Cost of living in Richmond

In Richmond, United States, a single person typically needs around $2270 per month including rent. A family of four may spend about $5336 monthly.

How expensive is Richmond compared to other cities?

Overall living costs in Richmond are 59% more expensive than the European benchmark.

How does Richmond compare to your city?

Richmond is 42% cheaper than New York City, without rent.

Rent in Richmond is, on average, 45% lower than in New York City.

What drives the cost of living in Richmond?

Who is Richmond a good fit for?

Richmond is a better match for people who prioritize lifestyle benefits and can afford the premium driven by rent & utilities and food. For most moderate-income households, housing costs are the main barrier.

FAQ

Why is Richmond so expensive?

The high cost of living in Richmond is primarily driven by rent and utilities, which significantly exceed average prices. This makes it challenging for many residents to find affordable housing.

Is food expensive in Richmond?

Yes, food prices in Richmond are 27% higher than the European benchmark, contributing to the overall cost of living. This can impact household budgets significantly.

Is public transport affordable in Richmond?

Public transport in Richmond is 8% lower than the European benchmark, making it relatively affordable. However, it may still not be sufficient for all residents' commuting needs.

Cost of living breakdown

Cost of Living, one person, including rent
2270 $
Without Rent
825 $
Rent & Utilities
1445 $
Food
604 $
Transport
69 $
Monthly Salary, after tax
4426 $
GDP per Capita
81,695 $
Freedom Index
8.39
Lifespan
77 years
Speak English
96%
Population
227.0K

Do you live in Richmond? Help us.

Update Prices

Restaurants

Lunch menu, inexpensive restaurant 19.9 $
Dinner 74.3 $
Fast food, McDonalds or KFC 9.05 $
Beer, 0.5 L or 16 fl oz 5.41 $
Capuccino 4.77 $
Coke, 330ml 2.27 $

Compare Richmond with:

Markets

Milk, 1 L or 1 qt 0.87 $
Bread, 0.5 kg or 1 lb 2.91 $
Rice, 1 kg or 2 lb 3.21 $
Eggs, 12 pack 3.28 $
Cheese, 1 kg or 2 lb 9.12 $
Chicken Breast, 1 kg or 2 lb 13.3 $
Round Steak, 1 kg or 2 lb 14.4 $
Apples, 1 kg or 2 lb 5.4 $
Banana, 1 kg or 2 lb 1.16 $
Oranges, 1 kg or 2 lb 4.07 $
Tomato, 1 kg or 2 lb 4.43 $
Potato, 1 kg or 2.2 lb 3 $
Onion, 1 kg or 2.2 lb 2.01 $
Water, 1 L or 1 qt 1.44 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 2.63 $
Wine, 750 mL bottle 13.6 $
Beer, 0.5 L or 16 fl oz 2.22 $
Cigarette pack 8.28 $

Transportation

One-way Ticket 1.5 $
Monthly Pass 60.5 $
Gas or Petrol, 1l or 0.26 gal 0.9 $
Taxi, 8 km 15 $

Personal Care

Doctor Visit, private clinic 104 $
Cold medicine, for 1 week 10.5 $
Hair Shampoo, 400 ml or 12 oz. 7.05 $
Toilet paper, 4 rolls 3.86 $
Toothpaste, 1 tube 2.64 $

Utilities per Month

1 person, electricity, heating, water & garbage 94 $
Family of 4, electricity, heating, water & garbage 146 $
Internet plan, +60 Mbps 73 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 1,248 $
3 Bedroom Apartment, outside of center, 85 sq.m 2,179 $
1 Bedroom Apartment, in city center, 40 sq.m 1,396 $
3 Bedroom Apartment, in city center, 85 sq.m 2,379 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 3,419 $
Price per Square Meter to Buy House, in suburbs 2,225 $

Salaries and Financing

Average Monthly Net Salary, after tax 4,426 $
Mortgage Interest Rate, for 20 years fixed-rate 6.69%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 50.3 $
Cinema, 1 seat 15.1 $
Haircut 22.6 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 81.1 $
Brand Jeans, Levis 501 44.4 $

Childcare

Preschool, full day, monthly for 1 child 1,329 $
International Primary School, yearly for 1 child 30,644 $

Compare Richmond with other top cities

Cayman Islands
Richmond vs George Town (George Town is 61% more expensive)
Bahamas
Richmond vs Nassau (Nassau is 21% more expensive) Richmond vs Freeport (Freeport is 3% less expensive)
Vanuatu
Richmond vs Port Vila (Port Vila is 3% more expensive) Richmond vs Luganville (Luganville is 35% more expensive)
United States
Richmond vs New York City (New York City is 78% more expensive) Richmond vs Los Angeles (Los Angeles is 40% more expensive) Richmond vs Chicago (Chicago is 17% more expensive) Richmond vs Houston (Houston is 1% less expensive) Richmond vs Phoenix (Phoenix is 4% more expensive) Richmond vs Philadelphia (Philadelphia is 12% more expensive) Richmond vs San Antonio (San Antonio is 3% less expensive) Richmond vs San Diego (San Diego is 47% more expensive) Richmond vs Dallas (Dallas is 12% more expensive) Richmond vs San Jose (San Jose is 62% more expensive)
Canada
Richmond vs Toronto (Toronto is 13% more expensive) Richmond vs Montreal (Montreal is 14% less expensive) Richmond vs Calgary (Calgary is 5% less expensive) Richmond vs Ottawa (Ottawa is 1% less expensive) Richmond vs Edmonton (Edmonton is 21% less expensive) Richmond vs Winnipeg (Winnipeg is 23% less expensive) Richmond vs Mississauga (Mississauga is 9% more expensive) Richmond vs Vancouver (Vancouver is 17% more expensive) Richmond vs Brampton (Brampton is 6% less expensive) Richmond vs Hamilton (Hamilton is 5% less expensive)
Barbados
Richmond vs Bridgetown (Bridgetown is 40% less expensive) Richmond vs Holetown (Holetown is 39% less expensive)
Panama
Richmond vs Panama City (Panama City is 39% less expensive) Richmond vs Colon (Colon is 48% less expensive) Richmond vs Tocumen (Tocumen is 46% less expensive) Richmond vs Santiago de Veraguas (Santiago de Veraguas is 53% less expensive) Richmond vs David (David is 63% less expensive) Richmond vs La Chorrera (La Chorrera is 58% less expensive) Richmond vs Balboa (Balboa is 45% less expensive) Richmond vs Pacora (Pacora is 45% less expensive) Richmond vs Chitre (Chitre is 52% less expensive) Richmond vs Penonome (Penonome is 52% less expensive)
Saint Kitts And Nevis
Richmond vs Basseterre (Basseterre is 45% less expensive) Richmond vs Cayon (Cayon is 45% less expensive)
Cuba
Richmond vs Havana (Havana is 55% less expensive) Richmond vs Santiago de Cuba (Santiago de Cuba is 38% less expensive) Richmond vs Holguin (Holguin is 44% less expensive) Richmond vs Camaguey (Camaguey is 33% less expensive) Richmond vs Santa Clara (Santa Clara is 54% less expensive) Richmond vs Bayamo (Bayamo is 49% less expensive) Richmond vs Guantanamo (Guantanamo is 31% less expensive) Richmond vs Las Tunas (Las Tunas is 31% less expensive) Richmond vs Pinar del Rio (Pinar del Rio is 52% less expensive) Richmond vs Cienfuegos (Cienfuegos is 61% less expensive)
Costa Rica
Richmond vs San Jose (San Jose is 45% less expensive) Richmond vs Limon (Limon is 47% less expensive) Richmond vs Liberia (Liberia is 60% less expensive) Richmond vs Alajuela (Alajuela is 46% less expensive) Richmond vs Puntarenas (Puntarenas is 44% less expensive) Richmond vs Cartago (Cartago is 58% less expensive) Richmond vs Heredia (Heredia is 45% less expensive) Richmond vs Tamarindo (Tamarindo is 26% less expensive) Richmond vs Santa Teresa (Santa Teresa is 42% less expensive)
Saint Lucia
Richmond vs Castries (Castries is 49% less expensive) Richmond vs Vieux Fort (Vieux Fort is 47% less expensive)
Jamaica
Richmond vs Kingston (Kingston is 42% less expensive) Richmond vs Spanish Town (Spanish Town is 66% less expensive) Richmond vs Montego Bay (Montego Bay is 55% less expensive) Richmond vs Half Way Tree (Half Way Tree is 49% less expensive) Richmond vs May Pen (May Pen is 64% less expensive) Richmond vs Mandeville (Mandeville is 57% less expensive) Richmond vs Old Harbour (Old Harbour is 63% less expensive) Richmond vs Linstead (Linstead is 54% less expensive) Richmond vs Savanna-la-Mar (Savanna-la-Mar is 51% less expensive) Richmond vs Port Antonio (Port Antonio is 50% less expensive)
El Salvador
Richmond vs San Salvador (San Salvador is 47% less expensive) Richmond vs Santa Ana (Santa Ana is 69% less expensive) Richmond vs Soyapango (Soyapango is 48% less expensive) Richmond vs San Miguel (San Miguel is 52% less expensive) Richmond vs Mejicanos (Mejicanos is 49% less expensive) Richmond vs Apopa (Apopa is 50% less expensive) Richmond vs Santa Tecla (Santa Tecla is 47% less expensive) Richmond vs Ahuachapan (Ahuachapan is 36% less expensive) Richmond vs Usulutan (Usulutan is 52% less expensive) Richmond vs Sonsonate (Sonsonate is 61% less expensive)
Antigua And Barbuda
Richmond vs St. John's (St. John's is 52% less expensive) Richmond vs All Saints (All Saints is 52% less expensive)
Grenada
Richmond vs St. George's (St. George's is 53% less expensive) Richmond vs Grenville (Grenville is 53% less expensive)
Dominica
Richmond vs Roseau (Roseau is 56% less expensive) Richmond vs Portsmouth (Portsmouth is 50% less expensive)
Saint Vincent
Richmond vs Kingstown (Kingstown is 57% less expensive) Richmond vs Georgetown (Georgetown is 56% less expensive)
Belize
Richmond vs Belize City (Belize City is 61% less expensive) Richmond vs San Ignacio (San Ignacio is 52% less expensive) Richmond vs Belmopan (Belmopan is 68% less expensive) Richmond vs San Pedro Town (San Pedro Town is 41% less expensive) Richmond vs Caye Caulker (Caye Caulker is 31% less expensive)
Guatemala
Richmond vs Guatemala City (Guatemala City is 56% less expensive) Richmond vs Mixco (Mixco is 72% less expensive) Richmond vs Coban (Coban is 60% less expensive) Richmond vs Quetzaltenango (Quetzaltenango is 66% less expensive) Richmond vs Jalapa (Jalapa is 60% less expensive) Richmond vs San Miguel Petapa (San Miguel Petapa is 60% less expensive) Richmond vs Momostenango (Momostenango is 62% less expensive) Richmond vs Mazatenango (Mazatenango is 62% less expensive) Richmond vs Flores (Flores is 62% less expensive) Richmond vs Panajachel (Panajachel is 65% less expensive)
Honduras
Richmond vs Tegucigalpa (Tegucigalpa is 63% less expensive) Richmond vs San Pedro Sula (San Pedro Sula is 54% less expensive) Richmond vs Choloma (Choloma is 74% less expensive) Richmond vs La Ceiba (La Ceiba is 71% less expensive) Richmond vs El Progreso (El Progreso is 61% less expensive) Richmond vs Villanueva (Villanueva is 62% less expensive) Richmond vs Comayagua (Comayagua is 69% less expensive) Richmond vs Puerto Cortes (Puerto Cortes is 68% less expensive) Richmond vs Yoro (Yoro is 68% less expensive) Richmond vs La Lima (La Lima is 62% less expensive)
Dominican Republic
Richmond vs Santiago de los Caballeros (Santiago de los Caballeros is 65% less expensive) Richmond vs Santo Domingo (Santo Domingo is 54% less expensive) Richmond vs Puerto Plata (Puerto Plata is 66% less expensive) Richmond vs Higuey (Higuey is 66% less expensive) Richmond vs La Vega (La Vega is 75% less expensive) Richmond vs San Cristobal (San Cristobal is 63% less expensive) Richmond vs San Pedro de Macoris (San Pedro de Macoris is 68% less expensive) Richmond vs San Francisco de Macoris (San Francisco de Macoris is 77% less expensive) Richmond vs San Juan de la Maguana (San Juan de la Maguana is 72% less expensive) Richmond vs Bonao (Bonao is 76% less expensive)
Nicaragua
Richmond vs Managua (Managua is 66% less expensive) Richmond vs Leon (Leon is 72% less expensive) Richmond vs Masaya (Masaya is 69% less expensive) Richmond vs Matagalpa (Matagalpa is 76% less expensive) Richmond vs Chinandega (Chinandega is 72% less expensive) Richmond vs Esteli (Esteli is 74% less expensive) Richmond vs Granada (Granada is 69% less expensive) Richmond vs Jinotega (Jinotega is 80% less expensive) Richmond vs Juigalpa (Juigalpa is 71% less expensive) Richmond vs San Juan del Sur (San Juan del Sur is 61% less expensive)