Cost of living in Richmond, VA: metro-area prices 2.1% below the U.S. average.
The official BEA price level for Richmond, VA, what makes it up, what a salary is worth here at U.S.-average prices, and how local jobs pay once regional prices are taken into account.
$100,000 in Richmond, VA ≈ $102,189 at U.S.-average prices.
BEA's Regional Price Parity shows that prices across the Richmond, VA metropolitan area are approximately 2.1% below the U.S. average (RPP 97.9 for 2024, U.S. = 100; metro rank 116 of 387, most expensive first). The figure covers the whole Richmond, VA metro area, not only the city. It measures average prices of goods and services for the average consumer, not a household budget, rent alone or taxes. Rents are tracked separately: 99.1 here against 100.6 nationally.
Regional Price Parities (BEA) compare average price levels of goods and services across states and metro areas in one year, with the U.S. = 100. An RPP of 97.9 means prices about 2.1% below the national level.
A household budget, rent alone, taxes, disposable income, home affordability, lifestyle, savings, or any individual's actual spending.
- Price level (all items)
- 97.9
- U.S. 100 · BEA 2024
- Rents (tenant housing)
- 99.1
- U.S. 100.6 · shown separately
- $100,000 here equals
- $102,189
- at U.S.-average prices
- To match $100,000 (U.S. prices)
- $97,858
- needed here
Data Area covered: Richmond, VA (BEA metropolitan statistical area 40060), not only Richmond, VA.
Price levels by category
Data BEA RPP components for 2024. Rents cover tenant-occupied housing only. Each U.S. value is BEA's national figure for that category.
What the largest occupations in Richmond, VA pay
Data BLS median wage (May 2025), the same wage at U.S.-average prices (TryHired calculation with BEA RPP), and the occupation's U.S. median.
| Occupation | Local median | At U.S.-average prices | U.S. median | Employed here |
|---|---|---|---|---|
| Fast Food and Counter Workers | $29,500 | $30,146 | $31,200 | 17,100 |
| Sales Associate | $33,580 | $34,315 | $35,410 | 16,210 |
| Operations Manager | $108,670 | $111,049 | $105,770 | 15,770 |
| Registered Nurse | $93,580 | $95,628 | $97,550 | 15,700 |
| Cashier | $30,350 | $31,014 | $32,880 | 14,460 |
| Stocker | $37,180 | $37,994 | $37,330 | 12,300 |
| Truck Driver | $58,190 | $59,464 | $58,640 | 11,760 |
| Customer Service Representative | $42,660 | $43,594 | $44,770 | 10,960 |
| Office Clerks, General | $46,320 | $47,334 | $45,010 | 10,890 |
| Material Handler | $40,270 | $41,151 | $40,240 | 10,550 |
| Janitor | $34,200 | $34,949 | $36,840 | 9,270 |
| Server | $38,470 | $39,312 | $35,230 | 9,120 |
Where Richmond, VA pay stretches furthest against the U.S.
Data Local median at U.S.-average prices compared with the occupation's U.S. median; occupations with at least 100 people employed here.
The state around this metro area
Data BEA publishes a separate price level for each state; a metro area and its state usually differ.
Other metro areas in Virginia
Data BEA 2024 all-items price level for each metro area.
Places with the closest price levels
Data Differences of 3 points or less are within year-to-year movement, so treat them as ties.
Common questions
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How this page is built
BEA Regional Price Parities measure differences in price levels across states and metropolitan areas for one year, relative to the U.S. (= 100), for the goods and services bought by the average consumer. Salary at U.S.-average prices = salary ÷ (RPP ÷ 100). Equivalent salary in place B for a salary in place A = salary × RPP(B) ÷ RPP(A). BEA uses the same division to price-adjust income; its further steps (a small national rebalancing factor and conversion to constant dollars) are for time series and are not applied. Metro areas use the OMB 2023 delineations, the same codes BLS uses. Data area for this page: Richmond, VA (Metropolitan Statistical Area), BEA/OMB code 40060; the BLS wages use the same area. Searches this page answers include “cost of living in richmond va”, “richmond va cost of living”, “richmond virginia cost of living” (Ahrefs, U.S.).
- Anyone's personal cost of living or household budget: RPPs are average price levels for the average consumer.
- Taxes, take-home pay, home prices, household size, commuting or lifestyle.
- Exact prices: RPPs are indexes, and BEA notes place-to-place price comparisons can be volatile where survey samples are small.
- Year match: 2024 price levels are applied to May 2025 wages.
- U.S. Bureau of Economic Analysis, Regional Price Parities by State and Metro Area, 2024 (released Feb 19, 2026; SARPP and MARPP tables; retrieved Oct 25, 2026). Methodology.
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates (public domain).