salaryRichmond is 14% 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
$2,538
$1,644
🛏️ 2-bedroom rent
$1,983
$1,520
💵 Families earn per year
$67,365
$69,657
🔑 Buying a house
$518,100
$353,000
📊 Overall prices (U.S. = 100)
114.2
97.9
🏛️ Property tax per year
$4,586
$3,150
⚡ Electric bill per month
$133
$141
👥 People living there
459,745
229,359
Commute to work
27.3 min
21.7 min
College degree
37.4%
45.6%
Own their home
30.8%
43.5%
Below poverty line
19.4%
18.2%
Unemployment
5.2%
5.7%
Bottom line
- Pick Miami for lower unemployment.
- Pick Richmond for lower rent, cheaper 2-bedroom apartments, higher incomes and 4 more.
Pay for the same job
| Job | Miami | Richmond | Difference |
|---|---|---|---|
| Dental Hygienist | $82,780 | $104,250 | +26% in Richmond |
| Police Officer | $79,840 | $62,720 | -21% in Richmond |
| Firefighter | $75,710 | $60,790 | -20% in Richmond |
| Truck Driver | $51,580 | $58,190 | +13% in Richmond |
| Nursing Assistant | $38,010 | $42,720 | +12% in Richmond |
| Lawyer | $160,320 | $144,910 | -10% in Richmond |
| Civil Engineer | $83,750 | $91,300 | +9% in Richmond |
| Customer Service Representative | $39,560 | $42,660 | +8% in Richmond |
Frequently asked questions
Is Miami or Richmond cheaper to live in?
Richmond is about 14% cheaper overall. Rent is $1,644 a month there versus $2,538 in Miami.
What salary do I need in Richmond to match $60,000 in Miami?
About $51,434 a year gives the same standard of living in Richmond.
Where do people earn more, Miami or Richmond?
The typical household earns $67,365 in Miami and $69,657 in Richmond, 3% more in Richmond.