Quick answer
Overall prices in the Milwaukee, WI metro were 96.9 vs 97.9 in Richmond, VA in 2024 (US = 100), so Milwaukee is 0.9% less expensive than Richmond; housing rents differ by 2% (97.1 vs 99.1). A $75,000 income in Milwaukee buys about what $75,713 buys in Richmond, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Milwaukee | Richmond | Milwaukee vs Richmond |
|---|---|---|---|
| All items | 96.9 | 97.9 | -0.9% |
| Goods | 93.8 | 96.8 | -3.1% |
| Housing (rents) | 97.1 | 99.1 | -2.0% |
| Utilities | 91.6 | 89.2 | +2.7% |
| Other services | 99.4 | 98.6 | +0.8% |
| All items, 2008 | 97.7 | 98.1 | -0.4% |
| $50,000 in Milwaukee equals in Richmond | $50,475 | ||
| $100,000 in Milwaukee equals in Richmond | $100,950 | ||
| $150,000 in Milwaukee equals in Richmond | $151,425 |
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Last updated 2026-10-16. Data only, not financial or tax advice.