Raleigh, NC vs Richmond, VA
Cost of Living Comparison
Richmond, VA is more affordable by 0.3 index points
Side-by-Side Comparison
| Category | Raleigh, NC | Richmond, VA | Difference |
|---|---|---|---|
| Overall | 98.2 | 97.9 | +0.3 |
| Housing | 103.5 | 99.1 | +4.3 |
| Goods | 96.6 | 96.8 | -0.2 |
| Utilities | 89.0 | 89.2 | -0.3 |
| Other Services | 98.2 | 98.6 | -0.4 |
Income & Housing Comparison
| Metric | Raleigh, NC | Richmond, VA |
|---|---|---|
| Median Household Income | $91,818 | $80,877 |
| Median Home Value | $347,600 | $299,100 |
| Median Monthly Rent | $1,366 | $1,307 |
| Per Capita Income | $47,031 | $44,141 |
Frequently Asked Questions
Is Raleigh, NC or Richmond, VA cheaper to live in?
Richmond, VA is more affordable. The cost of living difference is 0.3 index points (Raleigh, NC: 98.2, Richmond, VA: 97.9).
Where is housing cheaper, Raleigh, NC or Richmond, VA?
Housing is more affordable in Richmond, VA. Housing index: Raleigh, NC (103.5) vs Richmond, VA (99.1).