Salary Required

Salary required to live in Richmond, VA

Three lifestyle tiers, back-solved from local rent, cost of living, and tax.

Modest

$58,000

Gross, single filer

  • Housing: $1,400/mo
  • Savings: $250/mo
  • Discretionary: $600/mo

Comfortable

$95,000

Gross, single filer

  • Housing: $1,610/mo
  • Savings: $1,200/mo
  • Discretionary: $1,500/mo

Aspirational

$157,000

Gross, single filer

  • Housing: $2,240/mo
  • Savings: $2,500/mo
  • Discretionary: $2,800/mo

Local rent (1-BR)

$1,400/mo

COL index

99

100 = US average

Median home price

$310,000