Detroit, MI vs Richmond, VA
Cost of Living Comparison
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Equivalent Salary
$100,000 in Detroit, MI = $99,981 in Richmond, VA
Buying power is -0.0% lower in Richmond, VA
Median Rent
$1,034 vs $1,314
27.1% higher in Richmond, VA
Median Income
$39,575 vs $62,671
58.4% higher in Richmond, VA
Home Value
$76,800 vs $328,100
327.2% higher in Richmond, VA
Price Level
98.0 vs 98.0
US avg = 100
Salary Needed for Median Rent
$41,400 vs $52,600
30% of gross income guideline
Rent as % of Income
31.4% vs 25.2%
Lower is more affordable