salaryRichmond is 7% cheaperBased 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
$1,651
$1,644
🛏️ 2-bedroom rent
$1,565
$1,520
💵 Families earn per year
$111,392
$69,657
🔑 Buying a house
$395,900
$353,000
📊 Overall prices (U.S. = 100)
105.4
97.9
🏛️ Property tax per year
$4,982
$3,150
⚡ Electric bill per month
$136
$141
👥 People living there
288,976
229,359
Commute to work
18.8 min
21.7 min
College degree
38.7%
45.6%
Own their home
63.9%
43.5%
Below poverty line
8.9%
18.2%
Unemployment
4.6%
5.7%
Bottom line
- Pick Anchorage for higher incomes, shorter commutes, less poverty and 1 more.
- Pick Richmond for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
Pay for the same job
| Job | Anchorage | Richmond | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $26,080 | $38,470 | +48% in Richmond |
| Police Officer | $115,020 | $62,720 | -45% in Richmond |
| Plumber | $93,600 | $61,480 | -34% in Richmond |
| HVAC Technician | $85,620 | $59,130 | -31% in Richmond |
| Carpenter | $72,800 | $51,870 | -29% in Richmond |
| Software Developer | $104,030 | $132,120 | +27% in Richmond |
| Electrician | $82,440 | $61,350 | -26% in Richmond |
| Elementary School Teacher | $79,270 | $61,290 | -23% in Richmond |
Frequently asked questions
Is Anchorage or Richmond cheaper to live in?
Richmond is about 7% cheaper overall. Rent is $1,644 a month there versus $1,651 in Anchorage.
What salary do I need in Richmond to match $60,000 in Anchorage?
About $55,696 a year gives the same standard of living in Richmond.
Where do people earn more, Anchorage or Richmond?
The typical household earns $111,392 in Anchorage and $69,657 in Richmond, 60% more in Anchorage.