Average Rent Cost in Richmond, VA
COL Index: 99.1
Pop: 226,610
↑ Rising
The average rent cost cost in Richmond, VA is $0 per month, which is 100.0% below the national average of $1,372.
Rent Costs: Richmond vs. National Average
| Metric | Richmond | National Average | Difference | Trend |
|---|---|---|---|---|
| Rent (Monthly) | $0 | $1,372 | -100% | ↑ Rising |
Full Cost of Living Breakdown for Richmond
| Expense Category | Richmond (Monthly) | National Average | Difference |
|---|---|---|---|
| Rent | $1,325 | $1,372 | -3.4% |
| Groceries | $470 | $475 | -1.1% |
| Utilities | $185 | $185 | 0% |
| Transportation | $230 | $225 | +2.2% |
| Childcare | $1,375 | $1,450 | -5.2% |
| Healthcare | $470 | $475 | -1.1% |
| Dining Out | $280 | $290 | -3.4% |
| Total Monthly | $4,335 |
Monthly Budget Recommendation for Richmond
Based on current cost of living data, plan for approximately $4,335 per month to cover all major living expenses in Richmond, VA.
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Learn More About New Day BudgetingAverage Rent Cost in Richmond, VA
The average monthly rent cost cost in Richmond, VA is $0, which is 100.0% lower than the national average of $1,372 per month.
Richmond has a cost of living index of 99.1 (100 = national average).
Data sourced from BLS Consumer Expenditure Survey, Census Bureau American Community Survey (ACS), and HUD Fair Market Rents. Figures reflect 2026 estimates and may vary based on household size and lifestyle.