Baltimore, MD vs Richmond, VA
Cost of Living Comparison
Richmond, VA is more affordable by 6.6 index points
Side-by-Side Comparison
| Category | Baltimore, MD | Richmond, VA | Difference |
|---|---|---|---|
| Overall | 104.5 | 97.9 | +6.6 |
| Housing | 118.2 | 99.1 | +19.1 |
| Goods | 102.4 | 96.8 | +5.6 |
| Utilities | 110.2 | 89.2 | +21.0 |
| Other Services | 101.5 | 98.6 | +2.9 |
Income & Housing Comparison
| Metric | Baltimore, MD | Richmond, VA |
|---|---|---|
| Median Household Income | $94,167 | $80,877 |
| Median Home Value | $357,800 | $299,100 |
| Median Monthly Rent | $1,489 | $1,307 |
| Per Capita Income | $49,218 | $44,141 |
Frequently Asked Questions
Is Baltimore, MD or Richmond, VA cheaper to live in?
Richmond, VA is more affordable. The cost of living difference is 6.6 index points (Baltimore, MD: 104.5, Richmond, VA: 97.9).
Where is housing cheaper, Baltimore, MD or Richmond, VA?
Housing is more affordable in Richmond, VA. Housing index: Baltimore, MD (118.2) vs Richmond, VA (99.1).