salaryRichmond is 7% 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
$1,874
$1,644
🛏️ 2-bedroom rent
$1,915
$1,520
💵 Families earn per year
$98,056
$69,657
🔑 Buying a house
$581,500
$353,000
📊 Overall prices (U.S. = 100)
105.4
97.9
🏛️ Property tax per year
$5,743
$3,150
⚡ Electric bill per month
$106
$141
👥 People living there
641,165
229,359
Commute to work
24.1 min
21.7 min
College degree
53.8%
45.6%
Own their home
52%
43.5%
Below poverty line
12.7%
18.2%
Unemployment
5.8%
5.7%
Bottom line
- Pick Portland for higher incomes, a more educated workforce, less poverty.
- Pick Richmond for lower rent, cheaper 2-bedroom apartments, cheaper homes and 2 more.
Pay for the same job
| Job | Portland | Richmond | Difference |
|---|---|---|---|
| Electrician | $105,090 | $61,350 | -42% in Richmond |
| Plumber | $101,010 | $61,480 | -39% in Richmond |
| Police Officer | $97,200 | $62,720 | -35% in Richmond |
| Server (Waiter/Waitress) | $54,780 | $38,470 | -30% in Richmond |
| Carpenter | $73,710 | $51,870 | -30% in Richmond |
| Firefighter | $85,170 | $60,790 | -29% in Richmond |
| Registered Nurse | $130,310 | $93,580 | -28% in Richmond |
| Elementary School Teacher | $82,330 | $61,290 | -26% in Richmond |
Frequently asked questions
Is Portland or Richmond cheaper to live in?
Richmond is about 7% cheaper overall. Rent is $1,644 a month there versus $1,874 in Portland.
What salary do I need in Richmond to match $60,000 in Portland?
About $55,696 a year gives the same standard of living in Richmond.
Where do people earn more, Portland or Richmond?
The typical household earns $98,056 in Portland and $69,657 in Richmond, 41% more in Portland.