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.