Key Economic Benchmarks
Median Household Income
$63,398$5,283 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Westmoreland County, VA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Westmoreland County, VA
Official FY2026 HUD Fair Market Rents for Westmoreland 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 | $973 | $11,676 | $38,920 | 18.4% |
| 1-Bedroom Apartment | $979 | $11,748 | $39,160 | 18.5% |
| 2-Bedroom ApartmentBenchmark | $1,194 | $14,328 | $47,760 | 22.6% |
| 3-Bedroom Home | $1,658 | $19,896 | $66,320 | 31.4% |
| 4-Bedroom Home | $1,810 | $21,720 | $72,400 | 34.3% |
See dedicated rental breakdown for Westmoreland County, VA →
50/30/20 Living Budget in Westmoreland County, VA
Based on the local median household income of $63,398/year ($5,283/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 Westmoreland County, VA
What is the median household income in Westmoreland County, VA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Westmoreland County, VA is $63,398 per year (approximately $5,283 per month).
What is the average rent in Westmoreland County, VA?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Westmoreland County, VA are $973 for a studio, $979 for 1 bedroom, $1,194 for 2 bedrooms, $1,658 for 3 bedrooms, and $1,810 for 4 bedrooms.
How does the cost of living in Westmoreland County, VA compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Westmoreland 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 Westmoreland County, VA?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,194/month) in Westmoreland County, VA requires a minimum gross household income of $47,760 per year ($3,980 per month).
What is a balanced 50/30/20 monthly budget in Westmoreland County, VA?
For a typical household earning the median income of $63,398/year ($5,283/month) in Westmoreland County, VA, a balanced 50/30/20 budget allocates $2,642/month to essential needs (rent, utilities, groceries), $1,585/month to discretionary spending, and $1,057/month to savings and debt repayment.
What are typical electricity and utility costs in Westmoreland 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.