Cost of Living in Richmond County, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Richmond County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Richmond County, Virginia
Richmond County offers solid affordability
With a rent-to-income ratio of 18.9%, Richmond County sits just above Virginia's state average of 18.6% and comfortably within the national comfort zone for housing costs. The median household income of $64,184 is close to the state median, making this an accessible market for many households.
Middle of the pack in Virginia affordability
Richmond County's 18.9% rent-to-income ratio places it near the state average of 18.6%, marking it as a stable, moderately affordable option compared to pricier urban areas. Median rent of $1,011 runs slightly below the state average of $1,140, offering modest savings for renters.
Cheaper rents than Richmond city neighbors
Richmond County's median rent of $1,011 undercuts Richmond city ($1,314) by $303 monthly while matching the affordability of Rockingham County ($1,125). Home values of $214,200 are significantly more modest than the city's $328,100, appealing to buyers seeking rural charm with reasonable pricing.
Balanced housing and income picture
Renters spend $1,011 monthly on housing while homeowners face $858 in monthly costs from a median income of $64,184. This relatively balanced distribution means residents keep more income for other necessities and discretionary spending compared to pricier Virginia markets.
A solid choice for rural-minded relocators
Richmond County's near-average affordability combined with lower home values makes it attractive for families prioritizing space and rural living over urban amenities. The modest rent-to-income ratio of 18.9% suggests sustainable housing costs over the long term.
Affordability Calculator
See how your income compares to housing costs in Richmond County
Rent Burden
18.9%
of gross income
Max Housing (28% Rule)
$1,498
per month
Owner Cost Burden
16.0%
of gross income
The median home in Richmond County may be a stretch
Median home value is $214,200. Estimated monthly cost: $1,710 vs. your max of $1,498.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.