Quick answer
Overall prices in the Richmond, VA metro were 97.9 vs 102.7 in Hartford, CT in 2024 (US = 100), so Richmond is 4.8% less expensive than Hartford; housing rents differ by 10% (99.1 vs 110.2). A $75,000 income in Richmond buys about what $78,746 buys in Hartford, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Richmond | Hartford | Richmond vs Hartford |
|---|---|---|---|
| All items | 97.9 | 102.7 | -4.8% |
| Goods | 96.8 | 97.3 | -0.6% |
| Housing (rents) | 99.1 | 110.2 | -10.1% |
| Utilities | 89.2 | 144.9 | -38.4% |
| Other services | 98.6 | 102.7 | -3.9% |
| All items, 2008 | 98.1 | 104.8 | -6.3% |
| $50,000 in Richmond equals in Hartford | $52,497 | ||
| $100,000 in Richmond equals in Hartford | $104,995 | ||
| $150,000 in Richmond equals in Hartford | $157,492 |
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Last updated 2026-10-16. Data only, not financial or tax advice.