Can A Carpenter Afford Rent in Palmyra, VA?

Rent-burdened — rent takes 40.3% of gross income.

Palmyra rent: June 2026. Salary: BLS OEWS May 2024 (Virginia state estimate).

Palmyra median rent
$2,089/mo
Carpenter salary (Virginia)
$62,159/yr
Rent as % of income
40.3%
Gross monthly income works out to about $5,180, and the 30% rule supports up to $1,554/mo in rent. Palmyra's median rent of $2,089 exceeds that threshold by $535/mo, putting a carpenter salary into the rent-burdened range here. A carpenter works roughly 69.9 hours a month to cover that rent.

About rent and a carpenter salary

Carpenter pay sits modestly above the US median household income and covers comfortable rent in most lower- and mid-cost metros. Union carpenters in high-cost cities often earn well above the BLS mean. At the national-average carpenter salary, the 30% rule supports about $1,524 a month in rent.

Cheaper rent nearby

These Virginia cities have lower median rent than Palmyra, which improves the affordability math on a carpenter salary:

Huntington, VA
$2,088/mo (40.3% of income)
Spotsylvania, VA
$2,087/mo (40.3% of income)
Mechanicsville, VA
$2,086/mo (40.3% of income)

Compare with full rent data for Palmyra

View full rent data for Palmyra, VA

Frequently asked questions

Can a carpenter afford rent in Palmyra, VA?

Median rent in Palmyra is $2,089 a month. A typical carpenter in Virginia earns about $62,159 a year, which makes that rent 40.3% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.

How much rent can a carpenter afford in Palmyra?

Using the 30% rule, a carpenter salary in Virginia (~$62,159/yr) supports up to $1,554 a month in rent. Palmyra's current median rent is $2,089/mo, which is $535/mo over the affordability threshold.

How many hours does a carpenter work to cover rent in Palmyra?

At an hourly equivalent of about $30 an hour, a carpenter in Virginia works roughly 69.9 hours a month to cover Palmyra's median rent of $2,089.

Where is rent cheaper than Palmyra for a carpenter?

Nearby Virginia cities with lower median rent include Huntington ($2,088/mo), Spotsylvania ($2,087/mo), Mechanicsville ($2,086/mo). Each shifts the affordability math materially on a carpenter salary.

Methodology: Salary uses the BLS-derived Virginia state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Palmyra, VA. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.