Chicago, IL vs Richmond, VA
Cost of Living Comparison
Richmond, VA is more affordable by 5.7 index points
Side-by-Side Comparison
| Category | Chicago, IL | Richmond, VA | Difference |
|---|---|---|---|
| Overall | 103.6 | 97.9 | +5.7 |
| Housing | 112.0 | 99.1 | +12.9 |
| Goods | 107.3 | 96.8 | +10.5 |
| Utilities | 83.6 | 89.2 | -5.6 |
| Other Services | 100.5 | 98.6 | +1.9 |
Income & Housing Comparison
| Metric | Chicago, IL | Richmond, VA |
|---|---|---|
| Median Household Income | $85,087 | $80,877 |
| Median Home Value | $288,400 | $299,100 |
| Median Monthly Rent | $1,310 | $1,307 |
| Per Capita Income | $45,977 | $44,141 |
Frequently Asked Questions
Is Chicago, IL or Richmond, VA cheaper to live in?
Richmond, VA is more affordable. The cost of living difference is 5.7 index points (Chicago, IL: 103.6, Richmond, VA: 97.9).
Where is housing cheaper, Chicago, IL or Richmond, VA?
Housing is more affordable in Richmond, VA. Housing index: Chicago, IL (112.0) vs Richmond, VA (99.1).