Cost of Living in Richmond VA: What Relocators Need to Know in 2025

Written By Holly Fye

Whenever I talk with families or professionals considering a move to Richmond, one of the first questions is: “What’s the cost of living like?”

Here’s the breakdown for 2025:

  • Housing: Still more affordable than D.C., NOVA, or Raleigh, though prices have risen. Median single-family home: mid-to-upper $300Ks.

  • Utilities: About average for the U.S. — Dominion Energy is the main provider.

  • Groceries + Dining: Local produce and farmers markets keep costs reasonable. Dining out runs $10–$15 for lunch, $20–$35 for dinner.

  • Healthcare: Strong network with VCU Health, Bon Secours, and HCA — costs align with national averages.

  • Transportation: Car-dependent metro, with gas typically below national average.

👉 Bottom line: Richmond offers excellent value, especially compared to larger East Coast cities.

📲 Considering a move? Let’s talk through how Richmond’s cost of living fits your goals.

Holly Fye
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