Key Economic Benchmarks
Median Household Income
$47,313$3,943 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Tazewell County, VA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Tazewell County, VA
Official FY2026 HUD Fair Market Rents for Tazewell County, VA. 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 | $727 | $8,724 | $29,080 | 18.4% |
| 1-Bedroom Apartment | $732 | $8,784 | $29,280 | 18.6% |
| 2-Bedroom ApartmentBenchmark | $914 | $10,968 | $36,560 | 23.2% |
| 3-Bedroom Home | $1,096 | $13,152 | $43,840 | 27.8% |
| 4-Bedroom Home | $1,252 | $15,024 | $50,080 | 31.8% |
50/30/20 Living Budget in Tazewell County, VA
Based on the local median household income of $47,313/year ($3,943/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 Tazewell County, VA
What is the median household income in Tazewell County, VA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Tazewell County, VA is $47,313 per year (approximately $3,943 per month).
What is the average rent in Tazewell County, VA?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Tazewell County, VA are $727 for a studio, $732 for 1 bedroom, $914 for 2 bedrooms, $1,096 for 3 bedrooms, and $1,252 for 4 bedrooms.
How does the cost of living in Tazewell County, VA compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Tazewell 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 Tazewell County, VA?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($914/month) in Tazewell County, VA requires a minimum gross household income of $36,560 per year ($3,047 per month).
What is a balanced 50/30/20 monthly budget in Tazewell County, VA?
For a typical household earning the median income of $47,313/year ($3,943/month) in Tazewell County, VA, a balanced 50/30/20 budget allocates $1,971/month to essential needs (rent, utilities, groceries), $1,183/month to discretionary spending, and $789/month to savings and debt repayment.
What are typical electricity and utility costs in Tazewell 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.