Quick answer
Overall prices in the Virginia Beach, VA metro were 97.9 vs 97.9 in Richmond, VA in 2024 (US = 100), so Virginia Beach is 0.1% more expensive than Richmond; housing rents differ by 1% (99.8 vs 99.1). A $75,000 income in Virginia Beach buys about what $74,936 buys in Richmond, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Virginia Beach | Richmond | Virginia Beach vs Richmond |
|---|---|---|---|
| All items | 97.9 | 97.9 | +0.1% |
| Goods | 96.8 | 96.8 | -0.0% |
| Housing (rents) | 99.8 | 99.1 | +0.7% |
| Utilities | 89.6 | 89.2 | +0.4% |
| Other services | 98.6 | 98.6 | -0.0% |
| All items, 2008 | 100.1 | 98.1 | +2.0% |
| $50,000 in Virginia Beach equals in Richmond | $49,958 | ||
| $100,000 in Virginia Beach equals in Richmond | $99,915 | ||
| $150,000 in Virginia Beach equals in Richmond | $149,873 |
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Last updated 2026-10-16. Data only, not financial or tax advice.