Richmond cost of living
Cost of living in the city of Richmond
Richmond, VA had 1,370,165 people in the Census Vintage 2024 estimates. The HUD area used for rent is Richmond, VA HUD Metro FMR Area. The 2024 all-items regional price parity is 97.9, where the U.S. average is 100.
2-bedroom Fair Market Rent
$1,651
FY 2027, principal HUD area
Median gross rent
$1,546
ACS 2024 1-year
Goods prices
96.8
BEA goods RPP, 2024
Utilities prices
89.2
BEA utilities RPP, 2024
Mean commute
26.6 minutes
ACS S0801, workers who did not work from home
Median household income
$83,460
ACS 2024, 2024 dollars
Median real estate taxes divided by median home value in this metro are 0.71%. Childcare prices are not in the verified dataset.
Benefits in Virginia
Benefit rules in this tool follow the state, not the city. SNAP in Virginia · Medicaid · Virginia overview
Related comparisons
From Richmond
The eight largest 2-bedroom Fair Market Rent gaps from Richmond.
- Richmond and San Francisco · rent gap $2,046
- Richmond and San Jose · rent gap $1,621
- Richmond and Boston · rent gap $1,357
- Richmond and New York · rent gap $1,320
- Richmond and Los Angeles · rent gap $1,313
- Richmond and San Diego · rent gap $1,172
- Richmond and Miami · rent gap $913
- Richmond and Seattle · rent gap $898
Nearby metros
Next in the population ranking: Louisville, Memphis, Salt Lake City