Richmond vs Virginia Beach: Cost of Living
6%
Virginia Beach is about 6% more expensive than Richmond overall.
How Richmond Compares to Virginia Beach
Category by category
Renting
▼ 17%
Buying
▼ 6%
Goods
about the same
Services
▲ 3%
Key Facts
| Richmond | Virginia Beach | |
|---|---|---|
| Median Rent | $1,451/mo | $1,753/mo |
| Median Home | $377,900 | $403,200 |
| Median Income | $63,390 | $94,579 |
| State Income Tax | Up to 5.75% | Up to 5.75% |
| Sales Tax | 6% | 6% |
Housing: The Biggest Difference
Richmond has the lower median home price by $25,300. Monthly rent is $302/month cheaper in Richmond.
Richmond vs Virginia Beach FAQ
Rent is $302/month cheaper in Richmond. Richmond's median rent is $1,451/month, while Virginia Beach's is $1,753/month. Source: Census ACS 2024.
Richmond has the lower median home price at $377900, saving $25,300 compared to Virginia Beach. Source: Census ACS 2024.