Quick answer
Prices in Richmond, VA were 2.1% below the US average in 2024 (Regional Price Parity 97.9, US = 100), with a housing-rent index of 99.1, per the U.S. Bureau of Economic Analysis.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities (2024)
| Category | Price index (US = 100) |
|---|---|
| All items | 97.858 |
| Goods | 96.773 |
| Housing (rents) | 99.136 |
| Utilities | 89.221 |
| Other services | 98.612 |
| — All items by year — | |
| 2024 | 97.858 |
| 2023 | 98.337 |
| 2022 | 97.626 |
| 2021 | 97.968 |
| 2020 | 95.895 |
| 2019 | 95.185 |
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Last updated 2026-10-16. Data only, not financial or tax advice.