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 | Norfolk | Richmond | Difference |
|---|---|---|---|
| Median rent | $1,188/mo | $1,227/mo | 3.2% lower in A |
| Median home value | $254,200 | $308,300 | 17.5% lower in A |
| Median household income | $60,998 | $59,606 | 2.3% higher in A |
| Groceries index | 99.9 | 100.4 | ≈ equal |
| Utilities index | 97.1 | 97.7 | 0.6% lower in A |
| Transportation index | 84.4 | 85.2 | 0.9% lower in A |
| Healthcare index | 99.0 | 100.2 | 1.2% lower in A |
How much you'd need to earn in the other city to keep the same standard of living.
If you earn $100,000 in Norfolk, you'd need $101,849 in Richmond to maintain your standard of living.
Climate, safety, and demographics side by side.
Norfolk, VA is about 1.8% cheaper overall than Richmond, VA, based on our cost-of-living index. Housing costs are roughly 3% lower in Norfolk than in Richmond. If you earn $80,000 in Norfolk, you'd need about $81,479 in Richmond to keep the same standard of living.