Zip 23230 (Richmond, VA) Cost of Living

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Richmond cost of living score
Less expensive
2.4% lower
than the US average
6.3% lower
than the Virginia average
Richmond (zip 23230), 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 23230 (Richmond, VA)

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.
   Cost of living score
     CategoriesRichmondVirginiaUnited States

   100=National Average

   Average Rent by Bedroom Size