Richmond, VA — Cost of Living
2024 data · BEA Regional Price Parities · U.S. Census ACS
97.9
Overall Index
100 = U.S. avg
$381,000
Median Home Price
Purchase
$1,650
Median Rent
Per month
$84,300
Median Income
Household
3.9%
Unemployment
Rate
226,610
Population
Residents
Category Cost Indices
🏠
99.1
Housing
🛒
96.8
Groceries
🚗
103.5
Transport
🏥
93.7
Healthcare
⚡
89.2
Utilities
100 = U.S. national average
Top Industries
FinanceHealthcareGovernmentManufacturingEducation
Compare Richmond Against Other Cities
Richmond vs Charlottesville, VA
Charlottesville index: 99.1
+1.2%
Richmond vs Chesapeake, VA
Chesapeake index: 97.9
0%
Richmond vs Lynchburg, VA
Lynchburg index: 89.4
-8.7%
Richmond vs Baton Rouge, LA
Baton Rouge index: 90.8
-7.3%
Richmond vs Santa Clarita, CA
Santa Clarita index: 113.6
+16%
Richmond vs Spokane, WA
Spokane index: 100.3
+2.5%
Richmond vs Fremont, CA
Fremont index: 115.6
+18.1%
Richmond vs San Bernardino, CA
San Bernardino index: 106.4
+8.7%
Richmond can be compared against 294 other cities. View all VA cities →