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Cost of Living in Richmond, VA

105.2
Above Average · National average is 100

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$59,606
Median Income
$1,227/mo
Median Rent
$308,300
Median Home
227,171
Population

Cost Breakdown

🏠Housing
116.3
0Nat'l Avg (100)200
🛒Groceries
95.4
0Nat'l Avg (100)200
🚗Transportation
94.4
0Nat'l Avg (100)200
🏥Healthcare
95.1
0Nat'l Avg (100)200
⚡Utilities
95.6
0Nat'l Avg (100)200

Fair Market Rents (HUD)

Some values estimated
Studio1 BR2 BR3 BR4 BR
$957
est.
$1,080
est.
$1,227$1,571
est.
$1,791
est.

Est. values are derived from the census median rent using national HUD bedroom ratios. Actual HUD Fair Market Rents may differ.

Nearby Cities

Compare Richmond with cities in the area

Ashland, VA
Average
96.6
Colonial Heights, VA
Affordable
91.3
Hopewell, VA
Very Affordable
79.9
Petersburg, VA
Very Affordable
80.8
Bowling Green, VA
Very Affordable
81.2
Waverly, VA
Very Affordable
75.2
Compare Richmond vs AshlandCompare Richmond vs Colonial HeightsCompare Richmond vs Hopewell