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
National Ranking
Affordability Rank
Richmond County ranks #388 of 3,144 counties for affordability (top 12%)
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.
Cost of Living Advisory: Richmond County
Affordability Verdict
For renters in Richmond County, the market is affordable. Expect to pay around $1,011/month in gross rent, with 21.0% of renter households considered cost-burdened.
Rent vs. Own
The median rent in Richmond County is $1,011/month, while owner costs run $858/month. Owning saves approximately $153/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $40,440/year. For owner costs at the 28% rule, the required income is roughly $36,771/year. With a median household income of $64,184, most households can comfortably afford rent here. Notably, 21.0% of renter households in Richmond County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Greensville County where rent averages $960/month, Richmond County is approximately 5% more expensive.
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
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
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.
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