salaryAbout the sameBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Richmond to live the same way.
🏠 Rent per month
$1,401
$1,644
🛏️ 2-bedroom rent
$1,284
$1,520
💵 Families earn per year
$73,680
$69,657
🔑 Buying a house
$291,500
$353,000
📊 Overall prices (U.S. = 100)
95.5
97.9
🏛️ Property tax per year
$2,678
$3,150
⚡ Electric bill per month
$94
$141
👥 People living there
562,218
229,359
Commute to work
22.4 min
21.7 min
College degree
39.2%
45.6%
Own their home
61.8%
43.5%
Below poverty line
15.5%
18.2%
Unemployment
5.4%
5.7%
Bottom line
- Pick Albuquerque for lower rent, cheaper 2-bedroom apartments, higher incomes and 3 more.
- Pick Richmond for shorter commutes, a more educated workforce.
Pay for the same job
| Job | Albuquerque | Richmond | Difference |
|---|---|---|---|
| Firefighter | $42,420 | $60,790 | +43% in Richmond |
| Market Research Analyst | $62,040 | $81,660 | +32% in Richmond |
| Lawyer | $114,610 | $144,910 | +26% in Richmond |
| Elementary School Teacher | $75,520 | $61,290 | -19% in Richmond |
| Operations Manager | $94,640 | $108,670 | +15% in Richmond |
| Police Officer | $73,380 | $62,720 | -15% in Richmond |
| Carpenter | $60,080 | $51,870 | -14% in Richmond |
| Medical Assistant | $39,200 | $44,490 | +13% in Richmond |
Frequently asked questions
Is Albuquerque or Richmond cheaper to live in?
Albuquerque and Richmond cost about the same once rent and everyday costs are combined.
What salary do I need in Richmond to match $60,000 in Albuquerque?
About $61,452 a year gives the same standard of living in Richmond.
Where do people earn more, Albuquerque or Richmond?
The typical household earns $73,680 in Albuquerque and $69,657 in Richmond, 6% more in Albuquerque.