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Richmond, Virginia Retirement Guide
established retirement community
46
Retirement Score
Richmond, Virginia at a Glance
- Median Home Price
- $346,800
- State Income Tax
- State income tax; Social Security exempt; age-based retirement income subtraction available.
- Avg January Low
- 32.6°F
- Cost of Living Index
- 102 (US avg = 100)
- Best For
- established retirement community
- RetireCityIQ Score
- 46 / 100
Things to Consider
- limited healthcare options
Retirement Data
Affordability
Cost of Living Index
102 (U.S. avg = 100)Medium confidence
BEA Regional Price Parities · Updated March 2026
Median Home Price
$346,800High confidence
U.S. Census ACS 1-Year · Updated April 2026
Median Monthly Rent
$1,192High confidence
U.S. Census ACS 1-Year · Updated April 2026
Taxes
Retirement Tax Score
45 / 100Medium confidence
Tax Foundation · Updated March 2026
Tax Details
State income tax; Social Security exempt; age-based retirement income subtraction available.Medium confidence
Tax Foundation · Updated March 2026
Retiree Readiness (Sprint 2)
Care Access Score (proxy)
31.1 / 100High confidence
RetireCityIQ proxy model · Updated April 2026
Aging-in-Place Score (proxy)
44.5 / 100High confidence
RetireCityIQ proxy model · Updated April 2026
Healthcare
Healthcare Access Score
31.1 / 100Medium confidence
CMS Hospital General Information · Updated March 2026
Climate
Avg July High
91.3°FMedium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Avg January Low
32.6°FMedium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Annual Precipitation
39.8"Medium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Sunny Days / Year
300 daysMedium confidence
Open-Meteo Historical Weather (ERA5) · Updated March 2026
Safety
Safety Score
57.9 / 100Medium confidence
FBI Crime Data Explorer · Updated March 2026
Walkability
Walk Score (proxy)
42.6 / 100Medium confidence
U.S. Census ACS 5-Year (B08301) · Updated March 2026
Transit Score (proxy)
14.3 / 100Medium confidence
U.S. Census ACS 5-Year (B08301) · Updated March 2026
Demographics
Population
227,171High confidence
U.S. Census ACS 5-Year · Updated April 2026
Median Age
34.5High confidence
U.S. Census ACS 5-Year · Updated April 2026
Age 65+
13.8%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Median Household Income
$59,606High confidence
U.S. Census ACS 5-Year · Updated April 2026
Community Profile
Owner-Occupied Housing
43.2%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Veterans
5.6%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Bachelor's Degree+
44.1%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Poverty Rate
19.5%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Diversity
White
44.6%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Black
44.0%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Hispanic/Latino
7.6%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Asian
2.3%High confidence
U.S. Census ACS 5-Year · Updated April 2026
10-Year Housing Stress Test (Estimate)
Estimate monthly homeowner carrying cost in Richmond using median home price and adjustable assumptions. Stress case applies +10% property tax, +20% insurance, +10% maintenance.
Estimated monthly carrying cost
$751
Stress-case monthly carrying cost
$844
Median home price used: $346,800
Median rent reference: $1,192 / month
Estimate includes property tax, insurance, maintenance reserve, and HOA. It excludes mortgage, utilities, and one-time transaction costs.