Cost of Living: Fort Worth, TX vs Richmond, VA (2026)

Fort Worth

Texas
97
VS

Richmond

Virginia
98

Fort Worth and Richmond have a similar cost of living.

$1,412/mo ↑ 7%
Median Rent
$1,314/mo ↓ 7%
$76,602/yr ↑ 22%
Median Income
$62,671/yr ↓ 18%
$277,300 ↓ 15%
Home Value
$328,100 ↑ 18%
$1,489/mo ↑ 8%
Owner Costs
$1,374/mo ↓ 8%
941,311
Population
227,595

Tax Comparison

0%
Income Tax
5.75%
6.25%
State Sales Tax
5.3%
1.6%
Property Tax
0.8%

Affordability

22.1%
rent-to-income
Affordability
25.2%
rent-to-income

Detailed Comparison

When comparing Fort Worth, TX and Richmond, VA, the overall cost of living indices are 97 and 98 respectively (national median = 100). Rent is $98/month cheaper in Richmond, saving renters about $1,176/year.

Median household income is $13,931/year higher in Fort Worth. Home values also differ significantly — the median in Fort Worth is $277,300 compared to $328,100 in Richmond.

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

Frequently Asked Questions

Fort Worth vs Richmond — common questions

Is Fort Worth or Richmond cheaper to live in?
Based on our cost index, Fort Worth is cheaper to live in with an index of 97 compared to 98 (US average = 100).
What is the rent difference between Fort Worth and Richmond?
Median rent in Fort Worth is $1,412/month and in Richmond it's $1,314/month — a difference of $98/month.
Which city has higher income, Fort Worth or Richmond?
Median household income is $76,602 in Fort Worth and $62,671 in Richmond. Median household income is $13,931/year higher in Fort Worth.
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 Fort Worth or Richmond?
It depends on your priorities. Fort Worth has a cost index of 97 with median rent of $1,412/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.
View Fort Worth details → View Richmond details →

More Comparisons

Other cost of living comparisons for Fort Worth and Richmond

Fort Worth vs. Jacksonville Fort Worth vs. Columbus Fort Worth vs. Austin Fort Worth vs. Charlotte Fort Worth vs. San Jose Fort Worth vs. Indianapolis Richmond vs. Fremont Richmond vs. Baton Rouge Richmond vs. Santa Clarita Richmond vs. Hialeah Richmond vs. Spokane Richmond vs. San Bernardino