Cost of Living
Greater Richmond offers a high quality of life at below the national average cost. According to the Center for Community and Economic Research’s ACCRA Cost of Living Index, Third Quarter 2011, Richmond’s overall cost of living is nearly one percent lower than the national average, 99.2 and 100.0, respectively. Housing costs, which account for 30% of the index, are 11 percent lower in Greater Richmond than the national average.
| Richmond MSA | |
|---|---|
| Composite Index (100% of the index) | 99.2 |
| Grocery Items (13%) | 103.0 |
| Housing (30%) | 89.3 |
| Utilities (10%) | 106.6 |
| Transportation (10%) | 102.5 |
| Health Care (4%) | 109.0 |
| Misc. Goods & Services (33%) | 102.0 |
| 100=U.S. Average | |
Source: Council for Community and Economic Research Cost of Living Index, Third Quarter 2011.
In This Section
- Demographics
- Cost of Living
- Climate
- Housing
- Medical Services
- Sports & Recreation
- Arts & Culture
- Transportation
- International Food Markets
International Information
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Contact Information
Greater Richmond Partnership, Inc.
901 E. Byrd St., Suite 801
Richmond, VA, USA 23219
(804) 643-3227
(800) 229-6332
U.S. Start-Up Model for International Firms
Compare startup costs in Greater Richmond and eight other cities. Directory of Foreign Affiliated Firms provides contact and product information for the metro area's foreign affiliated firms.
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