Housing costs in Richmond?
A typical home costs
$327,700, which is 3.1% less expensive than the national average of
$338,100 and 4.5% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Richmond costs
$1,550 per month, which is 10.7% more than the national average of
$1,400 and 14.2% more than the state average of
$1,330.
Can I afford Richmond?
To live comfortably in Richmond (zip 23236), Virginia, a minimum annual income of
$62,640 for a family, and
$55,200 for a single person is recommended.
What does A.I. say about Richmond?
The cost of living in 23236 Richmond, VA is quite reasonable compared to many other cities across the United States. According to BestPlaces, the city has an overall cost of living index score of 72, which is 7% below the national average. Groceries, health care and rent are all relatively affordable in this area when compared to similar locales. In fact, BestPlaces reports that groceries prices in Richmond are actually 8% lower than the national average. The median home price in Richmond is also significantly lower than the national median at $220,200 versus $231,200. With such a low cost of living alongside a high level of quality life amenities available, Richmond proves to be an attractive option for those looking for a great place to live.