Richmond, VA is a great place to live for young professionals, families and students. Richmond is located in the state of Virginia and has a population of approximately 233,040 people. The 2 bedroom rent in Richmond averages $1,200 per month which is lower than the US average of $1,430. Additionally, the Grocery Cost Index in Richmond is 94 versus 100 in the US.
Richmond offers numerous amenities to its residents including various parks, such as James River Park and Belle Isle Nature Preserve. There are also many historical sites to visit such as St John's Church or the White House of the Confederacy. Those looking for entertainment can visit one of Richmond’s art galleries or theaters like The National Theater or The Mosaic Theater. For shopping there are several renowned stores like Ellwood Thompson’s Local Market and Carytown Shopping District. Lastly, the city has an amazing food scene with notable restaurants like Comfort, The Roosevelt and Rappahannock Oyster Bar.
Richmond (zip 23224) has an unemployment rate of 7.1%. The US average is 6.0%.
Richmond (zip 23224) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Richmond (zip 23224)
- The Sales Tax Rate for Richmond (zip 23224) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Richmond (zip 23224) is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Richmond (zip 23224)
- The average income of a Richmond (zip 23224) resident is $15,693 a year. The US average is $28,555 a year.
- The Median household income of a Richmond (zip 23224) resident is $42,929 a year. The US average is $69,021 a year.