Vcu, Richmond, VA Cost Of Living

Vcu cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Vcu	Richmond	Virginia
Cost of living index	113	100	108
Index	Vcu	Richmond	Virginia
Goods & Services index	101	101	100
Groceries index	88	88	96
Health care index	108	108	100
Housing index	148	104	130
Transportation index	92	92	91
Utilities index	106	106	101

Did you know?

The cost of living in Vcu is 5% higher than the Richmond average.
The cost of living in Vcu is 13% higher than the national average.
The cost of housing in Vcu is 48% higher than the national average.
Virginia general sales tax is 4% higher than the national average.
Virginia state income tax is 10% lower than the national average.

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Household	$15,898	$1,325	$371	$477

Virginia Sales Tax

State	General Sales Tax	With Max Surtax
Virginia	5.3%	6%

Virginia Income Tax

State	Income Tax (Low)	Income Tax (High)
Virginia	2%	5.75%

Goods & Services

Item	Richmond	National avg.	Difference
Haircut	$18.75	$16.09	16.6%
Beauty Salon	$42.38	$37.33	13.5%
Toothpaste	$1.81	$2.45	25.9%
Shampoo	$0.85	$1.00	15.0%
Movie	$10.98	$10.28	6.8%
Bowling	$6.07	$4.93	23.1%

Groceries

Item	Richmond	National avg.	Difference
Ground Beef	$3.41	$3.80	10.3%
Fried Chicken	$1.00	$1.40	28.6%
Milk	$1.75	$2.01	12.7%
Potatoes	$2.69	$3.01	10.5%
Pizza	$10.52	$9.89	6.4%
Beer	$9.40	$8.90	5.7%

Health Care

Item	Richmond	National avg.	Difference
Optometrist	$110.15	$102.16	7.8%
Doctor	$109.61	$108.36	1.2%
Dentist	$115.26	$92.53	24.6%
Ibuprofen	$8.42	$9.28	9.3%
Lipitor	$403.84	$425.82	5.2%

Housing

Item	Richmond	National avg.	Difference
Home Price	$199,300.00	$184,700.00	7.9%
Avg. Mortgage Payment	$1,057.00	$1,202.44	12.1%
Apartment Rent	$916.00	$949.00	3.5%

Transportation

Item	Richmond	National avg.	Difference
Gasoline	$2.05	$2.24	8.6%
Tire Balancing	$43.13	$46.29	6.8%

Utilities

Item	Richmond	National avg.	Difference
All Electricity	$155.74	$165.96	6.2%
Phone	$34.95	$28.68	21.8%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Montrose, VA	7,909	91	-9%
Bensley, VA	6,031	92	-8%
Bellwood, VA	6,082	92	-8%
Sandston, VA	6,883	93	-7%
Highland Springs, VA	16,276	93	-7%
Richmond, VA	216,773	100	0%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Boise, ID	218,677	96	-4%
San Bernardino, CA	214,581	107	7%
Des Moines, IA	212,859	86	-14%
Birmingham, AL	212,424	82	-18%
Spokane, WA	212,078	94	-6%
Richmond, VA	216,773	100	0%

Source: The Vcu, Richmond, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Vcu, Richmond, VA Cost of Living