Cost of Living in Richmond city, VA

Modeled annual cost: $55,755.

Median family income: $84,119.

VA Median $48,616

Richmond city, VA Affordability at a glance

Median Income

$84,119

Estimated Annual Costs

$55,755

Cost/Income Ratio

66.3%

State Rank

#35Most expensive counties in VA out of 133See Virginia county rankings

Location Type

Metro

Biggest category:

Housing is the biggest expense in Richmond city, VA.

$16,784 per year.*30.10% of total modeled yearly costs.

Cost breakdown

Total

$55,755

Per year

  • Housing:
    $16,78430.1%
  • Taxes:
    $11,78421.1%
  • Transport:
    $10,73219.2%
  • Other Costs:
    $6,76912.1%
  • Food:
    $5,0199.0%
  • Healthcare:
    $4,6658.4%

* Percentages may not add up to 100% due to rounding.

Cheaper counties in Virginia

1Danville city, VA
$36,221
2Norton city, VA
$37,782
3Emporia city, VA
$39,854
4Martinsville city, VA
$40,151
5Smyth County, VA
$40,184

Popular comparisons in Virginia

Nearby cities housing context in Richmond city, VA

Richmond, VA→

See how Richmond city, VA compares across the country.

Explore our cost of living interactive map to compare Richmond city, VA with multiple counties in the United States.

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