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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Richmond County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Richmond County ranks #2,173 of 3,142 counties for affordability (bottom 31%)
Sourced county brief
Richmond County Rent Burden is 6.2 Percentage Points Below Mean
The official ACS B25071 Gross Rent as a Percentage of Household Income (GRAPI) in Richmond County is 22.4%. This official GRAPI figure is 6.2 percentage points below the Virginia unweighted county mean of 28.6%. Median gross rent in the county was estimated at $1,067 per month, which is $103 lower than the state unweighted county mean of $1,170. Renter households in the county have a median income of $52,656. In the owner-occupied sector, the median home value was recorded at $231,500, a value $64,308 lower than the state unweighted county mean of $295,808. Furthermore, median selected monthly owner costs for all units were $936, which is $254 below the state unweighted county mean of $1,190. These data points represent snapshots from the 2020-2024 American Community Survey. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Richmond County
Affordability Verdict
ACS B25071 estimates median gross rent at 22.4% of renter household income in Richmond County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,067 per month; median selected monthly owner costs are $936. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $42,680 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Virginia unweighted mean of county median rents is $1,170 per month. Richmond County's $1,067 median is 8.8% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Richmond County
Rent Burden
19.3%
of gross income
Max Housing (28% Rule)
$1,547
per month
Owner Cost Burden
16.9%
of gross income
The median home in Richmond County may be a stretch
Median home value is $231,500. Estimated monthly cost: $1,848 vs. your max of $1,547.
Rent Affordability Guide
Income Needed Calculator
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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
What is the cost of living in Richmond County, Virginia?
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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