Minneapolis, MN vs Richmond, VA
Cost of Living Comparison
Richmond, VA is more affordable by 7.0 index points
Side-by-Side Comparison
| Category | Minneapolis, MN | Richmond, VA | Difference |
|---|---|---|---|
| Overall | 104.8 | 97.9 | +7.0 |
| Housing | 111.8 | 99.1 | +12.7 |
| Goods | 103.1 | 96.8 | +6.3 |
| Utilities | 93.5 | 89.2 | +4.3 |
| Other Services | 104.4 | 98.6 | +5.8 |
Income & Housing Comparison
| Metric | Minneapolis, MN | Richmond, VA |
|---|---|---|
| Median Household Income | $94,673 | $80,877 |
| Median Home Value | $334,200 | $299,100 |
| Median Monthly Rent | $1,324 | $1,307 |
| Per Capita Income | $49,334 | $44,141 |
Frequently Asked Questions
Is Minneapolis, MN or Richmond, VA cheaper to live in?
Richmond, VA is more affordable. The cost of living difference is 7.0 index points (Minneapolis, MN: 104.8, Richmond, VA: 97.9).
Where is housing cheaper, Minneapolis, MN or Richmond, VA?
Housing is more affordable in Richmond, VA. Housing index: Minneapolis, MN (111.8) vs Richmond, VA (99.1).