USLivingCost Salaries · Rent · Cost of Living

Richmond, VA vs. Santa Clarita, CA

Median rent is $1,314 a month in Richmond, VA and $2,486 in Santa Clarita, CA. Household income is $62,671 against $119,926. Both cities are read from the same ACS 2019-2023 5-Year Estimates and the same BEA Regional Price Parities 2023, so the two columns below are directly comparable.

$
Same standard of living
A salary of $100,000 in Richmond, VA buys what $114,893 buys in Santa Clarita, CA
+$14,893 more to keep the same standard of living
Median gross rent Monthly
$1,314 $2,486 +89.2%
Median household income Annual
$62,671 $119,926 +91.4%
Median home value Owner-occupied
$328,100 $721,000 +119.8%
Rent as share of income Annual rent ÷ income
25.2% 24.9% -0.3 pp
Price level U.S. average = 100
98.0 112.6 +14.9%
Salary needed for median rent Keeps rent at 30% of gross
$52,600 $99,400 +89.0%
Rent median income carries at 30% Affordable rent
$1,567 $2,998 +91.3%
Population City proper
227,595 229,021 +0.6%
Equivalent salary For $100,000 in Richmond
$100,000 $114,893 +14.9%

A green or red badge means the second city is higher or lower, not better or worse: a lower rent is good for a tenant, a lower household income is not. For the price level and
the share of income the raw values are shown, because a percentage difference between two
percentages is easy to misread.

What the gap means

Lower rent
$1,314
Richmond, VA · 89.2% below Santa Clarita, CA
Higher household income
$119,926
Santa Clarita, CA · 91.4% above Richmond, VA
Same standard of living
$114,893
$100,000 in Richmond, VA needs $114,893 in Santa Clarita, CA
Price level gap
14.6 points
98.0 in VA against 112.6 in CA
Rent burden gap
0.3 points
Richmond, VA versus Santa Clarita, CA, share of income taken by rent
Highest buying power
102.1%
Richmond, VA · share of the national average income that a dollar there buys

More comparisons with Richmond, VA

More comparisons with Santa Clarita, CA

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Definitions used on this page

Salary needed for the median rent
Twelve months of median gross rent divided by 0.30: the income that keeps the median rent at 30% of gross pay.
Price level
BEA regional price parity for the metro area where one is published, otherwise for the state. The national average is 100.
Same standard of living
A salary in Richmond, VA converted into Santa Clarita, CA at the ratio of the two price levels. It adjusts for prices only, not for taxes or for what either city offers.
Buying power
One hundred divided by the price level: what a dollar buys locally relative to the national average.

Sources

Margins of error are published for every Census figure. Read the methodology before reading a small gap between two cities as a real difference.

Full detail for each city: Richmond, VA · Santa Clarita, CA