Housing costs in Richmond?
A typical home costs
$337,100, which is 0.3% less expensive than the national average of
$338,100 and 1.8% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Richmond costs
$1,530 per month, which is 9.3% more than the national average of
$1,400 and 13.1% more than the state average of
$1,330.
Can I afford Richmond?
To live comfortably in Richmond (zip 23220), Virginia, a minimum annual income of
$64,440 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Richmond?
The cost of living in 23220 Richmond, VA is higher than the national average. Housing prices are high, with the median home value being around $207,000 and the median rent being about $1,429. The overall cost of goods and services in the area is also expensive due to the high demand for housing and businesses in the area. Groceries, transportation, utilities, healthcare expenses, and other consumer goods and services tend to be higher than average in 23220 Richmond, VA when compared to other parts of the country.