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Port of Richmond

Cost of Living

With our high quality of life and cost of living below the national average, Henrico is an ideal location for both families and businesses. We offer a wide range of living and education choices for every budget and consistently low real estate taxes.

In 2024, the median home value was $390,000
Housing costs in the region are below the national average
Grocery and food costs are below the national average
Average commute time is 22 minutes

Source: Council for Community and Economic Research Cost of Living Index

News & Insights

Governor Glenn Youngkin Announces Eaton Expansion with Over $50 Million Investment in Henrico County

2025-12-10

Startup Virginia Expands Incubator Services with New Programs and Henrico Location

2025-11-13

Governor Youngkin Joins Ribbon Cutting to Celebrate Completion of Kinsale Center Phase 1

2025-11-12

Korn Ferry Tour Championship Relocating to Virginia’s Richmond Region in 2026

2025-10-20