Quick answer
Overall prices in the Cleveland, OH metro were 93.9 vs 97.9 in Richmond, VA in 2024 (US = 100), so Cleveland is 4.0% less expensive than Richmond; housing rents differ by 20% (79.4 vs 99.1). A $75,000 income in Cleveland buys about what $78,142 buys in Richmond, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Cleveland | Richmond | Cleveland vs Richmond |
|---|---|---|---|
| All items | 93.9 | 97.9 | -4.0% |
| Goods | 93.6 | 96.8 | -3.2% |
| Housing (rents) | 79.4 | 99.1 | -19.9% |
| Utilities | 96.0 | 89.2 | +7.6% |
| Other services | 98.9 | 98.6 | +0.3% |
| All items, 2008 | 92.6 | 98.1 | -5.6% |
| $50,000 in Cleveland equals in Richmond | $52,095 | ||
| $100,000 in Cleveland equals in Richmond | $104,190 | ||
| $150,000 in Cleveland equals in Richmond | $156,284 |
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Last updated 2026-10-16. Data only, not financial or tax advice.