El Paso, TX vs Richmond, VA: 67 vs 98

$1,041/mo ↓ 21%

Median Rent

$1,314/mo ↑ 26%

$58,734/yr ↓ 6%

Median Income

$62,671/yr ↑ 7%

$171,700 ↓ 48%

Home Value

$328,100 ↑ 91%

$1,044/mo ↓ 24%

Owner Costs

$1,374/mo ↑ 32%

678,147

Population

227,595

Detailed Comparison

When comparing El Paso, TX and Richmond, VA, the overall cost of living indices are 67 and 98 respectively (national median = 100). Rent is $273/month cheaper in El Paso, saving renters about $3,276/year.

Median household income is $3,937/year higher in Richmond. Home values also differ significantly — the median in El Paso is $171,700 compared to $328,100 in Richmond.

Texas has no state income tax, giving El Paso residents a significant tax advantage over Virginia's 5.75% rate.

Frequently Asked Questions

El Paso vs Richmond — common questions

Is El Paso or Richmond cheaper to live in?

Based on our cost index, El Paso is cheaper to live in with an index of 67 compared to 98 (US average = 100).

What is the rent difference between El Paso and Richmond?

Median rent in El Paso is $1,041/month and in Richmond it's $1,314/month — a difference of $273/month.

Which city has higher income, El Paso or Richmond?

Median household income is $58,734 in El Paso and $62,671 in Richmond. Median household income is $3,937/year higher in Richmond.

How do taxes compare between Texas and Virginia?

Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax.

Should I move to El Paso or Richmond?

It depends on your priorities. El Paso has a cost index of 67 with median rent of $1,041/mo, while Richmond has a cost index of 98 with rent of $1,314/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: El Paso, TX vs Richmond, VA (2026)

El Paso

Richmond

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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