Housing costs in Richmond?
A typical home costs
$336,600, which is 0.4% less expensive than the national average of
$338,100 and 1.9% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Richmond costs
$1,350 per month, which is 3.6% 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 23230), Virginia, a minimum annual income of
$64,440 for a family, and
$47,600 for a single person is recommended.
What does A.I. say about Richmond?
Richmond, VA 23230 has a relatively high cost of living compared to other areas of the United States. The median home cost in the zip code is $220,900, which is higher than the national average. Additionally, groceries and healthcare costs are also higher than the national average. There is an estimated 25% difference between general living expenses in this area compared to the rest of the country. Residents may find budget-friendly options such as local grocery stores or low-cost transportation when it comes to day-to-day expenses, but housing costs remain high.