salaryRichmond is 6% 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
$1,619
$1,644
🛏️ 2-bedroom rent
$1,479
$1,520
💵 Families earn per year
$67,058
$69,657
🔑 Buying a house
$229,600
$353,000
📊 Overall prices (U.S. = 100)
104.5
97.9
🏛️ Property tax per year
$3,354
$3,150
⚡ Electric bill per month
$157
$141
👥 People living there
573,243
229,359
Commute to work
29.1 min
21.7 min
College degree
36.1%
45.6%
Own their home
47.5%
43.5%
Below poverty line
19.7%
18.2%
Unemployment
6.5%
5.7%
Bottom line
- Pick Baltimore for lower rent, cheaper 2-bedroom apartments, cheaper homes.
- Pick Richmond for higher incomes, shorter commutes, a more educated workforce and 2 more.
Pay for the same job
| Job | Baltimore | Richmond | Difference |
|---|---|---|---|
| Elementary School Teacher | $76,400 | $61,290 | -20% in Richmond |
| Police Officer | $76,530 | $62,720 | -18% in Richmond |
| Firefighter | $73,810 | $60,790 | -18% in Richmond |
| Carpenter | $62,380 | $51,870 | -17% in Richmond |
| Licensed Practical Nurse | $74,860 | $64,030 | -14% in Richmond |
| Dental Hygienist | $116,130 | $104,250 | -10% in Richmond |
| Cashier | $33,760 | $30,350 | -10% in Richmond |
| Lawyer | $132,400 | $144,910 | +9% in Richmond |
Frequently asked questions
Is Baltimore or Richmond cheaper to live in?
Richmond is about 6% cheaper overall. Rent is $1,644 a month there versus $1,619 in Baltimore.
What salary do I need in Richmond to match $60,000 in Baltimore?
About $56,193 a year gives the same standard of living in Richmond.
Where do people earn more, Baltimore or Richmond?
The typical household earns $67,058 in Baltimore and $69,657 in Richmond, 4% more in Richmond.