Chesapeake, VA vs Richmond, VA
Cost of Living Comparison
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Equivalent Salary
$100,000 in Chesapeake, VA = $97,260 in Richmond, VA
Buying power is -2.7% lower in Richmond, VA
Median Rent
$1,523 vs $1,314
-13.7% lower in Richmond, VA
Median Income
$94,189 vs $62,671
-33.5% lower in Richmond, VA
Home Value
$359,100 vs $328,100
-8.6% lower in Richmond, VA
Price Level
100.7 vs 98.0
US avg = 100
Salary Needed for Median Rent
$60,900 vs $52,600
30% of gross income guideline
Rent as % of Income
19.4% vs 25.2%
Lower is more affordable