Richmond, VA

Cost of Living in Richmond, VA (2026): Rent, Utilities & Take-Home

$3,307/mo in Richmond. $2,353 left each month. Prices near the US average.

Compare vs Chicago Rank metros from RichmondHow we figure this

Monthly costs

Take-home $5,660/mo.

Taxes$1,923
Rent$1,362
Other living costs$1,945
Left over$2,353

Pay and tax, per year

Gross household pay: $90,995
Federal income tax: −$11,633
Social Security and Medicare: −$6,961
State income tax (VA): −$4,486
Take-home pay: $67,915
Effective tax rate: 25.4%

Living costs, per month

Rent, 1br: $1,362
Groceries: $384
Getting around: $553
Healthcare: $432
Utilities and internet: $240
Everything else: $336
Total spending: $3,307

Left over each month

$7,583 gross, minus $1,923 in tax and $3,307 in living costs.

$2,353

Average electric bill in Virginia

About $138 a month for a household using 900 kWh. That is the EIA residential price for Virginia in 2025, 15.28¢ per kWh. It is a state average, not a Richmond utility bill, and the utilities line in the monthly costs above already includes a modelled power cost.

Moving from Richmond

Richmond → Virginia Beach · $104 less

Cost of Living in Richmond, VA (2026): Rent, Utilities & Take-Home

Monthly costs

Pay and tax, per year

Living costs, per month

Average electric bill in Virginia

Moving from Richmond

Take-home by job in Richmond

Other Virginia metros

Compare Richmond