Montgomery, AL vs Richmond, VA
Cost of Living Comparison
Montgomery, AL is more affordable by 8.2 index points
Side-by-Side Comparison
| Category | Montgomery, AL | Richmond, VA | Difference |
|---|---|---|---|
| Overall | 89.7 | 97.9 | -8.2 |
| Housing | 64.3 | 99.1 | -34.8 |
| Goods | 96.4 | 96.8 | -0.4 |
| Utilities | 84.9 | 89.2 | -4.3 |
| Other Services | 96.7 | 98.6 | -1.9 |
Income & Housing Comparison
| Metric | Montgomery, AL | Richmond, VA |
|---|---|---|
| Median Household Income | $60,849 | $80,877 |
| Median Home Value | $170,300 | $299,100 |
| Median Monthly Rent | $1,032 | $1,307 |
| Per Capita Income | $33,229 | $44,141 |
Frequently Asked Questions
Is Montgomery, AL or Richmond, VA cheaper to live in?
Montgomery, AL is more affordable. The cost of living difference is 8.2 index points (Montgomery, AL: 89.7, Richmond, VA: 97.9).
Where is housing cheaper, Montgomery, AL or Richmond, VA?
Housing is more affordable in Montgomery, AL. Housing index: Montgomery, AL (64.3) vs Richmond, VA (99.1).