The short version
- Social Security taxed?
- No
- Income tax
- Brackets 2%–5.75%
- Property tax on a $300,000 home
- ≈ $2,340 / yr ($195 / mo)
- Everyday cost index (U.S. = 100)
- 101
- January / July high
- 47°F / 89°F
- Sales tax (state + local avg)
- 5.77%
Retiring in Virginia
Mild four seasons, no tax on Social Security, and low sales tax. Watch out: Northern Virginia prices, and pensions get only a modest deduction.
How Virginia taxes your retirement income
Social Security: not taxed at all.
Pensions: Pensions taxed; $12,000 age deduction at 65+ (income limits apply).
401(k) and IRA withdrawals: 401(k)/IRA withdrawals taxed; the age deduction offsets some.
The setup: Brackets 2%–5.75%.
Property tax & senior breaks
The average effective property tax rate is about 0.78% — roughly $2,340 a year ($195 a month) on a $300,000 home. Your county sets the real number.
Help for seniors: Many counties offer real estate tax relief for homeowners 65+ (local rules vary).
Try your own home value in the Property Tax Estimator.
Everyday costs & sales tax
Overall cost of living runs about 1% above the U.S. average. The combined state and average local sales tax is 5.77%.
Weather
January days top out around 47°F and July days around 89°F, with roughly 210 sunny days a year. Watch out for: Hurricanes near the coast; ice storms inland.
Healthcare
Strong care in Northern Virginia and Richmond (UVA, Inova); the southwest is thinner.