Cost of Living: Richmond, VA vs Newport, RI
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 $4,167/mo in Newport, RI. In the model, rent is about 19.15% of gross in Richmond, VA versus 23.49% in Newport, RI, so Richmond, VA tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Richmond, VA and Newport, RI.
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: Newport, RI
Cost of Living Index
Richmond, VA: 93.8 (U.S. = 100) · Newport, RI: 100 (U.S. = 100)
Richmond, VA has a lower cost-of-living index than Newport, RI, so a given salary generally stretches further there.
Median Rent
Richmond, VA: $1,249/mo (midpoint of 1BR/2BR) · Newport, RI: $1,532/mo
Median rent in Newport, RI is $283/mo higher than in Richmond, VA.
Median Home Price
Richmond, VA: $328,100 · Newport, RI: $669,500
Median home price in Newport, RI is $341,400 higher than in Richmond, VA.
Median Household Income
Richmond, VA: $62,671 · Newport, RI: $83,562
Newport, RI has a higher median household income than Richmond, VA by $20,891.
Richmond, VA overview · Newport, RI overview · Popular comparisons