How Much Rent Can You Afford in Richmond, VA?
To comfortably afford a 1-bedroom in Richmond ($1,430/month), you need to earn at least $76,000/year ($37/hr).
$
Your take-home: $3,921/month
Max affordable rent: $1,176/month
Based on 30% of take-home pay (after taxes)
| Size | Avg Rent | % Income | Verdict |
|---|---|---|---|
| Studio | $1,115 | 28.4% | OK |
| 1-Bedroom | $1,430 | 36.5% | Stretch |
| 2-Bedroom | $1,600 | 40.8% | Stretch |
| 3-Bedroom | $2,231 | 56.9% | No |
After paying rent on a 1-BR ($1,430), you’d have $2,491/month left for everything else.
Affordability at Every Income Level
| Salary | Take-Home/mo | Max Rent | 1BR ($1,430) |
|---|---|---|---|
| $25,000 | $1,742 | $523 | 82.1% |
| $30,000 | $2,056 | $617 | 69.5% |
| $35,000 | $2,367 | $710 | 60.4% |
| $40,000 | $2,678 | $803 | 53.4% |
| $45,000 | $2,989 | $897 | 47.8% |
| $50,000 | $3,300 | $990 | 43.3% |
| $55,000 | $3,611 | $1,083 | 39.6% |
| $60,000 | $3,921 | $1,176 | 36.5% |
| $65,000 | $4,219 | $1,266 | 33.9% |
| $70,000 | $4,489 | $1,347 | 31.9% |
| $75,000 | $4,758 | $1,427 | 30.1% |
| $80,000 | $5,027 | $1,508 | 28.4% |
| $100,000 | $6,104 | $1,831 | 23.4% |
| $125,000 | $7,438 | $2,232 | 19.2% |
| $150,000 | $8,743 | $2,623 | 16.4% |
Single filer, 2025 tax brackets, 30% rule applied to take-home pay.
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