Cost of Living in Henrico County, VA

What does it cost to live in Henrico County? Income, housing, and affordability breakdown.

Median Income

$82,424

Median Rent

$1,380/mo

Median Home

$309,700

Affordability

369

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,566
Property Tax$191
Insurance$103

Total Monthly$1,860
% of Income27.1%

Renting

Median Rent$1,380
Renter's Insurance$25

Total Monthly$1,405
% of Income20.1%

Living in Henrico County, Virginia

Henrico County has a median household income of $82,424 with housing costs that represent 27.1% of income for owners and 20.1% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 369 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Virginia

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.