Housing costs in Richmond?
A typical home costs
$327,100, which is 3.3% less expensive than the national average of
$338,100 and 4.7% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Richmond costs
$1,320 per month, which is 7.7% cheaper than the national average of
$1,430 and 6.1% cheaper than the state average of
$1,400.
Can I afford Richmond?
To live comfortably in Richmond, Virginia, a minimum annual income of
$62,640 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Richmond?
Richmond, Virginia is quickly becoming one of America's premier destinations for those looking for excellent quality-of-life without spending too much. Homeowners can select among various housing choices ranging from affordable single family homes to high end condos - while renters also have access to lots of great deals nowadays as well. In addition, food and transportation costs are much lower than other major US cities - giving you more value for your dollar if you decide on Richmond as your home.