Housing costs in Richmond?
A typical home costs
$329,900, which is 2.4% less expensive than the national average of
$338,100 and 3.9% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Richmond costs
$1,330 per month, which is 7.0% more than the national average of
$1,430 and 5.3% cheaper than the state average of
$1,400.
Can I afford Richmond?
To live comfortably in Richmond Virgi Metro Area, Virginia, a minimum annual income of
$63,360 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Richmond?
The cost of living in the Richmond, VA Metro Area is 96.7, which is below the US average of 100. This means that the city offers an affordable lifestyle compared to other areas in the United States. In addition to this, the median house value in Richmond is $329,900, which is lower than the US average of $338,100. These factors make Richmond a great place to live and work for those looking for a more affordable cost of living without sacrificing quality of life.