Paycheck Atlas

Is $40k a good salary in Richmond, VA?

tight A $40k salary is 54% below the median household income here ($86,679). After tax you take home about $2,677 a month, and median rent ($1,447) takes 54% of that.

$32,120 take-home a year
Gross pay$40,000
Federal income tax−$2,620
Social Security + Medicare−$3,060
Virginia income tax (approx.)−$2,200
Monthly take-home$2,677
Every two weeks$1,235
$40,876What $40k buys in Richmond, VA, expressed in average-US prices (price level 97.9).
54%Rent share of take-home. Under 25% is comfortable, 25–35% workable, above 35% tight.

Jobs that pay about $40k in Richmond, VA

Other salaries in Richmond, VA

Median household income and rent: Census 2024 ACS 5-year. Household income covers all earners, so compare with care if you live alone. Take-home is an estimate for a single filer.