Quick answer
Overall prices in the Baltimore, MD metro were 104.5 vs 97.9 in Richmond, VA in 2024 (US = 100), so Baltimore is 6.8% more expensive than Richmond; housing rents differ by 19% (118.2 vs 99.1). A $75,000 income in Baltimore buys about what $70,242 buys in Richmond, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Baltimore | Richmond | Baltimore vs Richmond |
|---|---|---|---|
| All items | 104.5 | 97.9 | +6.8% |
| Goods | 102.4 | 96.8 | +5.8% |
| Housing (rents) | 118.2 | 99.1 | +19.2% |
| Utilities | 110.2 | 89.2 | +23.5% |
| Other services | 101.5 | 98.6 | +2.9% |
| All items, 2008 | 106.4 | 98.1 | +8.4% |
| $50,000 in Baltimore equals in Richmond | $46,828 | ||
| $100,000 in Baltimore equals in Richmond | $93,656 | ||
| $150,000 in Baltimore equals in Richmond | $140,484 |
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Last updated 2026-10-16. Data only, not financial or tax advice.