What is the cost of living in Richmond?

The cost of living in Richmond is 45.2% cheaper than New York City (index: 54.8). Groceries are 25.9% cheaper than NYC. Restaurants are 8.6% cheaper than NYC. A 1-bedroom apartment in the city centre costs approximately USD 1,685 per month. Local purchasing power index is 152.3 (NYC = 100).

🇺🇸 VA, United States · #91 of 577 cities · 2026

Should I Move to Richmond?

Q: Should I move to Richmond?

Richmond, VA, United States has a cost of living 45.2% cheaper than New York City (index: 54.8). It is ranked #91 out of 577 cities globally. Local purchasing power is very strong (index: 152.3 vs NYC = 100). Use our salary comparison calculator to see exactly how your take-home pay would change.

45.2% cheaper than NYC, and purchasing power is very strong.

Run the calculator below with your actual salary to get a personalised answer.

-45.2%

vs NYC

USD 1,685

1-BR, city centre

152.3

Purchasing Power

Very strong

Purchasing Power

Cost index: Numbeo, blended with Expatistan and LivingCost where available (NYC = 100) · Data from October 2026

Personalised Answer

Compare your salary: move to Richmond?

Cost breakdown: Richmond

Cost indices vs NYC = 100

Cost of Living

54.8 Expensive

Rent

37.8 Affordable

Groceries

74.1 Moderate

Restaurants

91.4 Above average

Purchasing Power

152.3 Very strong

Rent in Richmond

1-BR, city centre USD 1,685/mo

1-BR, outside centre USD 1,500/mo

3-BR, city centre USD 2,535/mo

3-BR, outside centre USD 2,505/mo

Save by going outside centre 11% cheaper

Numbeo · 2026-10-02

Considering alternatives?

Cities in the same country or region with a comparable cost of living.

🇺🇸 Arlington

VA, United States

CoL index 57.7

Compare Arlington vs Richmond →

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