Pay and cost of living in Richmond city, VA
Richmond city, VA is part of the Richmond, VA labor market, and this page summarizes 15 occupations with published wages there. The median of their median salaries is $40,270 a year. The best-paid occupation listed is Software Developers at $132,120, and the lowest is Home Health and Personal Care Aides at $29,360.
A one-bedroom apartment in Richmond city, VA has a HUD Fair Market Rent of $1,517 a month and a two-bedroom $1,651. Rent, food, home energy and gasoline for one adult add up to $25,188 a year. After federal, FICA and state income taxes, the average occupation here takes home $43,543 a year, and 13 of the 15 occupations listed here (87%) earn enough take-home pay to cover the four basics.
Each occupation links to a detailed page with gross pay, take-home pay, rent, food and energy costs, and the monthly budget margin. All pages share one method, which makes it easy to compare jobs inside Richmond city, VA or against other counties.
Housing, taxes and commute in Richmond city, VA
The figures below are exact U.S. Census Bureau American Community Survey 2020-2024 5-year estimates for Richmond city, VA, set beside the Virginia and national medians.
Median household income in Richmond city, VA is $64,587, 31% below the Virginia median of $93,170 and $80,734 nationally. A year of one-bedroom Fair Market Rent ($18,204) equals 28.2% of that income. The median of the occupation medians listed here, $40,270, is 38% below household income, which is expected because a household can hold more than one earner.
Homeowners in Richmond city, VA pay a median of $3,150 a year in real estate taxes, 13% above the Virginia median of $2,790. With a median home value of $353,000, 8% below the Virginia median of $383,700, the ratio of the two medians is 0.89% a year.
Renters in Richmond city, VA pay a median gross rent of $1,372 a month in the Census survey, 13% below the Virginia median of $1,579. HUD's one-bedroom Fair Market Rent used for the budgets on this site is $1,517; the Census figure covers rental units of every size.
Workers in Richmond city, VA who travel to a workplace spend an average of 21.7 minutes each way, 21% below the Virginia average of 27.3. 19.5% of workers work from home, compared with 15.1% nationally.