Richmond vs Norfolk: Cost of Living
2%
Richmond is about 2% more expensive than Norfolk overall.
How Richmond Compares to Norfolk
Category by category
Renting
▲ 2%
Buying
▲ 21%
Goods
about the same
Services
▲ 3%
Key Facts
| Richmond | Norfolk | |
|---|---|---|
| Median Rent | $1,451/mo | $1,417/mo |
| Median Home | $377,900 | $311,200 |
| Median Income | $63,390 | $65,797 |
| State Income Tax | Up to 5.75% | Up to 5.75% |
| Sales Tax | 6% | 6% |
Housing: The Biggest Difference
Norfolk has the lower median home price by $66,700. Monthly rent is $34/month cheaper in Norfolk.
Richmond vs Norfolk FAQ
Rent is $34/month cheaper in Norfolk. Richmond's median rent is $1,451/month, while Norfolk's is $1,417/month. Source: Census ACS 2024.
Norfolk has the lower median home price at $311,200, saving $66,700 compared to Richmond. Source: Census ACS 2024.