Skip to main content
LiveWhere us
Richmond, VA

Cost of living in Henrico County, VA

Part of the Richmond Metro Area

Estimated monthly cost
$3,741/mo
for a single person, all categories combined

Population 334,434 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $1,545 41%
Federal tax $640 17%
Healthcare $480 13%
Groceries $355 9%
Transport $250 7%
State tax $214 6%
Energy $202 5%
Water $55 1%

Rent in Henrico County

Fair Market Rents by bedroom count.

Studio
$1,488
per month
1 bedroom
$1,545
per month
2 bedroom
$1,711
per month
3 bedroom
$2,166
per month
4 bedroom
$2,677
per month

Source: HUD FMR FY2025

Income and earnings in Henrico County

Annual earnings figures from the Census ACS.

Household income
$86,397
per year
Individual earnings
$49,152
per year
Per capita
$50,277
per year

Source: ACS 2019-2023 5-Year.

Home values in Henrico County

Average values reported by homeowners.

Average home value
$333,600
Annual property tax
$2,416

Source: ACS 2019-2023 5-Year

Energy costs in Henrico County

Estimated monthly electricity and gas costs.

Electricity
$153
per month · 14.6¢/kWh
Natural gas
$49
per month
Annual total
$2,424
per year

Source: EIA

Healthcare in Henrico County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
6.6%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Henrico County

State and local tax rates for Virginia.

State income tax
5.8%
Top marginal rate
State sales tax
5.3%
Combined sales tax
5.8%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Henrico County

Commute patterns and estimated costs.

Average commute
22.5 min
Drive alone
69.6%
Public transit
0.8%
Work from home
19.8%

Source: ACS

Monthly cost estimates for Henrico County

What it costs to live in Henrico County each month.

Single person
$3,741
per month
  • Rent $1,545
  • Energy $202
  • Water $55
  • Groceries $355
  • Transport $250
  • Healthcare $480
  • Federal tax $640
  • State tax $214
Couple
$5,297
per month
  • Rent $1,711
  • Energy $242
  • Water $65
  • Groceries $588
  • Transport $350
  • Healthcare $864
  • Federal tax $1,084
  • State tax $393
Family
$7,914
per month
  • Rent $2,166
  • Energy $303
  • Water $75
  • Groceries $893
  • Transport $450
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $1,084
  • State tax $393

Frequently asked questions about Henrico County

Common questions about cost of living, rent and salary.

What is the average rent in Henrico County?

In Henrico County, VA, a one-bedroom apartment averages $1,545 per month, a two-bedroom averages $1,711 per month, a three-bedroom averages $2,166 per month, according to HUD Fair Market Rent data.

What is the average salary in Henrico County?

In Henrico County, VA, the average household income is $86,397 per year and individual earnings for full-time workers average $49,152 per year, according to U.S. Census Bureau data.

What is the cost of living in Henrico County?

The estimated cost of living in Henrico County, VA is approximately $3,741 per month for a single person, $5,297 for a couple, $7,914 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Henrico County?

The combined sales tax rate in Henrico County, VA is 5.75%, which includes the Virginia state rate of 5.30% plus an average local rate of 0.45%.

Is Henrico County an affordable place to live?

Based on the data, a single person in Henrico County, VA would need approximately $3,741 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $86,397 per year ($7,200 per month). Henrico County has a moderate cost of living relative to local earnings.

How much does healthcare cost in Henrico County?

The ACA marketplace benchmark premium in Henrico County, VA is approximately $480 per month for an individual. Approximately 6.6% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Henrico County?

The average home value in Henrico County, VA is $333,600, with average annual property taxes of $2,416, according to U.S. Census Bureau data.

How does Henrico County compare to other areas?

You can compare Henrico County, VA with any other US county using our comparison tool at /compare. Henrico County is in the Richmond, VA metro area.

Other counties in Virginia

Browse the full list of counties in Virginia, ranked by cost of living.

See all counties in Virginia

Compare Henrico County with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources