Richmond, Virginia
What It Is Like to Retire in Richmond
Richmond is the capital of Virginia with a population over 200,000. It has a diverse economy, many wonderful institutions and a vibrant downtown. The city has a long history, including its stint as the capital of the Confedaracy during America's Civil War. The James River is the anchor of the City. The University of Richmond is one of the most beautiful campuses anywhere and adds a healthy boost of cultural offerings to an already interesting and lively cultural city. The historical presence is strong here, and one of the city's biggest tourist draws.
Here is Topretirements Mini Retirement Guide to Virginia Watch this short Youtube video prepared by Virginia is For Lovers:
Where to Retire in Richmond and Home Prices
In addition to living in the city or in a nearby suburb, there are many active communities in the Richmond area. According to the National Association of Realtors, the median home price in the 2nd quarter of 2023 was $395,000. In the city, Monument Avenue is a wide and beautiful street with beautiful mansions and statues of Confederate heroes - it is a Landmark District.
What Is Special about Richmond
Richmond is bursting with history, is the political heart of Virginia, and it is also a relatively affordable city. The University of Richmond is one of the most beautiful college campuses in America. Virginia Commonwealth University is in the heart of the downtown. Libby Hill Park offers views of the James River (and there is an extensive James River Park System). The downtown and Broad Street had a distinctly down period, but is rebounding and is attracting younger residents with stores like Steady Sounds, a vintage vinyl (record) store.
What Is Not Special about Richmond
The crime rate is well above average in Richmond. Not all pockets of the City have rebounded yet.
Who Will Like Retirement in Richmond
Those who like a good dose of culture in a charming, pretty Southern setting retire here.
Local Economy Is Driven by
Tourism, government, the universities, and health care drive the economy.
Climate and Physical Environment
Richmond has a humid subtropical climate and is tucked among low, rolling hills. It is located on the James River, midway between Washington, D.C. and the NC border. The average January temperature is about 38 degrees. July's average temperature is about 78 degrees.
Restaurants & Cultural Scene
Richmond is well known for its arts scene, which includes a symphony, opera and ballet. Other top cultural institutions include the Virginia Museum of Fine Arts, which has 380,000 sq. ft. of exhibition space and extensive Art Deco and Art Nouveau collections. The Black History Museum and Cultural Center of Virginia is another. The food scene is improving rapidly with some top choices including Pop's Market on Grace, Sara Bell's Kitchen (for take out box lunches and cupcakes that will blow you away), Supper, and Tarrant's Cafe. The home of John Marshall, former Chief Justice of the Supreme Court is an attraction.
Crime
Crime in Richmond is high.
Medical facilities
Bon Secours-St. Marys Hospital. Chippenham Hospital HCA. Hunter Holme McGuire VA Medical Center.
Transportation
The greater Richmond area is served by the Richmond International Airport and an intercity bus service. Amtrak serves Richmond, as the city is on the passenger rail system's primary north/south line between the northeast and Florida. Richmond is served by Interstates 95, 85, and 64.
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