Cost of Living in Richmond
Median income in Richmond is $47,000/year ($3,917/month). Here is how to budget every dollar.
Average Rent in Richmond
$1,000
Studio
$1,250
1 Bedroom
$1,500
2 Bedrooms
Monthly Budget Breakdown: $3,917/month
How to allocate the median Richmond income of $47,000/year after taxes.
Housing
$1,250
Food & Groceries
$390
Transportation
$320
Utilities
$175
Healthcare
$195
Entertainment
$235
Personal & Other
$195
Savings
$1,157
Total
$3,917
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Affordable Neighborhoods in Richmond
The Fan and Museum District have walkable character near VCU
Church Hill is historic and gentrifying with moderate rents
Scott's Addition has been transformed into a brewery and restaurant hub
Money-Saving Tips for Richmond
GRTC Pulse rapid transit ($1.75/ride) connects major corridors affordably
The James River Park System offers free outdoor recreation year-round
Shop at Wegmans, Aldi, and local farmers markets for competitive grocery prices
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