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As of 2008, the rental vacancy rate in Staunton stood at 8%, relatively low compared to the rest of the country. There are about 50,925 housing units, averaging $172,000 in value, 27% of which are occupied by renters. The rent to price ratio in Staunton is 0.4%, slightly higher than the Virginia average. For 23% of Staunton tenants, 30% or more of their income goes to paying rent.
Staunton has a population of 116,047, comprised of 46,309 households, with on average 2 members per household. Out of approximately 57,167 people in the civilian workforce, 55,074 (96%) were employed in 2008. 83% of the population 25 and older has earned a high school diploma, with 21% holding a 4 year college degree.