Zip 23221 (Richmond, VA) Cost of Living

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Richmond cost of living score
Less expensive
4.8% lower
than the US average
8.6% lower
than the Virginia average
Richmond (zip 23221), Virginia gets a BestPlaces Cost of Living score of 95.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.8% lower than the U.S. average and 8.6% lower than the average for Virginia.

Zip 23221 (Richmond, VA)

Housing costs in Richmond?
A typical home costs $457,700, which is 35.4% more expensive than the national average of $338,100 and 33.4% more expensive than the average Virginia home, at $343,200. Renting a two-bedroom unit in Richmond costs $1,500 per month, which is 7.1% more than the national average of $1,400 and 11.3% more than the state average of $1,330.

Can I afford Richmond?
To live comfortably in Richmond (zip 23221), Virginia, a minimum annual income of $87,840 for a family, and $53,200 for a single person is recommended.

What does A.I. say about Richmond?
The cost of living in 23221 Richmond, VA is slightly higher than the national average. Prices for housing can range from $370,000 to over $1 million depending on the size and location of the house. The average monthly rent in 23221 is about $1,200. Other living expenses such as groceries, utilities, transportation, and healthcare are all relatively affordable in this area. Taxes are also manageable compared to other parts of Virginia. Overall, living expenses in 23221 Richmond, VA can be considered affordable for most people when compared to other cities in the state or nationally.
   Cost of living score
     CategoriesRichmondVirginiaUnited States

   100=National Average

   Average Rent by Bedroom Size