Cost of Living
per year
per month
How Richmond's prices compare to the US city average across major spending categories.
Index: 100 = US city average. Values >100 mean more expensive, <100 means cheaper.
How far does your salary go in Richmond?
Your $100,000 in Richmond has the same purchasing power as $103,338 in the average US city. You'd need $3,338 less here to maintain that standard of living.
Demographics and workforce data from the US Census ACS 5-Year.
bachelor's or higher
Climate, safety, and walkability indicators.
See a side-by-side breakdown of cost of living, housing, and salaries.
Popular comparisons
Sorted by affordability — most affordable first.
Within 10 points of Richmond's cost index of 97, sorted by closest match.
Richmond, Virginia has a cost-of-living index of 97, which is 3% below the national average. The typical renter pays $1,227 per month. The median household earns $59,606 per year.
To match the lifestyle of a $70,000 earner in the average US city, you'd need about $67,739 per year in Richmond. Single renters typically want at least three times the $14,724 threshold to cover housing comfortably.
Richmond is near the US city average. Overall prices are 3% below the national average.