Zip 23222 (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 23222), 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 23222 (Richmond, VA)

Housing costs in Richmond?
A typical home costs $267,200, which is 21.0% less expensive than the national average of $338,100 and 22.1% less expensive than the average Virginia home, at $343,200. Renting a two-bedroom unit in Richmond costs $1,130 per month, which is 19.3% cheaper than the national average of $1,400 and 17.7% cheaper than the state average of $1,330.

Can I afford Richmond?
To live comfortably in Richmond (zip 23222), Virginia, a minimum annual income of $51,120 for a family, and $40,000 for a single person is recommended.

What does A.I. say about Richmond?
The cost of living in Richmond, VA 23222 is relatively high compared to the national average. The median home value is around $305,000 and the cost of renting a one-bedroom apartment is approximately $1,200 per month. Transportation expenses are also higher than average due to the lack of public transportation options available in the city. Groceries and healthcare costs are more expensive than other locations as well. Despite these higher costs, Richmond offers a variety of restaurants and cultural activities that make it an attractive place to live for many people.
   Cost of living score
     CategoriesRichmondVirginiaUnited States

   100=National Average

   Average Rent by Bedroom Size