Cost of Living: Richmond, VA vs Norfolk, VA
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 $4,181/mo in Norfolk, VA. In the model, rent is about 19.15% of gross in Richmond, VA versus 18.15% in Norfolk, VA, so Norfolk, VA tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Richmond, VA and Norfolk, VA.
At a glance
- Cheaper overall (lower cost-of-living index): Richmond, VA
- Lower rent (median 1BR/2BR): Norfolk, VA
- Lower home prices: Norfolk, VA
- Higher median household income: Norfolk, VA
Cost of Living Index
Richmond, VA: 93.8 (U.S. = 100) · Norfolk, VA: 100 (U.S. = 100)
Richmond, VA has a lower cost-of-living index than Norfolk, VA, so a given salary generally stretches further there.
Median Rent
Richmond, VA: $1,249/mo (midpoint of 1BR/2BR) · Norfolk, VA: $1,184/mo
Median rent in Richmond, VA is $65/mo higher than in Norfolk, VA.
Median Home Price
Richmond, VA: $328,100 · Norfolk, VA: $271,900
Median home price in Richmond, VA is $56,200 higher than in Norfolk, VA.
Median Household Income
Richmond, VA: $62,671 · Norfolk, VA: $64,017
Norfolk, VA has a higher median household income than Richmond, VA by $1,346.
Richmond, VA overview · Norfolk, VA overview · Popular comparisons