It’s the city’s affordability! The cost of living in Richmond is right in line with the U.S. average and 6% lower than the state average. And the housing costs are budget-friendly, too! With a median home price at $199,300 and a median monthly rent at $916, it’s easy for new Richmond residents to find homes that will fit their needs.

https://www.extraspace.com/blog/moving/city-guides/things-to-know-about-living-in-richmond/