Cost of Living: Richmond, VA vs Philadelphia, PA
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 $4,337/mo in Philadelphia, PA. In the model, rent is about 19.15% of gross in Richmond, VA versus 19.29% in Philadelphia, PA, so Richmond, VA tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Richmond, VA and Philadelphia, PA.
At a glance
- Cheaper overall (lower cost-of-living index): Richmond, VA
- Lower rent (median 1BR/2BR): Richmond, VA
- Lower home prices: Philadelphia, PA
- Higher median household income: Richmond, VA
Cost of Living Index
Richmond, VA: 93.8 (U.S. = 100) · Philadelphia, PA: 95.2 (U.S. = 100)
Richmond, VA has a lower cost-of-living index than Philadelphia, PA, so a given salary generally stretches further there.
Median Rent
Richmond, VA: $1,249/mo (midpoint of 1BR/2BR) · Philadelphia, PA: $1,257/mo
Median rent in Philadelphia, PA is $8/mo higher than in Richmond, VA.
Median Home Price
Richmond, VA: $328,100 · Philadelphia, PA: $232,400
Median home price in Richmond, VA is $95,700 higher than in Philadelphia, PA.
Median Household Income
Richmond, VA: $62,671 · Philadelphia, PA: $60,698
Richmond, VA has a higher median household income than Philadelphia, PA by $1,973.
Richmond, VA overview · Philadelphia, PA overview · Popular comparisons