Zip 23225 (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 23225), 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 23225 (Richmond, VA)

Housing costs in Richmond?
A typical home costs $318,700, which is 5.7% less expensive than the national average of $338,100 and 7.1% less expensive than the average Virginia home, at $343,200. Renting a two-bedroom unit in Richmond costs $1,320 per month, which is 5.7% cheaper than the national average of $1,400 and close to the state average of $1,330.

Can I afford Richmond?
To live comfortably in Richmond (zip 23225), Virginia, a minimum annual income of $61,200 for a family, and $46,400 for a single person is recommended.

What does A.I. say about Richmond?
The cost of living in 23225 Richmond, VA is quite reasonable, with a median home price of around $200,000 and an average monthly rent of just over $1,100. The area also has a low unemployment rate and an overall healthy economy. There are numerous restaurants and shopping outlets in the area, making it easy for residents to find affordable options for entertainment or dining out. Additionally, transportation costs are low thanks to public transportation options like bus routes and bike lanes that make getting around a breeze. All in all, Richmond is a great place to live with an excellent cost of living.
   Cost of living score
     CategoriesRichmondVirginiaUnited States

   100=National Average

   Average Rent by Bedroom Size