Quick answer
Overall prices in the Houston, TX metro were 98.6 vs 97.9 in Richmond, VA in 2024 (US = 100), so Houston is 0.8% more expensive than Richmond; housing rents differ by 5% (104.5 vs 99.1). A $75,000 income in Houston buys about what $74,414 buys in Richmond, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Houston | Richmond | Houston vs Richmond |
|---|---|---|---|
| All items | 98.6 | 97.9 | +0.8% |
| Goods | 100.6 | 96.8 | +4.0% |
| Housing (rents) | 104.5 | 99.1 | +5.4% |
| Utilities | 95.3 | 89.2 | +6.8% |
| Other services | 95.6 | 98.6 | -3.1% |
| All items, 2008 | 99.4 | 98.1 | +1.4% |
| $50,000 in Houston equals in Richmond | $49,609 | ||
| $100,000 in Houston equals in Richmond | $99,218 | ||
| $150,000 in Houston equals in Richmond | $148,827 |
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Last updated 2026-10-16. Data only, not financial or tax advice.