Norfolk, VA vs Richmond, VA
Cost of Living Comparison
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Equivalent Salary
$100,000 in Norfolk, VA = $97,260 in Richmond, VA
Buying power is -2.7% lower in Richmond, VA
Median Rent
$1,246 vs $1,314
5.5% higher in Richmond, VA
Median Income
$64,017 vs $62,671
-2.1% lower in Richmond, VA
Home Value
$271,900 vs $328,100
20.7% higher in Richmond, VA
Price Level
100.7 vs 98.0
US avg = 100
Salary Needed for Median Rent
$49,800 vs $52,600
30% of gross income guideline
Rent as % of Income
23.4% vs 25.2%
Lower is more affordable