Richmond, VA cost of living
VA · BLS RPP 100.4
Estimated — not yet source-verified.Estimated — not yet source-verified against official BLS/HUD figures. This page is not indexed. Treat the RPP and FMR values as rough proxies and verify with the BLS or HUD datasets directly before relying on them.
Overall RPP
100.4
US = 100
Housing RPP
106.8
Housing component
Goods RPP
99.2
Goods component
2-BR Rent (HUD)
$1,380/mo
FY2024 FMR
What salary do you need in Richmond, VA?
Equivalent salary to maintain the same purchasing power as in a US-average city (RPP 100).
| In US-average city | You need in Richmond, VA | Formula |
|---|---|---|
| $50,000 | $50,200 | $50,000 x (100.4/100) |
| $75,000 | $75,300 | $75,000 x (100.4/100) |
| $100,000 | $100,400 | $100,000 x (100.4/100) |
| $125,000 | $125,500 | $125,000 x (100.4/100) |
| $150,000 | $150,600 | $150,000 x (100.4/100) |
| $200,000 | $200,800 | $200,000 x (100.4/100) |
This tool provides estimates only. Equivalent-salary figures are derived from BLS Regional Price Parities (RPP) and HUD Fair Market Rents — they are averages, not guarantees. Actual cost of living varies by neighborhood, lifestyle, and individual circumstances. Not financial advice.
State income tax note
Virginia income tax 2%-5.75%.
Frequently asked questions
- What is the cost of living in Richmond, VA?
- Richmond, VA has a BLS Regional Price Parity of 100.4 (US average = 100). It is 0.4% more expensive than the national average.
- What salary do I need to live in Richmond, VA?
- If you earn $100,000 in a US-average city (RPP 100), you would need approximately $100,400 in Richmond, VA to maintain the same purchasing power.
- What is the average rent in Richmond, VA?
- The HUD Fair Market Rent for a 2-bedroom in Richmond, VA is approximately $1,380 per month as of FY2024.
Compare with other cities
Buying a home in Richmond, VA? See closing costs at TallyClose.