Greater Richmond Partnership Business First Greater Richmond

Greater Richmond companies have access to a network of resources needed to support their business success.

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Richmond: Love What You Find

Relocating to Greater Richmond, Virginia? You will find what you love, and love what you find.

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The City of Richmond & Counties of Chesterfield, Hanover and Henrico

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Cost of Living

Greater Richmond offers a high quality of life on par with the national average cost. According to the Center for Community and Economic Research’s ACCRA Cost of Living Index, Annual Average 2015, Richmond’s overall cost of living is over five percent below the national average, 94.9 and 100.0, respectively. Housing costs, which account for 28 percent of the index, are 13 percent lower in Greater Richmond than the national average.

  Richmond MSA
Composite Index (100%) 94.9
     Grocery Items (14%) 92.2
     Housing (28%) 87.2
     Utilities (10%) 107.2
     Transportation (12%) 91.6
     Health Care (4%) 104.0
     Misc. Goods & Services (32%) 98.5
100=U.S. Average

Source: Council for Community and Economic Research Cost of Living Index, Annual Average 2015.


 

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