Key Economic Benchmarks
Median Household Income
$70,795$5,900 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Southampton County, VA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Southampton County, VA
Official FY2026 HUD Fair Market Rents for Southampton County-Franklin city, VA HUD Nonmetro FMR Area. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $811 | $9,732 | $32,440 | 13.7% |
| 1-Bedroom Apartment | $817 | $9,804 | $32,680 | 13.8% |
| 2-Bedroom ApartmentBenchmark | $1,051 | $12,612 | $42,040 | 17.8% |
| 3-Bedroom Home | $1,346 | $16,152 | $53,840 | 22.8% |
| 4-Bedroom Home | $1,764 | $21,168 | $70,560 | 29.9% |
50/30/20 Living Budget in Southampton County, VA
Based on the local median household income of $70,795/year ($5,900/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Virginia
Explore net income after federal income tax, FICA, and Virginia state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Virginia with official federal datasets:
Frequently Asked Questions About Living in Southampton County, VA
What is the median household income in Southampton County, VA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Southampton County, VA is $70,795 per year (approximately $5,900 per month).
What is the average rent in Southampton County, VA?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Southampton County, VA are $811 for a studio, $817 for 1 bedroom, $1,051 for 2 bedrooms, $1,346 for 3 bedrooms, and $1,764 for 4 bedrooms.
How does the cost of living in Southampton County, VA compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Southampton County, VA is 101.1 (1.1% higher than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Southampton County, VA?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,051/month) in Southampton County, VA requires a minimum gross household income of $42,040 per year ($3,503 per month).
What is a balanced 50/30/20 monthly budget in Southampton County, VA?
For a typical household earning the median income of $70,795/year ($5,900/month) in Southampton County, VA, a balanced 50/30/20 budget allocates $2,950/month to essential needs (rent, utilities, groceries), $1,770/month to discretionary spending, and $1,180/month to savings and debt repayment.
What are typical electricity and utility costs in Southampton County, VA?
Residential electricity rates in Virginia average 17.2¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $155 per month.