,000
Filing status:
Gross salary breakdown$118,931
Net 73%
Fed 15%
VA 5%
FICA 8%
Annual take-home$86,474After all taxes
Monthly deposit$7,206Estimated per month
Biweekly paycheck$3,326Every 2 weeks (26/yr)
Effective tax rate27.3%Total tax burden
Federal income tax$17,335 / yr
Virginia state income tax$6,024 / yr
FICA (Social Security & Medicare)$9,098 / yr

Living in Goochland County, VA: common questions

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

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Goochland County, VA is $118,931 per year (approximately $9,911 per month).

What is the average rent in Goochland County, VA?

The closest official figure is HUD's Fair Market Rent for 2026: $1,442 for a studio, $1,507 for one bedroom, $1,655 for two, $2,072 for three and $2,553 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 Goochland County, VA expensive to live in?

Prices there run 2.1% below the U.S. average. BEA's regional price parity for the metro area is 97.9, 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 Goochland County, VA?

To keep a $1,655 two-bedroom under 30% of gross income, a household needs about $66,200 a year, or $5,517 a month. That is 56% of what the typical household in Goochland County, VA earns.

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

On the local median income of $118,931 ($9,911 a month before tax), the 50/30/20 rule leaves $4,955 a month for needs like rent, utilities and groceries, $2,973 for everything else and $1,982 for savings or debt. A two-bedroom at $1,655 takes 33% of the needs share.

How much is the electric bill in Goochland 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.