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Richmond, VA

Cost of living in Hopewell city, VA

Part of the Richmond Metro Area

Estimated monthly cost
$3,533/mo
for a single person, all categories combined

Population 22,944 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $1,545 44%
Healthcare $480 14%
Federal tax $425 12%
Groceries $355 10%
Transport $320 9%
Energy $202 6%
State tax $151 4%
Water $55 2%

Rent in Hopewell city

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 Hopewell city

Annual earnings figures from the Census ACS.

Household income
$48,681
per year
Individual earnings
$36,064
per year
Per capita
$26,626
per year

Source: ACS 2019-2023 5-Year.

Home values in Hopewell city

Average values reported by homeowners.

Average home value
$165,100
Annual property tax
$1,600

Source: ACS 2019-2023 5-Year

Energy costs in Hopewell city

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 Hopewell city

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 Hopewell city

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 Hopewell city

Commute patterns and estimated costs.

Average commute
26.6 min
Drive alone
81.2%
Public transit
0.0%
Work from home
9.6%

Source: ACS

Monthly cost estimates for Hopewell city

What it costs to live in Hopewell city each month.

Single person
$3,533
per month
  • Rent $1,545
  • Energy $202
  • Water $55
  • Groceries $355
  • Transport $320
  • Healthcare $480
  • Federal tax $425
  • State tax $151
Couple
$4,575
per month
  • Rent $1,711
  • Energy $242
  • Water $65
  • Groceries $588
  • Transport $420
  • Healthcare $864
  • Federal tax $473
  • State tax $212
Family
$7,192
per month
  • Rent $2,166
  • Energy $303
  • Water $75
  • Groceries $893
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $473
  • State tax $212

Frequently asked questions about Hopewell city

Common questions about cost of living, rent and salary.

What is the average rent in Hopewell city?

In Hopewell city, 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 Hopewell city?

In Hopewell city, VA, the average household income is $48,681 per year and individual earnings for full-time workers average $36,064 per year, according to U.S. Census Bureau data.

What is the cost of living in Hopewell city?

The estimated cost of living in Hopewell city, VA is approximately $3,533 per month for a single person, $4,575 for a couple, $7,192 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Hopewell city?

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

Is Hopewell city an affordable place to live?

Based on the data, a single person in Hopewell city, VA would need approximately $3,533 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $48,681 per year ($4,057 per month). Hopewell city has a high cost of living relative to local earnings.

How much does healthcare cost in Hopewell city?

The ACA marketplace benchmark premium in Hopewell city, 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 Hopewell city?

The average home value in Hopewell city, VA is $165,100, with average annual property taxes of $1,600, according to U.S. Census Bureau data.

How does Hopewell city compare to other areas?

You can compare Hopewell city, VA with any other US county using our comparison tool at /compare. Hopewell city 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 Hopewell city 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