Housing costs in Richmond?
A typical home costs
$328,600, which is 2.8% less expensive than the national average of
$338,100 and 4.3% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Richmond costs
$1,150 per month, which is 17.9% cheaper than the national average of
$1,400 and 15.7% cheaper than the state average of
$1,330.
Can I afford Richmond?
To live comfortably in Richmond (zip 23227), Virginia, a minimum annual income of
$63,000 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Richmond?
The cost of living in 23227 Richmond, VA is relatively high when compared to other parts of the country. According to BestPlaces, the average monthly rent for a 1 bedroom apartment in this zip code is around $1,100 per month. Groceries and basic everyday items can also be quite expensive due to the area's higher than average income level. Eating out can also be costly, with an average meal at a mid-range restaurant costing $25 or more. Despite these costs, Richmond is a vibrant and exciting city with plenty of attractions and activities for residents to enjoy.