Housing costs in Richmond?
A typical home costs
$358,300, which is 6.0% more expensive than the national average of
$338,100 and 4.4% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Richmond costs
$1,390 per month, which is 0.7% cheaper than the national average of
$1,400 and 4.3% more than the state average of
$1,330.
Can I afford Richmond?
To live comfortably in Richmond (zip 23250), Virginia, a minimum annual income of
$68,760 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Richmond?
The cost of living in 23250 Richmond, VA is relatively high compared to other parts of the country. According to BestPlaces, the cost of living index for Richmond is 117, which is 17% higher than the national average. The median home value in 23250 Richmond, VA is $334,300 and the average rent for a one-bedroom apartment is $1,072 per month. Additionally, groceries are about 6% higher than the national average and utility costs are about 4% higher than the national average. Overall, living in 23250 Richmond can be expensive but it offers quality of life amenities that appeal to many people.