Cost of Living in Richmond, Virginia

Cost of Living in Richmond, VA is

4% lower

than the National Average

Calculate Cost of Living

Enter your current job title and salary below to see what you would need to earn in Richmond, Virginia in order to maintain your standard of living. Plus, see the median salary for your job title in Richmond, Virginia.

Whether you're considering relocation to Richmond, Virginia or just curious about the cost of living in Richmond, Virginia, the PayScale Cost of Living Calculator is the place to begin your research. When looking at the cost of living charts below, be sure to pay attention to the housing expense category. Housing costs and mortgage rates can vary by city because local banks can have different mortgage rates from their national competition. If you are serious about relocation to Richmond, Virginia, you might want to investigate local mortgage rate options before you put your house up for sale.

Cost of Living in Richmond, Virginia by Expense Category

Living in Richmond, Virginia

Historical buildings, landmarks and war sites are some of the greatest attractions in Richmond, the capital of Virginia. War sites from both the Civil War and the Revolutionary War are popular attractions in the city; Paul Henry’s famous “Give Me Liberty or Give Me Death” speech was delivered in St. John’s Church, in the heart of Richmond. The Virginia State Capital building is as historic as Richmond itself. Built in 1788 and designed by Thomas Jefferson, the capital building boasts beautiful architecture and a historical charm. Not only is Richmond a historical site, there are also many museums, art galleries and performing arts halls as well. Richmond is a great place to visit, but also a beautiful place to live.

Cost of Living in Richmond, Virginia

There are many uncertainties involved in relocating. It's not surprising that many people have questions before moving to a new city. How much more or less will it cost to live in a new place? How will my new salary compare to my old salary? Will I be able to maintain the same standard of living that I am accustomed to? PayScale’s Cost of Living Calculator can answer these questions and more.

If you are considering a move to Richmond, Virginia, you will be pleasantly surprised that the average Cost of Living in Richmond, Virginia is only slightly above the national average. The chart above shows that the cost of housing is one of the larger expenses for residents of Richmond, but, at around 15 percent higher than the national average, it is still relatively low compared to many other cities. The cost of living in Richmond may be reasonable in comparison to the national average, but how does it compare to your city? You can use the calculator to get a cost of living comparison for your current city, or see the links below for data on other Virginia locations.

Cost of Living in Virginia: Charlottesville
Cost of Living in Virginia: Lexington
Cost of Living in Virginia: Winchester

Salaries in Richmond Virginia

Comparing Median Salaries in Richmond by employer type reveals that hospital and federal government positions tend to pay higher salaries than many other occupations. To see how salaries in Richmond compare to those in other parts of Virginia, see the chart showing median Salaries in Virginia by City.

Cost of Living in Richmond, Virginia Compared to Other Major Cities

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Cost of Living in Popular Cities

See how popular cities compare to the national cost of living. Down arrows represent cities that are easier on your wallet.