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
$1,893
$1,644
🛏️ 2-bedroom rent
$1,729
$1,520
💵 Families earn per year
$87,717
$69,657
🔑 Buying a house
$420,700
$353,000
📊 Overall prices (U.S. = 100)
103.3
97.9
🏛️ Property tax per year
$1,850
$3,150
⚡ Electric bill per month
$181
$141
👥 People living there
1,642,323
229,359
Commute to work
25.6 min
21.7 min
College degree
33.6%
45.6%
Own their home
57.3%
43.5%
Below poverty line
13.7%
18.2%
Unemployment
5%
5.7%
Bottom line
- Pick Phoenix for higher incomes, less poverty, lower unemployment.
- Pick Richmond for lower rent, cheaper 2-bedroom apartments, cheaper homes and 2 more.
Pay for the same job
| Job | Phoenix | Richmond | Difference |
|---|---|---|---|
| Police Officer | $85,050 | $62,720 | -26% in Richmond |
| Server (Waiter/Waitress) | $47,530 | $38,470 | -19% in Richmond |
| Licensed Practical Nurse | $78,080 | $64,030 | -18% in Richmond |
| Carpenter | $60,320 | $51,870 | -14% in Richmond |
| Cashier | $34,920 | $30,350 | -13% in Richmond |
| Warehouse Worker | $44,950 | $40,270 | -10% in Richmond |
| Operations Manager | $98,610 | $108,670 | +10% in Richmond |
| Market Research Analyst | $74,590 | $81,660 | +9% in Richmond |
Frequently asked questions
Is Phoenix or Richmond cheaper to live in?
Richmond is about 5% cheaper overall. Rent is $1,644 a month there versus $1,893 in Phoenix.
What salary do I need in Richmond to match $60,000 in Phoenix?
About $56,830 a year gives the same standard of living in Richmond.
Where do people earn more, Phoenix or Richmond?
The typical household earns $87,717 in Phoenix and $69,657 in Richmond, 26% more in Phoenix.