Cost of Living / Richmond, VA Metro
Cost of Living in Richmond, VA Metro
Official metro name: Richmond, VA Metro Area
Richmond, VA Metro has a population of 1,316,145. Median household income is $80,877 and median rent is $1,307 per month. Rent is roughly 19.4% of median monthly income.
State: VAPopulation: 1,316,145Income: $80,877Rent: $1,307Affordability: Affordable (19.4%)
Median Household Income
$80,877
Annual (ACS median)
Median Rent
$1,307
Monthly (ACS median gross rent)
Rent as % of Income
19.4%
rent ÷ (income/12)
Cost Index
108
Simplified relative index
Is Richmond, VA Metro expensive?
Based on median rent and income, Richmond, VA Metro has a Affordable rent burden. Median rent is $1,307, which is about 19.4% of median monthly household income.
Average rent in Richmond, VA Metro
Median rent (ACS) is $1,307 per month. (Neighborhoods vary widely.)
How much income do you need in Richmond, VA Metro?
Median household income (ACS) is $80,877 per year. Housing costs take a bigger share of income when rent burden is high.
Other metros in VA
Compare Richmond, VA Metro with nearby metros:
Data sources
- US Census Bureau American Community Survey (ACS).
- Affordability metric: median rent ÷ (median household income / 12).
- Figures are metro-level medians; local variation is expected.