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Roanoke, VA Rent Affordability Calculator

The median rent in the Roanoke, VA area is $1,043 a month including utilities, which takes 18% of the median household income ($68,761). Paying it on 30% of income needs about $41,720 a year.

On $69,000 a year, 30% of income is $1,725 a month for rent. A $1,040 rent takes 18.1% of gross income; many landlords want income of 40 times the rent, $41,600.

Rent you can afford
$1,725 a month
That rent takes
18.1% of income
Income a landlord may ask for (40× rent)
$41,600

Rent you can afford in Roanoke, VA by income (30% rule)

IncomeAffordable rentAgainst the median rent
$40,000$1,000−4.1%
$60,000$1,50043.8%
$80,000$2,00091.8%
$100,000$2,500139.7%
$150,000$3,750259.5%

How this calculator works

Median gross rent and median household income for the Roanoke, VA metropolitan area, from the Census Bureau's American Community Survey 2020–2024 5-year estimates. Affordable rent is 30% of gross monthly income.

What it assumes

  • Medians across all rentals, of every size and age; new listings usually ask more.

Questions people ask

What is the average rent in Roanoke, VA?

The median gross rent is $1,043 a month, including utilities (Census American Community Survey 2020–2024 5-year estimates).

What salary do I need to live in Roanoke, VA?

To rent at the median on 30% of income, about $41,720 a year; many landlords ask for 40 times the rent, $41,720.

Is rent affordable in Roanoke, VA?

The median rent takes 18% of the median household income there, within the 30% guideline.

How does the cost of living in Roanoke, VA compare?

Overall prices are 6.4% below the US average, and housing 21.5% below (BEA, 2024).

Nearby and large metro areas

Related calculators

  • Rent Affordability CalculatorThe rent your income supports under the 30% guideline, what a given rent takes of your pay, and the income landlords often ask for, with median rents in large metro areas.
  • Roanoke, VA Cost of Living CalculatorPrices in the Roanoke, VA area are 6.4% below the US average, and housing 21.5% below (BEA, 2024). Compare a salary here with anywhere else.
  • Rent vs Buy CalculatorWhether buying or renting leaves you better off after the years you plan to stay, counting mortgage interest, tax, upkeep, selling costs and what a renter earns investing the down payment.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.