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
$1,465
$1,644
🛏️ 2-bedroom rent
$1,315
$1,520
💵 Families earn per year
$71,417
$69,657
🔑 Buying a house
$224,800
$353,000
📊 Overall prices (U.S. = 100)
95.7
97.9
🏛️ Property tax per year
$2,037
$3,150
⚡ Electric bill per month
$141
$141
👥 People living there
885,860
229,359
Commute to work
24.6 min
21.7 min
College degree
34.9%
45.6%
Own their home
56%
43.5%
Below poverty line
15.8%
18.2%
Unemployment
5.1%
5.7%
Bottom line
- Pick Indianapolis 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 | Indianapolis | Richmond | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $29,050 | $38,470 | +32% in Richmond |
| Market Research Analyst | $65,200 | $81,660 | +25% in Richmond |
| Police Officer | $83,110 | $62,720 | -25% in Richmond |
| Software Developer | $106,870 | $132,120 | +24% in Richmond |
| Carpenter | $65,070 | $51,870 | -20% in Richmond |
| Plumber | $76,980 | $61,480 | -20% in Richmond |
| Firefighter | $68,480 | $60,790 | -11% in Richmond |
| Registered Nurse | $84,230 | $93,580 | +11% in Richmond |
Frequently asked questions
Is Indianapolis or Richmond cheaper to live in?
Indianapolis 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 Indianapolis?
About $61,356 a year gives the same standard of living in Richmond.
Where do people earn more, Indianapolis or Richmond?
The typical household earns $71,417 in Indianapolis and $69,657 in Richmond, 3% more in Indianapolis.