City comparison
Cost indices by category, with the US city average (100) marked.
Index: 100 = US city average. Lower is more affordable.
Side-by-side costs, salaries, and sub-category indices.
| Metric | New York | Richmond | Difference |
|---|---|---|---|
| Median rent | $1,714/mo | $1,227/mo | 39.7% higher in A |
| Median home value | $732,100 | $308,300 | 137.5% higher in A |
| Median household income | $76,607 | $59,606 | 28.5% higher in A |
| Groceries index | 103.2 | 100.4 | 2.8% higher in A |
| Utilities index | 147.4 | 97.7 | 50.9% higher in A |
| Transportation index | 100.7 | 85.2 | 18.2% higher in A |
| Healthcare index | 99.9 | 100.2 | ≈ equal |
How much you'd need to earn in the other city to keep the same standard of living.
If you earn $100,000 in New York, you'd need $79,526 in Richmond to maintain your standard of living.
Climate, safety, and demographics side by side.
Richmond, VA is about 20.5% cheaper overall than New York, NY, based on our cost-of-living index. Housing costs are roughly 28% lower in Richmond than in New York. If you earn $80,000 in New York, you'd need about $63,621 in Richmond to keep the same standard of living.