Richmond Metro Area, VA Cost of Living


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United States / Virginia / Richmond Metro Area / Counties / Cities / Zip Codes
How much do I need to live in Richmond, Virginia?
$5,280 / month
for a family, 2.2% less expensive than the national average A total of $63,360 for the year for a family.
$3,933 / month
for a single person, 17.5% less expensive than the national average A total of $47,200 for the year for a single person.

Richmond cost of living score
96.7
Less expensive
3.3% lower
than the US average
7.2% lower
than the Virginia average
Richmond Virgi Metro Area, Virginia gets a BestPlaces Cost of Living score of 96.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 3.3% lower than the U.S. average and 7.2% lower than the average for Virginia.

Richmond Metro Area, VA

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.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesRichmondVirginiaUnited States
    Unlock104.2100.0
  98.5  Unlock100.0
    Unlock103.1100.0
  97.1  Unlock100.0
    Unlock$343,200$338,100
  101.2  Unlock100.0
    Unlock99.4100.0
  133.0  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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