Understanding the cost of living is a crucial step in making an informed decision about moving to a new area. It’s essential to know what to expect financially when considering a move.

This article will provide a detailed overview of the monthly cost of living in Henrico, including housing, utilities, transportation, food, healthcare, education, entertainment, and taxes. Whether you’re wondering how much it costs to live in Henrico or if Henrico is expensive to live in, this guide will help you assess the cost of living for a single person or a family. By understanding these factors, you can better plan your budget and make the most of what Henrico has to offer.


Housing Costs

Housing is one of the most significant factors contributing to the monthly cost of living in Henrico, VA. Understanding the housing market can help you determine whether this area fits your budget and lifestyle.

The average cost of living in Henrico includes various housing options, from renting apartments to purchasing homes. As of the latest data, the median home price in Henrico is approximately $300,000. For those considering renting, the average monthly rent for a one-bedroom apartment is around $1,200, while a two-bedroom apartment averages about $1,500 per month. These prices can vary depending on the neighborhood and amenities offered.

Compared to nearby cities like Richmond, Henrico tends to offer slightly more affordable housing options. This can be an essential consideration if you’re trying to balance the benefits of city proximity with a more manageable housing cost.

Several factors influence how much it costs to live in Henrico, including proximity to schools, public transportation, and local amenities. Areas closer to top-rated schools or major highways tend to have higher property values. Additionally, newer developments with modern amenities can also command higher prices.

For a single person, the housing cost is a significant part of the monthly expenses. If you are renting a one-bedroom apartment, expect to spend around $1,200 per month, not including utilities. Purchasing a home involves additional costs such as property taxes, homeowners insurance, and maintenance, which should be factored into the overall budget.


Utilities and Services

Utilities and services form a significant part of the monthly cost of living in Henrico, VA. Understanding these expenses will help you get a clearer picture of how much it costs to live in Henrico and manage your budget effectively.

Electricity and Heating

The average monthly electricity bill in Henrico for a typical household is approximately $120 to $150, depending on the size of the home and usage patterns. Heating costs can vary, especially during the colder months, but on average, you can expect to pay around $100 per month for natural gas heating.

Water and Sewer

Water and sewer services in Henrico generally cost between $30 and $50 per month. This can fluctuate based on the number of people in the household and water usage habits. Efficient use of water and timely maintenance of plumbing fixtures can help keep these costs down.

Trash and Recycling

Most residents in Henrico pay around $20 to $30 per month for trash and recycling services. This fee typically includes regular collection and disposal services, making it a manageable part of the overall utility expenses.

Internet and Cable

High-speed internet is a necessity for most households today. In Henrico, the cost for internet services averages around $60 per month, while comprehensive cable TV packages can add an additional $70 to $100. Bundling these services with your provider can often lead to savings.

Phone Services

Whether you opt for a landline or rely solely on mobile services, the cost of phone services can range from $30 to $100 per month, depending on the plan and provider. Many residents choose mobile plans that offer data and unlimited calls, which tend to be more cost-effective.

Cost of Living for a Single Person in Henrico

For a single person, the utility costs can be relatively lower compared to larger households. On average, a single person might spend about $150 to $200 per month on utilities, including electricity, water, and internet services. This forms an integral part of the average cost of living in Henrico and should be factored into your monthly budget.

When considering utilities and services, Henrico’s costs are relatively moderate compared to national averages. However, it’s essential to be mindful of your usage and seek out energy-efficient solutions to keep costs manageable.


Transportation Costs

Henrico is serviced by the Greater Richmond Transit Company (GRTC), which provides bus routes throughout the region. A monthly pass for unlimited rides on GRTC buses costs around $60. This can be a cost-effective option for those who prefer not to drive or want to reduce their carbon footprint.

For those who own a vehicle, several factors contribute to transportation costs, including fuel, insurance, maintenance, and parking. On average, the cost of gasoline in Henrico hovers around $3.00 per gallon. Monthly fuel expenses can vary widely based on the distance traveled but typically range from $100 to $200.

Car insurance rates in Henrico average about $80 to $120 per month, depending on factors like the driver’s age, driving record, and the type of vehicle. Regular maintenance, including oil changes, tire rotations, and brake checks, adds approximately $50 to $100 monthly to your transportation budget.

While parking is generally free in residential areas, those who work or frequently visit downtown Richmond might incur parking fees. Monthly parking passes in downtown areas can cost between $50 and $150, depending on the location and demand.

Ride-sharing services like Uber and Lyft are widely available in Henrico. Costs can vary based on the distance and time of day, but for regular use, ride-sharing can add up quickly. An average short ride within Henrico might cost between $10 and $20, making it an occasional rather than daily option for most residents.


Food and Groceries

Henrico offers a variety of grocery shopping options, from national chains like Kroger and Walmart to local markets and specialty stores. On average, a typical household spends about $300 to $500 per month on groceries. This amount can vary based on dietary preferences, family size, and shopping habits. For a single person, the cost of groceries is typically around $200 to $300 per month, contributing to the overall cost of living for a single person in Henrico.

Dining out in Henrico is diverse, with options ranging from fast food to fine dining. The average cost for a meal at an inexpensive restaurant is about $12 to $20, while a three-course meal for two at a mid-range restaurant can cost around $50 to $70. Regularly dining out can significantly add to your monthly expenses, so it’s important to balance eating out with home-cooked meals to manage costs effectively.

For those who prefer fresh and organic produce, Henrico has several farmers’ markets and specialty stores. While these options can be slightly more expensive than traditional grocery stores, they offer high-quality and locally-sourced products. The additional cost for organic and specialty foods can add about $50 to $100 to your monthly grocery bill.

Effective meal planning and budgeting are crucial to managing food and grocery costs. By planning meals ahead of time, taking advantage of sales and discounts, and minimizing food waste, you can keep your monthly expenses within a reasonable range. This is particularly important for those monitoring their average cost of living in Henrico.


Healthcare Expenses

Health insurance is a significant component of healthcare expenses. The cost of health insurance varies depending on the type of plan, the level of coverage, and the provider. On average, individuals can expect to pay between $300 and $500 per month for health insurance premiums. Family plans can be more expensive, ranging from $700 to $1,200 per month. These costs should be factored into the overall monthly budget to understand the average cost of living in Henrico.

Medical services such as doctor visits, specialist consultations, and hospital stays contribute to healthcare expenses. The cost of a routine doctor’s visit typically ranges from $100 to $200 without insurance. Specialist visits can be more expensive, often costing between $200 and $400. Additionally, out-of-pocket costs for prescriptions, lab tests, and medical procedures can add up quickly. On average, individuals might spend an additional $100 to $300 per month on out-of-pocket medical expenses, impacting the overall cost of living for a single person in Henrico.

Dental and vision care are often not fully covered by standard health insurance plans, leading to additional expenses. A routine dental check-up and cleaning can cost between $75 and $200. More extensive dental work, such as fillings or root canals, can significantly increase costs. Vision care, including eye exams and prescription glasses or contact lenses, can add another $100 to $200 annually to healthcare expenses.

Henrico offers various preventive care and wellness programs aimed at maintaining health and reducing long-term healthcare costs. Immunizations, annual check-ups, and screenings are essential for early detection and prevention of health issues. Many health insurance plans cover these preventive services at no additional cost, but it’s important to check with your provider to understand the coverage details.


Education and Childcare

Education and childcare are important considerations when evaluating the monthly cost of living in Henrico, VA. These expenses can significantly impact your overall budget and provide insights into how much it costs to live in Henrico.

Public Schools

Henrico County is home to a robust public school system, known for its quality education and comprehensive programs. Public schools are funded through local taxes, so there is no direct cost for tuition. However, parents should budget for additional expenses such as school supplies, extracurricular activities, and field trips. On average, these costs can range from $300 to $600 per year per child.

Private Schools

For families considering private education, Henrico offers several prestigious private schools. Tuition for private schools can vary widely, with costs ranging from $8,000 to $20,000 per year, depending on the institution and grade level. Additional costs for uniforms, books, and activities can add another $1,000 to $3,000 annually.

Childcare and Daycare

Childcare is a significant expense for families with young children. The cost of daycare in Henrico varies depending on the type of care and the child’s age. On average, full-time daycare can cost between $800 and $1,200 per month per child. For part-time care, parents might expect to pay around $400 to $700 per month. These expenses are crucial to consider when calculating the cost of living for a single person in Henrico with children.

After-School Programs and Activities

Henrico offers a variety of after-school programs and extracurricular activities that can enhance a child’s education and development. These programs may include sports, arts, music, and academic clubs. The cost for these activities can range from $50 to $200 per month, depending on the program and level of participation.

Higher Education

For families with college-bound students, Henrico is conveniently located near several higher education institutions, including the University of Richmond and Virginia Commonwealth University. While in-state tuition for public universities is generally more affordable, averaging around $13,000 per year, private colleges and out-of-state tuition can be significantly higher.

Scholarships and Financial Aid

Many educational institutions in Henrico offer scholarships and financial aid programs to help offset the cost of tuition and other expenses. Families should explore these options to reduce the financial burden of education and make it more affordable.

Impact on Cost of Living

Education and childcare costs are essential components of the average cost of living in Henrico. These expenses can vary widely based on personal choices and needs, but they are significant factors in determining how much it costs to live in Henrico. For single individuals without children, these costs might not apply, but for families, they represent a substantial portion of the monthly budget.


Entertainment and Leisure

Whether you enjoy outdoor activities, cultural experiences, or dining out, Henrico offers a variety of options to suit different preferences and budgets.

Parks and Recreation

Henrico boasts numerous parks and recreational facilities, providing residents with ample opportunities for outdoor activities. These parks offer everything from hiking trails and picnic areas to sports fields and playgrounds. Some popular spots include:

  • Deep Run Park: A large park with trails, sports fields, and a lake, perfect for family outings and exercise.
  • Three Lakes Park: Known for its beautiful scenery and educational Nature Center, offering a great day out at little to no cost.
  • Crump Park and Meadow Farm Museum: Combining history and outdoor fun, this park offers walking trails, historical exhibits, and farm animals.

Cultural Attractions

Henrico is rich in cultural attractions that offer both educational and entertainment value:

  • Henrico Theatre: This historic theater hosts a variety of performances, including plays, concerts, and movie screenings, with ticket prices typically ranging from $10 to $30.
  • Virginia Randolph Museum: A historical site that celebrates the life and work of pioneering educator Virginia E. Randolph, providing a fascinating glimpse into the area’s history.
  • Cultural Arts Center at Glen Allen: Offering art exhibitions, workshops, and performances, this center is a hub for the local arts community.

Dining and Nightlife

Dining out is a popular leisure activity in Henrico, with a range of options to fit any budget:

  • Local Restaurants: Henrico features a variety of dining establishments, from casual eateries to fine dining. On average, a meal at an inexpensive restaurant costs about $12 to $20, while a three-course meal for two at a mid-range restaurant can range from $40 to $70.
  • Nightlife: For those who enjoy nightlife, Henrico has several bars and pubs that offer a relaxed atmosphere and a chance to socialize. The cost of a drink typically ranges from $5 to $10.

Gyms and Fitness Centers

Staying active is an important part of life for many residents. Henrico offers numerous gyms and fitness centers with membership fees varying based on the facility and level of access:

  • Monthly Gym Membership: Ranges from $20 to $60, depending on the amenities and services provided.
  • Specialized Classes: Many fitness centers offer yoga, pilates, and other specialty classes, with prices typically ranging from $10 to $25 per session.

Community Events and Festivals

Henrico hosts various community events and festivals throughout the year, providing free or low-cost entertainment options:

  • Henrico Harvest Festival: Celebrates the fall season with live music, crafts, and family-friendly activities.
  • Summer Concert Series: Free outdoor concerts held in local parks, featuring a variety of musical genres.
  • Fourth of July Celebration: An annual event with fireworks, food, and entertainment, attracting residents from across the county.

Movie Theaters and Entertainment Complexes

For movie enthusiasts, Henrico offers several theaters and entertainment complexes:

  • Regal Cinemas: A popular choice for the latest blockbusters, with ticket prices averaging around $12 for adults.
  • Bow Tie Cinemas: Known for its comfortable seating and variety of films, including indie and foreign films, with similar ticket pricing.
  • Dave & Buster’s: Combining dining, arcade games, and sports viewing, this entertainment complex is great for a fun night out.

Libraries and Educational Programs

Henrico’s libraries offer more than just books; they provide various educational and entertainment programs:

  • Henrico County Public Library: Offers free access to books, movies, and music, as well as programs such as book clubs, author talks, and children’s storytimes.
  • Workshops and Classes: Many local organizations offer workshops and classes on topics ranging from cooking to technology, often at low or no cost.



Taxes significantly impact the average cost of living and overall affordability, whether you are a single person or a family.

State and Local Taxes

Virginia has a progressive state income tax, with rates ranging from 2% to 5.75%, depending on your income bracket. Henrico residents are subject to this state income tax, which should be factored into your financial planning.

  • Income Tax Rates: For single filers, income up to $3,000 is taxed at 2%, income between $3,001 and $5,000 at 3%, between $5,001 and $17,000 at 5%, and income over $17,000 at 5.75%.
  • Local Taxes: Henrico County does not impose an additional local income tax, which helps keep the tax burden relatively lower compared to some other areas.

Property Taxes

Property taxes are a significant consideration for homeowners. In Henrico, the property tax rate is relatively moderate, impacting the cost of living for property owners.

  • Property Tax Rate: Henrico County’s property tax rate is approximately $0.87 per $100 of assessed value. For example, a home assessed at $300,000 would incur an annual property tax of around $2,610.
  • Assessment Process: Properties in Henrico are assessed periodically to determine their market value, which serves as the basis for calculating property taxes.

Sales Taxes

Sales taxes affect the cost of goods and services, contributing to the overall cost of living in Henrico.

  • State Sales Tax: Virginia’s state sales tax rate is 4.3%.
  • Local Sales Tax: Henrico County adds a 1% local sales tax, bringing the total sales tax rate to 5.3%. Some areas may have an additional regional sales tax, slightly increasing this rate for specific items.

Additional Taxes and Fees

Beyond income, property, and sales taxes, Henrico residents may encounter other taxes and fees:

  • Vehicle Taxes: Personal property taxes on vehicles are based on the vehicle’s value. For example, the tax rate in Henrico is $3.50 per $100 of assessed value.
  • Business Taxes: If you run a business in Henrico, you’ll need to consider business license taxes and other relevant fees.

Tax Benefits and Deductions

Virginia offers several tax benefits and deductions that can help reduce the overall tax burden for Henrico residents:

  • Standard Deduction: Virginia allows a standard deduction of $4,500 for single filers and $9,000 for married couples filing jointly.
  • Itemized Deductions: Taxpayers can itemize deductions for expenses such as mortgage interest, medical expenses, and charitable contributions, which may further reduce taxable income.


Miscellaneous Expenses

When calculating the monthly cost of living in Henrico, it’s essential to account for miscellaneous expenses. These costs, while sometimes overlooked, can significantly impact your budget and overall financial planning.

Personal Care and Services

Personal care and services are routine expenses that contribute to the average cost of living in Henrico. These include:

  • Haircuts and Salon Services: Depending on the salon and services, haircuts can range from $20 to $75.
  • Gym Memberships: Gym memberships in Henrico vary widely, with monthly fees ranging from $20 for basic gyms to $100 or more for premium fitness centers.
  • Healthcare Services: Beyond insurance, out-of-pocket costs for routine check-ups, dental visits, and optical care are essential to consider.

Entertainment and Leisure

Entertainment and leisure activities add to the overall cost of living, providing a better quality of life:

  • Movies and Concerts: Movie tickets typically cost around $10 to $15, while concert tickets can vary significantly based on the artist and venue.
  • Dining Out: Henrico offers a variety of dining options, from casual eateries to fine dining. A meal at an inexpensive restaurant might cost around $12, while a three-course meal at a mid-range restaurant could be about $50 for two people.
  • Recreational Activities: Memberships to local clubs, participation in sports leagues, and hobbies like golfing or fishing also contribute to your expenses.

Pet Care

For pet owners, pet care is a notable part of the monthly budget:

  • Veterinary Services: Routine vet visits can range from $50 to $100, while emergency care or surgeries can be significantly higher.
  • Pet Supplies: Monthly costs for food, grooming, and other supplies can add up, averaging $50 to $100.

Insurance Premiums

In addition to health insurance, other insurance premiums are part of the financial landscape in Henrico:

  • Auto Insurance: Premiums vary based on your vehicle, driving record, and coverage level, but the average monthly premium is around $80 to $150.
  • Homeowners or Renters Insurance: These costs depend on the value of your home or rental property and the coverage selected, typically ranging from $25 to $75 monthly.

Education and Childcare

Educational expenses, even outside of tuition and fees, contribute to the monthly cost of living:

  • School Supplies and Activities: Costs for school supplies, extracurricular activities, and field trips can add up throughout the year.
  • Childcare Services: For families with young children, daycare or babysitting services are essential. The cost varies widely, but full-time daycare can range from $800 to $1,200 per month.

Unexpected Expenses

Building a buffer for unexpected expenses is crucial for financial stability:

  • Emergency Fund: Allocating funds for emergencies, such as car repairs or medical bills, is a smart financial strategy.
  • Home Maintenance: Routine maintenance and unexpected repairs can add to your monthly expenses, so it’s wise to budget for these costs.

Understanding the various aspects of living expenses in Henrico is crucial for anyone considering a move. From housing and utilities to transportation, food, healthcare, and miscellaneous costs, the monthly cost of living in Henrico encompasses a wide range of factors. Knowing the average cost of living in Henrico helps you plan your budget more effectively.

Whether you are wondering if Henrico is expensive to live in or assessing the cost of living in Henrico, comprehensive financial planning is essential.

For those planning a move to Henrico – check out Living in Henrico,VA? Things to know before moving, this article will provide a detailed overview of what is needed to know before making a decision of moving to Henrico.