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.