salaryRichmond is 5% 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
$1,814
$1,644
🛏️ 2-bedroom rent
$1,623
$1,520
💵 Families earn per year
$66,816
$69,657
🔑 Buying a house
$243,100
$353,000
📊 Overall prices (U.S. = 100)
102.6
97.9
🏛️ Property tax per year
$2,003
$3,150
⚡ Electric bill per month
$112
$141
👥 People living there
1,579,706
229,359
Commute to work
31.7 min
21.7 min
College degree
35.4%
45.6%
Own their home
51.8%
43.5%
Below poverty line
21.4%
18.2%
Unemployment
8.1%
5.7%
Bottom line
- Pick Philadelphia for cheaper homes.
- Pick Richmond for lower rent, cheaper 2-bedroom apartments, higher incomes and 4 more.
Pay for the same job
| Job | Philadelphia | Richmond | Difference |
|---|---|---|---|
| Police Officer | $89,580 | $62,720 | -30% in Richmond |
| Firefighter | $78,050 | $60,790 | -22% in Richmond |
| Elementary School Teacher | $78,570 | $61,290 | -22% in Richmond |
| Plumber | $74,860 | $61,480 | -18% in Richmond |
| Electrician | $74,590 | $61,350 | -18% in Richmond |
| Carpenter | $61,780 | $51,870 | -16% in Richmond |
| Lawyer | $170,660 | $144,910 | -15% in Richmond |
| Operations Manager | $121,630 | $108,670 | -11% in Richmond |
Frequently asked questions
Is Philadelphia or Richmond cheaper to live in?
Richmond is about 5% cheaper overall. Rent is $1,644 a month there versus $1,814 in Philadelphia.
What salary do I need in Richmond to match $60,000 in Philadelphia?
About $57,253 a year gives the same standard of living in Richmond.
Where do people earn more, Philadelphia or Richmond?
The typical household earns $66,816 in Philadelphia and $69,657 in Richmond, 4% more in Richmond.