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
$1,397
$1,644
🛏️ 2-bedroom rent
$1,121
$1,520
💵 Families earn per year
$53,969
$69,657
🔑 Buying a house
$164,200
$353,000
📊 Overall prices (U.S. = 100)
95.8
97.9
🏛️ Property tax per year
$1,622
$3,150
⚡ Electric bill per month
$99
$141
👥 People living there
276,854
229,359
Commute to work
19.9 min
21.7 min
College degree
31.2%
45.6%
Own their home
43%
43.5%
Below poverty line
26%
18.2%
Unemployment
7.3%
5.7%
Bottom line
- Pick Buffalo for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
- Pick Richmond for higher incomes, a more educated workforce, less poverty and 1 more.
Pay for the same job
| Job | Buffalo | Richmond | Difference |
|---|---|---|---|
| Dental Hygienist | $82,470 | $104,250 | +26% in Richmond |
| Police Officer | $80,950 | $62,720 | -23% in Richmond |
| Electrician | $77,930 | $61,350 | -21% in Richmond |
| Elementary School Teacher | $76,490 | $61,290 | -20% in Richmond |
| Firefighter | $74,470 | $60,790 | -18% in Richmond |
| Carpenter | $63,500 | $51,870 | -18% in Richmond |
| Server (Waiter/Waitress) | $46,580 | $38,470 | -17% in Richmond |
| Plumber | $72,230 | $61,480 | -15% in Richmond |
Frequently asked questions
Is Buffalo or Richmond cheaper to live in?
Buffalo 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 Buffalo?
About $61,261 a year gives the same standard of living in Richmond.
Where do people earn more, Buffalo or Richmond?
The typical household earns $53,969 in Buffalo and $69,657 in Richmond, 23% more in Richmond.