Housing costs in Richmond?
A typical home costs
$414,700, which is 22.7% more expensive than the national average of
$338,100 and 20.8% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Richmond costs
$1,730 per month, which is 23.6% more than the national average of
$1,400 and 23.1% more than the state average of
$1,330.
Can I afford Richmond?
To live comfortably in Richmond (zip 23226), Virginia, a minimum annual income of
$79,560 for a family, and
$61,200 for a single person is recommended.
What does A.I. say about Richmond?
The cost of living in 23226 Richmond, VA is relatively high compared to other nearby cities. The overall cost of goods and services is 18% higher than the national average, with housing costs being 31% higher than the national average. Although some aspects such as healthcare, transportation, and utilities are slightly lower than the national average, food and miscellaneous expenses tend to be quite a bit higher. Those looking to move to this area should consider all their expenses carefully before making any decisions.