Stafford County · Virginia · South · 29k residents
Fredericksburg, VA: economy, jobs & business costs
The site-selection read on Fredericksburg: labor costs, talent, corporate tax, energy, and business activity, with the Virginia median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,264/wk. Virginia's corporate income tax rate is 6%. Commercial electricity averages 8.7¢/kWh.
Compare Fredericksburg side by side
Avg. weekly wage
$1,264/wk
Corporate income tax
6%
Bachelor's degree or higher
46.1%
Commercial electricity
8.7¢/kWh
Economic momentum
How fast Fredericksburg's economy is moving, ranked against the US cities we track.
67/100
Heating
Ranks Fredericksburg's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $483,700 |
| Price per sq. ft. | $220 |
| Property tax rate | 0.87% |
| 1-bedroom rent | $1,491/mo |
| 2-bedroom rent | $1,595/mo |
| State & local income tax | 4.36% |
| Sales tax | 5.75% |
| Corporate income tax | 6% |
| Avg. weekly wage | $1,264/wk |
| Bachelor's degree or higher | 46.1% |
| Commercial electricity | 8.7¢/kWh |
| Businesses per 1k residents | 20.0/1k |
| Wage: Software developer | $154,930 |
| Wage: Registered nurse | $102,710 |
| Wage: General manager | $156,460 |
| Wage: Customer service | $46,220 |
| Wage: Warehouse worker | $37,870 |
| Wage: Heavy truck driver | $59,820 |
| Wage: Electrician | $75,930 |
| Wage: Retail salesperson | $36,610 |
| Cost of living index | 110 |
| Groceries index | 100 |
| Utilities | $175/mo |
| Transit pass | $70/mo |
| Gas price | $3.15/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,250/mo |
| Median household income | $86,071 |
| Unemployment rate | 2.9% |
| Population | 29k |
| Crime index | 32/100 |
| School rating | 6.8/10 |
| Walkability | 30/100 |
| Disaster risk | 65/100 |
| Avg. commute | 28 min |
| Sunny days / year | 210 days |
| July high | 89°F |
| January low | 25°F |
| Annual snowfall | 11 in |
| Home price YoY | +0.6% |
| Home price MoM | -0.1% |
| Rent YoY | +2.2% |
| Rent MoM | +0.7% |
| Employment (jobs) YoY | +11.1% |
| Building permits YoY | -32.4% |
| Ocean coast | 129 mi |
| Big lake | 125 mi |
| Mountains | 50 mi |
| Major airport | 43 mi |
| Ski resort | 69 mi |
Popular comparisons
Nearby
- Cherry Hill, VA · 26k
- Montclair, VA · 22k
- Leesylvania, VA · 22k
- Dale City, VA · 71k
- Woodbridge, VA · 44k
Similar size
- Tysons, VA · 29k
- Short Pump, VA · 29k
- Winchester, VA · 28k
- Springfield, VA · 31k
- West Falls Church, VA · 31k
Real listings in Fredericksburg
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Fredericksburg a good place to run a business?
- Virginia's corporate income tax rate is 6%; average weekly wages in the surrounding labor market run $1,264/wk; commercial electricity averages 8.7¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Fredericksburg, VA?
- Fredericksburg indexes at 110 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,595/mo and a acs median home value of $483,700.
- How much does a house cost in Fredericksburg?
- The acs median home value in Fredericksburg is $483,700 (Census ACS estimate; individual listings vary).
- How much is rent in Fredericksburg?
- A two-bedroom in Fredericksburg rents for about $1,595/mo.