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Richmond, VA Utility & Living Guide
Richmond most often refers to:Richmond, British Columbia, a city in Canada Richmond, California, a city in the United States Richmond, London, a town in the London Borough of Richmond upon Thames, England Richmond, North Yorkshire, a town in England Richmond, Victoria, a suburb of Melbourne, Austral
Monthly Utility Costs
$140/mo
$60/mo
$50/mo
$30/mo
$70/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1300/mo |
| 2 Bedrooms | $1700/mo |
| 3 Bedrooms | $2300/mo |
| Median Home Price | $290,000 |
| Property Tax Rate | 1.23% |
| Avg Childcare/mo | $1200 |
The Richmond housing market is competitive, with a mix of historic homes and new developments. The city is seeing growth in neighborhoods like Scott’s Addition and the Arts District. Renters can expect to pay a premium for amenities like parking and in-unit laundry.
Cost of Living
108
+8% above national average
105
94
102
$1200
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 7.65% |
| Property Tax Rate | 1.23% |
| <p>State 4.3% + Local 1.35% + City 2%</p> | |
Virginia has a progressive income tax system, with rates ranging from 2% to 5.75%
Family & Relocation
55
7.2/10
$1200/mo
City Pulse
Richmond has a growing public transit system, including buses and a downtown circulator, but stroller-friendly options can be limited in some areas
- Science Museum of Virginia
- Children's Museum of Richmond
- Maymont
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Richmond based on your household profile.
📰 Live Local News
Richmond has regulations in place for short-term rentals, and residents are required to obtain permits for certain home improvements
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
Find Another City Guide
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📊 Richmond — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Summer months can be hot and humid, leading to higher electricity bills for air conditioning, while winter months can be mild, resulting in lower heating costs. Residents can expect to pay around 10-15% more for utilities during the summer months.
🏛️ Local Tax Details
Key ZIP code level tax info: property tax millage rates range from 1.05 to 1.35, with some areas having additional local surtaxes
👶 Family & Stroller Friendliness
Score 6/10: Richmond has some stroller-friendly areas, such as the Riverfront and downtown, but sidewalk quality and park access can be limited in some neighborhoods, and elevator access in transit is not always available
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