1st Advantage MortgageIn Fredericksburg city, Virginia, the typical household earns $86,071 a year and the typical rent is $1,619. Whatever your own numbers, compare written offers on APR, fees and total cost, and verify the lender is licensed in Virginia before sharing details.
On this page
- Who lives in Fredericksburg city
- Paychecks and income spread in Fredericksburg city
- Renting and owning in Fredericksburg city
- Work, industries and travel time in Fredericksburg city
- Fredericksburg city towns compared
- The counties around Fredericksburg city
- Fredericksburg city households compared
- Before borrowing in Fredericksburg city
- Debt-to-income at Fredericksburg city's medians
- Before you sign
- Licensing and complaints for Fredericksburg city
- More guides for Fredericksburg city
- Frequently asked questions
Who lives in Fredericksburg city
With an estimated 28,873 residents (ACS 2020 to 2024), Fredericksburg city ranks 61st of 133 in Virginia for population. It covers 10 square miles of land, or about 2,763 people per square mile. It is one of the counties that make up the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan statistical area (OMB, 2023). Fredericksburg, with about 28,873 people, is the only Census place mainly inside the county.
Paychecks and income spread in Fredericksburg city
Fredericksburg city households have a median income of $86,071 (ACS 2020 to 2024), which ranks 36th of 133 in Virginia.
| Yearly household income | Fredericksburg city | Gap to Virginia |
|---|---|---|
| Under $35,000 | 20.8% | +2.9 pts |
| $35,000 to $99,999 | 38.3% | +3.0 pts |
| $100,000 to $199,999 | 23.8% | -5.4 pts |
| $200,000 or more | 17.1% | -0.6 pts |
Some 21% of households here live on less than $35,000 a year; 41% have six-figure incomes. The poverty rate is 13.2%, 3 points higher than the state's 9.9%. For a borrower in Fredericksburg city, the county median is only context: a lender looks at the income you can document, so pay stubs, benefit letters or tax returns matter more than any average.
Renting and owning in Fredericksburg city
Median gross rent, utilities included, comes to $1,619 in Fredericksburg city versus $1,579 statewide. 49% of renting households spend 30% or more of income on rent, and 25% spend half or more. Home values center on $483,700, or 5.6 years of median income. 40% of Fredericksburg city households own their home and 60% rent.
| Measure | Fredericksburg city | Virginia | Median U.S. county |
|---|---|---|---|
| Median gross rent | $1,619/mo | $1,579/mo | $877/mo |
| Median home value | $483,700 | $383,700 | $185,300 |
| Owners | 40% | 67% | 75% |
| Rent-burdened renters | 49% | 49% | 45% |
| Burdened owners | 23% | 25% | n/a |
| Mobile homes | 0.2% | 4.3% | n/a |
| Vacant units | 6% | 9% | n/a |
Renters cannot borrow against a house, which narrows the choice to unsecured loans, cards and help from creditors; compare total cost, not just the payment.
Work, industries and travel time in Fredericksburg city
The biggest employer of Fredericksburg city residents, by industry, is education and health care at 22% of workers, followed by professional and administrative services (18%). The survey's unemployment rate for Fredericksburg city averages 5.1% over 2020 to 2024 (state: 4.3%). Long commutes are common here: 28% of workers spend 45 minutes or longer getting to work. Households without a car make up 9.6% of the total (6.1% statewide).
| Industry | Share of Fredericksburg city workers | vs Virginia |
|---|---|---|
| Education and health care | 22.1% | -0.2 pts |
| Professional and administrative services | 17.8% | +1.1 pts |
| Public administration | 10.0% | +1.1 pts |
| Arts, lodging and food service | 9.8% | +1.9 pts |
| Retail trade | 9.6% | -0.2 pts |
| Transportation, warehousing and utilities | 6.3% | +1.5 pts |
Industry shapes paperwork. Salaried and public jobs are easy to verify, while hourly, tipped, commission or contract earners in Fredericksburg city should have bank statements and tax returns ready.
Fredericksburg city towns compared
Fredericksburg is the only Census place mainly inside Fredericksburg city, with about 28,873 of the county's 28,873 residents. This guide covers each of the 1 places and the rural areas around them.
| Town or CDP | Type | People | Median household income | Median gross rent | Miles from center |
|---|---|---|---|---|---|
| Fredericksburg | city | 28,873 | $86,071 | $1,619 | 0 mi |
The counties around Fredericksburg city
Nearest neighbors first, measured between county centers (9 to 28 miles). Stafford County leads the group on income ($137,807), Caroline County trails ($87,407), and Fredericksburg city out-earns 0 of the six. The list crosses into Maryland, where different lending rules and regulators apply.
| Nearby county | Center to center | Household income | Gross rent | Owner-occupied |
|---|---|---|---|---|
| Fredericksburg city | - | $86,071 | $1,619/mo | 40% |
| Stafford County, VA | 9 mi | $137,807 | $2,020/mo | 80% |
| Spotsylvania County, VA | 12 mi | $112,738 | $1,779/mo | 80% |
| King George County, VA | 18 mi | $116,884 | $1,428/mo | 76% |
| Caroline County, VA | 20 mi | $87,407 | $1,293/mo | 82% |
| Prince William County, VA | 28 mi | $131,402 | $2,067/mo | 74% |
| Charles County, MD | 28 mi | $122,816 | $1,920/mo | 82% |
Fredericksburg city households compared
College graduates make up 46% of the adult population. About 8% go without health insurance.
| Indicator | Fredericksburg city | All of Virginia | U.S. county median |
|---|---|---|---|
| Median age | 32.1 | 39.0 | 41.5 |
| Bachelor's or higher | 46.1% | 42.2% | 22.2% |
| No high school diploma | 7.8% | 8.4% | n/a |
| No health insurance | 7.7% | 6.9% | 7.8% |
| No vehicle | 9.6% | 6.1% | 5.4% |
| Work from home | 16.9% | 18.3% | 8.7% |
| Poverty rate | 13.2% | 9.9% | 13.2% |
| Unemployment (ACS) | 5.1% | 4.3% | 4.4% |
| Trip time | Share |
|---|---|
| Under 15 min | 31.3% |
| 15 to 29 min | 27.1% |
| 30 to 44 min | 14.0% |
| 45 to 59 min | 9.1% |
| 60+ min | 18.5% |
Before borrowing in Fredericksburg city
What the Fredericksburg city figures suggest, and what to check first:
- Keeping the car running. At 28% with long commutes, repairs are a frequent Fredericksburg city emergency; first decide if the car is worth fixing.
- Higher earners. 41% of households clear $100,000; shop at least three lenders and pick the shortest term.
- Renters under pressure. When 49% pay 30% or more for rent, the smallest loan that solves the problem is the right size.
Debt-to-income at Fredericksburg city's medians
The debt-to-income ratio is the main affordability test lenders use. Applied to Fredericksburg city's medians:
- Start: $7,173 gross per month ($86,071 / 12)
- Median rent: $1,619, or 23 cents of every gross dollar
- At 43%, room after rent is $1,465 a month
Two-income households and single earners in Fredericksburg city land in very different places on this math, so run it for your own budget.
Before you sign
Four checks before you sign anything:
- Size the loan to the bill, not to the most a lender offers.
- Ask each lender for the APR and all fees in writing.
- A Virginia license check takes minutes; do it first.
- Ask about early-payoff penalties.
Licensing and complaints for Fredericksburg city
No county office licenses personal lenders. For Fredericksburg city, check the Virginia Bureau of Financial Institutions. Problems with a lender can also go to the CFPB. More on Virginia: Virginia personal loans.
More guides for Fredericksburg city
The Virginia guide covers the whole state.
Frequently asked questions
What is the median household income in Fredericksburg city?
$86,071 a year in the 2020 to 2024 Census survey, versus $93,170 for Virginia. It ranks 36th of 133 in the state.
How does Fredericksburg city rent compare with Virginia?
$1,619 locally versus $1,579 for the state, 3% above.
Does this page cover Fredericksburg?
Yes, along with the other 0 Census places in Fredericksburg city.
Is the fit check different in Fredericksburg city?
No. It is identical everywhere, and it never looks at your neighborhood.
Where can someone in Fredericksburg city check a lender's license?
With the Virginia Bureau of Financial Institutions. If a lender is unlicensed or asks for a fee before funding, walk away.