Quick answer
Overall prices in the Austin, TX metro were 98.1 vs 97.9 in Richmond, VA in 2024 (US = 100), so Austin is 0.2% more expensive than Richmond; housing rents differ by 21% (120.4 vs 99.1). A $75,000 income in Austin buys about what $74,841 buys in Richmond, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Austin | Richmond | Austin vs Richmond |
|---|---|---|---|
| All items | 98.1 | 97.9 | +0.2% |
| Goods | 93.8 | 96.8 | -3.1% |
| Housing (rents) | 120.4 | 99.1 | +21.4% |
| Utilities | 82.0 | 89.2 | -8.0% |
| Other services | 96.2 | 98.6 | -2.4% |
| All items, 2008 | 99.6 | 98.1 | +1.5% |
| $50,000 in Austin equals in Richmond | $49,894 | ||
| $100,000 in Austin equals in Richmond | $99,788 | ||
| $150,000 in Austin equals in Richmond | $149,682 |
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Last updated 2026-10-16. Data only, not financial or tax advice.