salaryMontgomery is 9% 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
$1,304
$1,644
🛏️ 2-bedroom rent
$1,085
$1,520
💵 Families earn per year
$61,271
$69,657
🔑 Buying a house
$161,900
$353,000
📊 Overall prices (U.S. = 100)
89.7
97.9
🏛️ Property tax per year
$643
$3,150
⚡ Electric bill per month
$185
$141
👥 People living there
197,494
229,359
Commute to work
20.7 min
21.7 min
College degree
33.8%
45.6%
Own their home
54.4%
43.5%
Below poverty line
21.5%
18.2%
Unemployment
6.4%
5.7%
Bottom line
- Pick Montgomery 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 | Montgomery | Richmond | Difference |
|---|---|---|---|
| Dental Hygienist | $60,120 | $104,250 | +73% in Richmond |
| Server (Waiter/Waitress) | $26,360 | $38,470 | +46% in Richmond |
| Market Research Analyst | $61,240 | $81,660 | +33% in Richmond |
| Police Officer | $48,490 | $62,720 | +29% in Richmond |
| Firefighter | $48,780 | $60,790 | +25% in Richmond |
| Physician Assistant | $102,040 | $126,810 | +24% in Richmond |
| Medical Assistant | $35,810 | $44,490 | +24% in Richmond |
| Electrician | $49,910 | $61,350 | +23% in Richmond |
Frequently asked questions
Is Montgomery or Richmond cheaper to live in?
Montgomery is about 9% cheaper overall. Rent is $1,304 a month there versus $1,644 in Richmond.
What salary do I need in Richmond to match $60,000 in Montgomery?
About $65,470 a year gives the same standard of living in Richmond.
Where do people earn more, Montgomery or Richmond?
The typical household earns $61,271 in Montgomery and $69,657 in Richmond, 12% more in Richmond.