Quick answer
Overall prices in the New York, NY metro were 112.6 vs 97.9 in Richmond, VA in 2024 (US = 100), so New York is 15.0% more expensive than Richmond; housing rents differ by 50% (148.6 vs 99.1). A $75,000 income in New York buys about what $65,202 buys in Richmond, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | New York | Richmond | New York vs Richmond |
|---|---|---|---|
| All items | 112.6 | 97.9 | +15.0% |
| Goods | 110.3 | 96.8 | +13.9% |
| Housing (rents) | 148.6 | 99.1 | +49.9% |
| Utilities | 127.0 | 89.2 | +42.4% |
| Other services | 105.8 | 98.6 | +7.3% |
| All items, 2008 | 113.5 | 98.1 | +15.7% |
| $50,000 in New York equals in Richmond | $43,468 | ||
| $100,000 in New York equals in Richmond | $86,936 | ||
| $150,000 in New York equals in Richmond | $130,404 |
Related
- Cost of living: New York, NY vs Portland, OR (2024)
- Cost of living: New York, NY vs Providence, RI (2024)
- Cost of living: New York, NY vs Raleigh, NC (2024)
- Cost of living: New York, NY vs Riverside, CA (2024)
- Cost of living: New York, NY vs Sacramento, CA (2024)
- Cost of living: New York, NY vs Salt Lake City, UT (2024)
- Cost of living: New York, NY vs San Antonio, TX (2024)
- Cost of living: New York, NY vs San Diego, CA (2024)
Last updated 2026-10-16. Data only, not financial or tax advice.