salaryAbout the sameBased 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
$1,822
$1,644
🛏️ 2-bedroom rent
$1,658
$1,520
💵 Families earn per year
$92,099
$69,657
🔑 Buying a house
$415,800
$353,000
📊 Overall prices (U.S. = 100)
98.2
97.9
🏛️ Property tax per year
$3,048
$3,150
⚡ Electric bill per month
$133
$141
👥 People living there
481,031
229,359
Commute to work
23 min
21.7 min
College degree
54%
45.6%
Own their home
50.7%
43.5%
Below poverty line
11.9%
18.2%
Unemployment
4.4%
5.7%
Bottom line
- Pick Raleigh for higher incomes, a more educated workforce, less poverty and 1 more.
- Pick Richmond for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
Pay for the same job
| Job | Raleigh | Richmond | Difference |
|---|---|---|---|
| Firefighter | $45,640 | $60,790 | +33% in Richmond |
| Truck Driver | $52,110 | $58,190 | +12% in Richmond |
| Server (Waiter/Waitress) | $34,860 | $38,470 | +10% in Richmond |
| Registered Nurse | $84,830 | $93,580 | +10% in Richmond |
| Civil Engineer | $101,440 | $91,300 | -10% in Richmond |
| Lawyer | $131,920 | $144,910 | +10% in Richmond |
| Pharmacist | $133,120 | $144,940 | +9% in Richmond |
| Electrician | $56,800 | $61,350 | +8% in Richmond |
Frequently asked questions
Is Raleigh or Richmond cheaper to live in?
Raleigh and Richmond cost about the same once rent and everyday costs are combined.
What salary do I need in Richmond to match $60,000 in Raleigh?
About $59,817 a year gives the same standard of living in Richmond.
Where do people earn more, Raleigh or Richmond?
The typical household earns $92,099 in Raleigh and $69,657 in Richmond, 32% more in Raleigh.