Cost of Living: Richmond, VA vs New York, NY
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,181/mo in Richmond, VA versus $4,116/mo in New York, NY. In the model, rent is about 19.15% of gross in Richmond, VA versus 25.92% in New York, NY, so Richmond, VA tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Richmond, VA and New York, NY.
At a glance
- Cheaper overall (lower cost-of-living index): Richmond, VA
- Lower rent (median 1BR/2BR): Richmond, VA
- Lower home prices: Richmond, VA
- Higher median household income: New York, NY
Cost of Living Index
Richmond, VA: 93.8 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)
Richmond, VA has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.
Median Rent
Richmond, VA: $1,249/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo
Median rent in New York, NY is $441/mo higher than in Richmond, VA.
Median Home Price
Richmond, VA: $328,100 · New York, NY: $751,700
Median home price in New York, NY is $423,600 higher than in Richmond, VA.
Median Household Income
Richmond, VA: $62,671 · New York, NY: $79,713
New York, NY has a higher median household income than Richmond, VA by $17,042.
Richmond, VA overview · New York, NY overview · Popular comparisons