Looking for a fresh start in a new Richmond neighborhood that is actually affordable? Fortunately, there are some neighborhoods that still offer affordable cost of living. Listed below are the most affordable neighborhoods in Richmond for 2025, ranked by their cost of living index. The cost of living index includes various items such as: goods and services, groceries, utilities, real estate and rental rates. For reference, the national average for cost of living is 100.

Population 1,249
-24%
Cost of Living Index 83 vs 108
24% lower than Richmond
Population 856
-24%
Cost of Living Index 83 vs 108
24% lower than Richmond
Population 3,400
-22%
Cost of Living Index 84 vs 108
22% lower than Richmond
Population 2,348
-22%
Cost of Living Index 84 vs 108
22% lower than Richmond
Population 1,665
-22%
Cost of Living Index 84 vs 108
22% lower than Richmond
Population 2,820
-21%
Cost of Living Index 86 vs 108
21% lower than Richmond
Population 525
-20%
Cost of Living Index 87 vs 108
20% lower than Richmond
Population 743
-17%
Cost of Living Index 89 vs 108
17% lower than Richmond
Population 700
-17%
Cost of Living Index 89 vs 108
17% lower than Richmond
Population 1,432
-17%
Cost of Living Index 90 vs 108
17% lower than Richmond
Is This the Right Place for You? Local Insights Report
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Local Insights Report