Richmond, VA
229,359Residents
$64,587Median household income
$1,372/moMedian gross rent
$353,000Median home value
34.7Median age
46%Adults with a bachelor’s degree or higher
44%Homes lived in by their owners
5.5×Home value to household income
Median rent takes about 25% of the median household income in Richmond.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $55,000 a year. In Virginia that leaves roughly $3,612 a month after tax. See the full paycheck breakdown for $55,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.