Richmond cost of living index: 98/100 (100 = national avg). Median home $310,000, median income $51,642. See housing, groceries & more.
Population
226,610
Median Home Price
$310,000
Property Tax Rate
1.20%
Median Income
$51,642
Cost of Living
98/ 100
Richmond, VA has a cost of living index of 98, where 100 represents the national average. This index covers housing, groceries, utilities, transportation, and healthcare. A score above 100 means Richmond is more expensive than the typical American city.
Housing is usually the largest expense. The median home price in Richmond is $310,000, and the property tax rate is 1.20%. Rent prices generally correlate with the overall cost of living index. If you earn the local median household income of $51,642, housing affordability is a critical factor.
The median household income in Richmond is $51,642. When adjusted for the cost of living index of 98, your real purchasing power may be higher or lower than the raw salary suggests. Always compare salaries on a cost-adjusted basis when evaluating a move.
Use our free calculator with Richmond-specific data already filled in.
Open Richmond CalculatorPlanning a move to Richmond? Cost of living index: 98/100. Median home: $310,000. Median income: $51,642. Get the full relocation breakdown.
Median home price in Richmond: $310,000. Property tax rate: 1.20%. Get mortgage estimates, affordability analysis, and local market insights.
Median household income in Richmond: $51,642. Cost of living index: 98/100. See how far your salary really goes and compare local job market data.
Property tax rate in Richmond: 1.20%. Median home price: $310,000. Calculate your annual bill, compare to state averages, and find exemptions.
Should you rent in Richmond? Cost of living index: 98/100. Median income: $51,642. See how much rent you can afford and where to look.
What does commuting cost in Richmond? Population: 226,610. Median income: $51,642. Compare transit, driving, and biking options with real local data.
Median home in Richmond: $310,000. Tax rate: 1.20%. Compare Richmond neighborhoods by price, schools, and lifestyle to find the right fit.