Housing costs in Richmond?
A typical home costs
$243,000, which is 28.1% less expensive than the national average of
$338,100 and 29.2% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Richmond costs
$1,200 per month, which is 14.3% cheaper than the national average of
$1,400 and 10.8% cheaper than the state average of
$1,330.
Can I afford Richmond?
To live comfortably in Richmond (zip 23224), Virginia, a minimum annual income of
$46,440 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Richmond?
The cost of living in 23224 Richmond, VA is generally higher than the national average. This is due to the city's prime location, which offers access to many amenities and job opportunities. Housing costs are particularly high in this area. The median home price in 23224 Richmond, VA is around $230k with a median rent of $1,400 per month. Goods and services are comparatively expensive due to the area's vibrant local economy. Despite these higher costs, Richmond has become an increasingly popular city for people seeking a great quality of life in a bustling metropolitan environment.