Farmington, NM vs Richmond, VA
Cost of Living Comparison
Farmington, NM is more affordable by 10.2 index points
Side-by-Side Comparison
| Category | Farmington, NM | Richmond, VA | Difference |
|---|---|---|---|
| Overall | 87.7 | 97.9 | -10.2 |
| Housing | 56.6 | 99.1 | -42.6 |
| Goods | 96.1 | 96.8 | -0.6 |
| Utilities | 77.9 | 89.2 | -11.4 |
| Other Services | 98.5 | 98.6 | -0.1 |
Income & Housing Comparison
| Metric | Farmington, NM | Richmond, VA |
|---|---|---|
| Median Household Income | $50,734 | $80,877 |
| Median Home Value | $170,700 | $299,100 |
| Median Monthly Rent | $894 | $1,307 |
| Per Capita Income | $25,008 | $44,141 |
Frequently Asked Questions
Is Farmington, NM or Richmond, VA cheaper to live in?
Farmington, NM is more affordable. The cost of living difference is 10.2 index points (Farmington, NM: 87.7, Richmond, VA: 97.9).
Where is housing cheaper, Farmington, NM or Richmond, VA?
Housing is more affordable in Farmington, NM. Housing index: Farmington, NM (56.6) vs Richmond, VA (99.1).