Cost of Living in Richmond city, VA

Modeled annual cost: $55,755.

Median family income: $84,119.

Affordability Snapshot

VA County Median

$48,616

State Rank

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

Median Income

$84,119

Location Type

Metro

Biggest category:

Housing is the biggest expense in Richmond city, VA.

$16,784 per year.

Cost breakdown

Total

$55,755

Per year

  • Housing:$16,784
  • Taxes:$11,784
  • Transport:$10,732
  • Other Costs:$6,769
  • Food:$5,019
  • Healthcare:$4,665
  • Childcare:$0

* 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

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.

Use the Cost of Living Map Launch WatchPennies cost of living map
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Cost of Living in Richmond city, VA (2026)