Zip 23227 (Richmond, VA) Cost of Living


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with insight into cost of living, crime, climate, and more.
How much do I need to live in Richmond, Virginia?
$5,250 / month
for a family, 2.8% less expensive than the national average A total of $63,000 for the year for a family.
$3,400 / month
for a single person, 28.7% less expensive than the national average A total of $40,800 for the year for a single person.

Richmond cost of living score
97.6
Less expensive
2.4% lower
than the US average
6.3% lower
than the Virginia average
Richmond (zip 23227), Virginia gets a BestPlaces Cost of Living score of 97.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 2.4% lower than the U.S. average and 6.3% lower than the average for Virginia.

Zip 23227 (Richmond, VA)

Housing costs in Richmond?
A typical home costs $328,600, which is 2.8% less expensive than the national average of $338,100 and 4.3% less expensive than the average Virginia home, at $343,200. Renting a two-bedroom unit in Richmond costs $1,150 per month, which is 17.9% cheaper than the national average of $1,400 and 15.7% cheaper than the state average of $1,330.

Can I afford Richmond?
To live comfortably in Richmond (zip 23227), Virginia, a minimum annual income of $63,000 for a family, and $40,800 for a single person is recommended.

What does A.I. say about Richmond?
The cost of living in 23227 Richmond, VA is relatively high when compared to other parts of the country. According to BestPlaces, the average monthly rent for a 1 bedroom apartment in this zip code is around $1,100 per month. Groceries and basic everyday items can also be quite expensive due to the area's higher than average income level. Eating out can also be costly, with an average meal at a mid-range restaurant costing $25 or more. Despite these costs, Richmond is a vibrant and exciting city with plenty of attractions and activities for residents to enjoy.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesRichmondVirginiaUnited States
    Unlock104.2100.0
  99.2  Unlock100.0
    Unlock103.1100.0
  106.5  Unlock100.0
    Unlock$343,200$338,100
  98.9  Unlock100.0
    Unlock99.4100.0
  142.0  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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