Quick answer
Overall prices in the Richmond, VA metro were 97.9 vs 100.9 in Salt Lake City, UT in 2024 (US = 100), so Richmond is 3.0% less expensive than Salt Lake City; housing rents differ by 20% (99.1 vs 123.3). A $75,000 income in Richmond buys about what $77,307 buys in Salt Lake City, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Richmond | Salt Lake City | Richmond vs Salt Lake City |
|---|---|---|---|
| All items | 97.9 | 100.9 | -3.0% |
| Goods | 96.8 | 96.4 | +0.3% |
| Housing (rents) | 99.1 | 123.3 | -19.6% |
| Utilities | 89.2 | 79.0 | +12.9% |
| Other services | 98.6 | 99.0 | -0.4% |
| All items, 2008 | 98.1 | 98.5 | -0.4% |
| $50,000 in Richmond equals in Salt Lake City | $51,538 | ||
| $100,000 in Richmond equals in Salt Lake City | $103,076 | ||
| $150,000 in Richmond equals in Salt Lake City | $154,614 |
Related
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Last updated 2026-10-16. Data only, not financial or tax advice.