Salary Needed to Live in Richmond as a Couple
A couple sharing expenses without children needs approximately $26,952/year to live comfortably in Richmond, VA — including 12% savings.
Comfortable Salary
$26,952
with 12% savings
Bare Minimum
$22,640
no savings buffer
Monthly Expenses
$1,415
3% below national avg
Detailed Monthly Budget for a Couple in Richmond
| Expense | Richmond | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Apartment Rent | $139 | $137 | +1% |
| 🛒 Groceries | $35 | $27 | +30% |
| ⚡ Utilities | $13 | $19 | -32% |
| 🚗 Transportation | $27 | $35 | -23% |
| 🛡️ Car Insurance | $185 | $223 | -17% |
| 🏥 Health Insurance | $51 | $56 | -9% |
| Internet | $65 | $65 | 0% |
| Phone (×2) | $140 | $140 | 0% |
| Dining & Social | $450 | $450 | 0% |
| Entertainment | $180 | $180 | 0% |
| Personal Care (×2) | $130 | $130 | 0% |
| Total Monthly | $1,415 | $1,462 | -3% |
How We Calculated the Salary
Monthly expenses:$1,415
Target savings (12%):$230/mo
Monthly after-tax needed:$1,645
Effective tax rate:25%
Gross annual salary needed:$26,952
Other Household Types in Richmond
Related Pages
FAQ
What salary does a couple (no kids) need in Richmond?
A couple (no kids) needs approximately $26,952/year ($2,246/month gross) to live comfortably in Richmond with a 12% savings rate.
How much is rent for a couple (no kids) in Richmond?
A 1-2br apartment in Richmond costs approximately $139/month, which is the largest single expense at 10% of the total budget.
Is Richmond affordable for a couple (no kids)?
Richmond is roughly average for couple (no kids) costs, requiring a salary close to the national median.