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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

CSX Adds 18 Rail Served Properties Across 12 States to Select Site Program

2025-04-23

Henrico EDA and Henrico Citizen Expand Program To Provide Free Advertising Packages to 40 Local Ventures

2024-12-10

Extraordinary Henrico Tomorrow Initiative To Elevate Today’s Office

2024-11-19

Henrico Launches Interactive CATALYST Business Academy

2024-11-12