23227 Richmond, VA is a great place to live for those seeking an affordable lifestyle. The two bedroom rent in this area is $1,150, which is significantly less than the national average of $1,430. This makes it an attractive option for families or individuals looking to save on housing costs. Grocery costs are also quite low with the Grocery Cost Index being 99 for this part of Virginia compared to 100 in the US as a whole.
The 23227 Richmond area also offers many local businesses that provide goods and services to the community. Some popular stores include Kroger and Walmart Supercenter for groceries, Home Depot and Lowe's for home improvement supplies, and TJ Maxx for clothing items. Additionally, there are numerous restaurants such as Old Navy BBQ & Grill and Winner's Barbecue that offer tasty cuisine options.
Overall, 23227 Richmond offers a friendly atmosphere with a variety of amenities at an affordable cost of living. With its lower rents and grocery prices compared to the national average, it can be a great option for people looking to stretch their budget further while still enjoying all that life in Richmond has to offer.
Richmond (zip 23227) has an unemployment rate of 7.1%. The US average is 6.0%.
Richmond (zip 23227) has seen the job market decrease by -5.6% 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 23227)
- The Sales Tax Rate for Richmond (zip 23227) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Richmond (zip 23227) 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 23227)
- The average income of a Richmond (zip 23227) resident is $39,955 a year. The US average is $37,638 a year.
- The Median household income of a Richmond (zip 23227) resident is $58,083 a year. The US average is $69,021 a year.