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Cost of living: Tampa, FL vs Richmond, VA (2024)

Quick answer

Overall prices in the Tampa, FL metro were 100.9 vs 97.9 in Richmond, VA in 2024 (US = 100), so Tampa is 3.1% more expensive than Richmond; housing rents differ by 27% (125.8 vs 99.1). A $75,000 income in Tampa buys about what $72,746 buys in Richmond, per BEA.

✓ U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Price index (US = 100)TampaRichmondTampa vs Richmond
All items100.997.9+3.1%
Goods95.596.8-1.3%
Housing (rents)125.899.1+26.9%
Utilities88.589.2-0.8%
Other services97.698.6-1.1%
All items, 2008103.398.1+5.2%
$50,000 in Tampa equals in Richmond$48,497
$100,000 in Tampa equals in Richmond$96,995
$150,000 in Tampa equals in Richmond$145,492

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Last updated 2026-10-16. Data only, not financial or tax advice.

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