Is Richmond expensive to live in?
Median income: $52,000. Median rent: $1,250. Median home price: $290,000.
Relocation guide · Virginia
Moving to Richmond, VA
Richmond, VA city guide. Population is 226,610. Median household income is $52,000. Median rent is $1,250.
Median Rent
$1,250/mo
Median Income
$52,000
State Tax
5.75%
Population
226,610
Cost of living
What you'll spend in Richmond
Median income: $52,000. Median rent: $1,250. Median home price: $290,000.
Median Rent/mo
$1,250
Median Home Price
$290,000
Median Income
$52,000
Rent-to-Income
29%
Taxes
Your tax situation in Virginia
State tax rate: 5.75%. Local tax rate: 6%.
State Income Tax
5.75%
Local Tax Rate
6.00%
Climate
Weather in Richmond
Average high: 68°F. Average low: 47°F. Annual rainfall: 44 inches. Sunny days: 205.
Avg High Temp
68°F
Avg Low Temp
47°F
Sunny Days/yr
205
Annual Rainfall
44"
Relocation checklist
Before you move to Richmond
Use this checklist to stay organized during your move.
- ✓Research neighborhoods and commute routes
- ✓Compare rent vs buying based on your timeline
- ✓Check state income tax impact on your salary
- ✓Verify employer presence or remote work infrastructure
- ✓Review health insurance and healthcare options
- ✓Update driver's license and vehicle registration
- ✓Transfer voter registration to new state
- ✓Find a local bank or update your address
- ✓Research school districts if moving with children
- ✓Get quotes from at least 3 moving companies
Considering other cities?
Compare Richmond with similar cities
Frequently asked questions about moving to Richmond
What is the average rent in Richmond?
The median rent in Richmond is $1,250/month. Median home price is $290,000. Many newcomers rent for the first year to learn the neighborhoods before buying.
Does Virginia have a state income tax?
State tax rate: 5.75%. Local tax rate: 6%.
What is Richmond known for?
Richmond, VA city guide. Population is 226,610. Median household income is $52,000. Median rent is $1,250.
What should I know before moving to Richmond?
Research neighborhoods carefully — Richmond has significant variation in cost and lifestyle by area.
Data sourced from U.S. Census Bureau, Bureau of Labor Statistics, and NOAA. Updated 2026.