Quick answer
Overall prices in the Los Angeles, CA metro were 113.6 vs 97.9 in Richmond, VA in 2024 (US = 100), so Los Angeles is 16.1% more expensive than Richmond; housing rents differ by 72% (170.4 vs 99.1). A $75,000 income in Los Angeles buys about what $64,626 buys in Richmond, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Los Angeles | Richmond | Los Angeles vs Richmond |
|---|---|---|---|
| All items | 113.6 | 97.9 | +16.1% |
| Goods | 106.6 | 96.8 | +10.2% |
| Housing (rents) | 170.4 | 99.1 | +71.9% |
| Utilities | 158.6 | 89.2 | +77.7% |
| Other services | 104.4 | 98.6 | +5.8% |
| All items, 2008 | 113.3 | 98.1 | +15.5% |
| $50,000 in Los Angeles equals in Richmond | $43,084 | ||
| $100,000 in Los Angeles equals in Richmond | $86,168 | ||
| $150,000 in Los Angeles equals in Richmond | $129,253 |
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Last updated 2026-10-16. Data only, not financial or tax advice.