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The cost of groceries, housing, utilities, transportation and health care in the Greater Richmond area has always been at or below the national average and substantially below costs in the northeast and some west coast locations. The Richmond area is constantly winning accolades for its affordability and business reputation. These include:
#10 on Forbes Magazine’s “Best Places for Business” in 2004
One of America's 30 most livable communities, according to Partners for Livable Communities, April 2004.
Ranked 13th of America's 50 Hottest Cities for business expansions and relocations in Expansion Management magazine's January 2005 issue.
Ranked 23rd of America’s top 25 large metro areas for doing business, by Inc. magazine, May 2005.
For one of the most comprehensive and definitive Cost-of-Living calculator, please visit the U.S. government’s Bureau of Labor Statistics calculator.
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