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
$1,723
$1,644
🛏️ 2-bedroom rent
$1,628
$1,520
💵 Families earn per year
$84,177
$69,657
🔑 Buying a house
$372,900
$353,000
📊 Overall prices (U.S. = 100)
97.3
97.9
🏛️ Property tax per year
$6,541
$3,150
⚡ Electric bill per month
$120
$141
👥 People living there
278,001
229,359
Commute to work
19.4 min
21.7 min
College degree
59.9%
45.6%
Own their home
46%
43.5%
Below poverty line
16.4%
18.2%
Unemployment
2.7%
5.7%
Bottom line
- Pick Madison for higher incomes, shorter commutes, a more educated workforce and 2 more.
- Pick Richmond for lower rent, cheaper 2-bedroom apartments, cheaper homes.
Pay for the same job
| Job | Madison | Richmond | Difference |
|---|---|---|---|
| Plumber | $85,160 | $61,480 | -28% in Richmond |
| Server (Waiter/Waitress) | $30,910 | $38,470 | +24% in Richmond |
| Police Officer | $80,580 | $62,720 | -22% in Richmond |
| Electrician | $78,430 | $61,350 | -22% in Richmond |
| Market Research Analyst | $67,990 | $81,660 | +20% in Richmond |
| Carpenter | $63,480 | $51,870 | -18% in Richmond |
| Lawyer | $124,130 | $144,910 | +17% in Richmond |
| Operations Manager | $126,620 | $108,670 | -14% in Richmond |
Frequently asked questions
Is Madison or Richmond cheaper to live in?
Madison 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 Madison?
About $60,352 a year gives the same standard of living in Richmond.
Where do people earn more, Madison or Richmond?
The typical household earns $84,177 in Madison and $69,657 in Richmond, 21% more in Madison.