Richmond, VA Livability

Living in Richmond, VA

Richmond, Virginia is a highly populated city with a population of 216,773 people. In Richmond, there are 3,618 people per square mile, which is well above the national population density average. Richmond is mostly populated by White (44%) and Black or African American (49%) ethnic groups. Richmond tends to attract a younger crowd, as the median age of 33 is far below the national average.

Without the right tools, moving to any new town can be very stressful and challenging. Living in Richmond, Virginia could be a good experience for anyone who puts in the time to do the research required. Using the livability score which includes data from categories like cost of living, weather, education, housing, you can easily compare the best places to live in Richmond and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Richmond to Virginia and the national average.

Using data and statistics Richmond has received a livability score of 75/100. This score is ranked in the 83rd percentile when compared to all other cities. This is a phenomenal score, as Richmond ranks well in multiple categories! If we dig down a little deeper into each category within the livability score, we see that Richmond has higher than average grades for the following: amenities (A+) and education (B+). There is at least one category that you should be aware of in Richmond. The following was graded with a concerning score: employment (D-).

Conveniently located amenities and interesting attractions are a great way to continuously enjoy Richmond on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops. Some of the interesting things to do and attractions include: Virginia Museum of Fine Arts, Maymont, and The Museum of the Confederacy.

Unemployment rates can range pretty dramatically from one city to another. Knowing that Richmond has an unemployment rate of 0.21% probably means that there are ample job opportunities for you to consider as it is far below the national average.

Assuming that Richmond meets all of your requirements, the next most important item to examine is the affordability of real estate in Richmond. Everything else becomes a lot less important if it turns out that home prices in Richmond are simply unattainable. Median real estate prices in Richmond come in at $199,300, which is 19.8% lower than the Virginia average. The home price to income ratio compares the median home prices to the median household income. In Richmond, the home price to income ratio is 4.8, which is 26.3% higher than the Virginia average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Richmond will offer some insight into determining if your home purchase will be a solid investment for years to come. In Richmond, the year-over-year appreciation rates were 11.9%, and the 5 year appreciation rates came in at 7.6%.

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