Cost of Living in Richmond city, VA
What does it cost to live in Richmond city? Income, housing, and affordability breakdown.
Median Income
$59,606
Median Rent
$1,227/mo
Median Home
$308,300
Affordability
263
Housing Cost Breakdown
Owning (20% down, 6.5%)
Renting
Living in Richmond city, Virginia
Richmond city has a median household income of $59,606 with housing costs that represent 38% of income for owners and 24.7% for renters. Housing costs exceed the recommended 30% threshold, suggesting affordability challenges.
The affordability index of 263 (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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