salaryRichmond is 3% 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
$2,185
$1,644
🛏️ 2-bedroom rent
$1,814
$1,520
💵 Families earn per year
$103,336
$69,657
🔑 Buying a house
$463,600
$353,000
📊 Overall prices (U.S. = 100)
100.7
97.9
🏛️ Property tax per year
$2,160
$3,150
⚡ Electric bill per month
$204
$141
👥 People living there
196,906
229,359
Commute to work
28.2 min
21.7 min
College degree
36.3%
45.6%
Own their home
76%
43.5%
Below poverty line
8.4%
18.2%
Unemployment
4%
5.7%
Bottom line
- Pick Peoria for higher incomes, less poverty, lower unemployment.
- Pick Richmond for lower rent, cheaper 2-bedroom apartments, cheaper homes and 2 more.
Frequently asked questions
Is Peoria or Richmond cheaper to live in?
Richmond is about 3% cheaper overall. Rent is $1,644 a month there versus $2,185 in Peoria.
What salary do I need in Richmond to match $60,000 in Peoria?
About $58,320 a year gives the same standard of living in Richmond.
Where do people earn more, Peoria or Richmond?
The typical household earns $103,336 in Peoria and $69,657 in Richmond, 48% more in Peoria.