Cost of Living: Henderson, NV vs Richmond, VA (2026)

Henderson

Nevada
131
VS

Richmond

Virginia
98

Henderson is 34% more expensive than Richmond.

$1,750/mo ↑ 33%
Median Rent
$1,314/mo ↓ 25%
$88,654/yr ↑ 41%
Median Income
$62,671/yr ↓ 29%
$465,000 ↑ 42%
Home Value
$328,100 ↓ 29%
$1,686/mo ↑ 23%
Owner Costs
$1,374/mo ↓ 19%
324,523
Population
227,595

Tax Comparison

0%
Income Tax
5.75%
6.85%
State Sales Tax
5.3%
0.53%
Property Tax
0.8%

Affordability

23.7%
rent-to-income
Affordability
25.2%
rent-to-income

Detailed Comparison

When comparing Henderson, NV and Richmond, VA, the overall cost of living indices are 131 and 98 respectively (national median = 100). Rent is $436/month cheaper in Richmond, saving renters about $5,232/year.

Median household income is $25,983/year higher in Henderson. Home values also differ significantly — the median in Henderson is $465,000 compared to $328,100 in Richmond.

Nevada has no state income tax, giving Henderson residents a significant tax advantage over Virginia's 5.75% rate.

Frequently Asked Questions

Henderson vs Richmond — common questions

Is Henderson or Richmond cheaper to live in?
Based on our cost index, Richmond is cheaper to live in with an index of 98 compared to 131 (US average = 100).
What is the rent difference between Henderson and Richmond?
Median rent in Henderson is $1,750/month and in Richmond it's $1,314/month — a difference of $436/month.
Which city has higher income, Henderson or Richmond?
Median household income is $88,654 in Henderson and $62,671 in Richmond. Median household income is $25,983/year higher in Henderson.
How do taxes compare between Nevada and Virginia?
Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax. Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax.
Should I move to Henderson or Richmond?
It depends on your priorities. Henderson has a cost index of 131 with median rent of $1,750/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 Henderson details → View Richmond details →

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