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The average cost of living in Richmond is $2270, which is in the top 13% of the most expensive cities in the world, ranked 1195th out of 9294 in our global list, 1055th out of 2202 in the United States, and 20th out of 34 in Virginia.
Richmond, VA area prices were up 1.2% from a year ago. The largest increases were found in Transportation, Food, and Housing. By using Salary.com's Cost of Living Calculator, you can make a cost of living comparison of the Consumer Price Index (CPI) and salary differentials of over 300+ US cities.
Richmond, Virginia gets a BestPlaces Cost of Living score of 95.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.8% lower than the U.S. average and 8.6% lower than the average for Virginia.
Use the Forbes Advisor cost of living calculator to assess the cost of living in Richmond, VA and estimate your housing, transportation, healthcare and other costs.
Richmond, Virginia’s cost of living is 5% lower than the national average. Compare cost of living in Richmond with factors like salaries, housing expenses, groceries, utilities and more.
Summary of cost of living in Richmond, VA, United States: A family of four estimated monthly costs are 4,042.9$ without rent (using our estimator). A single person estimated monthly costs are 1,124.2$ without rent. Richmond is 37.7% less expensive than New York (without rent, see our cost of living index).
What is the cost of living in Richmond, VA? Use Redfin's cost of living calculator to explore expenses such as housing, groceries, and transportation.
Richmond Virgi Metro Area, Virginia gets a BestPlaces Cost of Living score of 96.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 3.3% lower than the U.S. average and 7.2% lower than the average for Virginia.
The cost of living in Richmond, VA is 4% lower than the state average and 4% lower than the national average. Richmond, VA housing is 15% cheaper than the U.S average, while utilities are about 2% pricier.
Find out how expensive cost of living is in Richmond, Virginia. Get a breakdown of food, housing, transportation, and health care cost.