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

Irving

Texas
102
VS

Richmond

Virginia
98

Irving is 4% more expensive than Richmond.

$1,517/mo ↑ 15%
Median Rent
$1,314/mo ↓ 13%
$79,641/yr ↑ 27%
Median Income
$62,671/yr ↓ 21%
$287,300 ↓ 12%
Home Value
$328,100 ↑ 14%
$1,521/mo ↑ 11%
Owner Costs
$1,374/mo ↓ 10%
255,036
Population
227,595

Tax Comparison

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

Affordability

22.9%
rent-to-income
Affordability
25.2%
rent-to-income

Detailed Comparison

When comparing Irving, TX and Richmond, VA, the overall cost of living indices are 102 and 98 respectively (national median = 100). Rent is $203/month cheaper in Richmond, saving renters about $2,436/year.

Median household income is $16,970/year higher in Irving. Home values also differ significantly — the median in Irving is $287,300 compared to $328,100 in Richmond.

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

Frequently Asked Questions

Irving vs Richmond — common questions

Is Irving or Richmond cheaper to live in?
Based on our cost index, Richmond is cheaper to live in with an index of 98 compared to 102 (US average = 100).
What is the rent difference between Irving and Richmond?
Median rent in Irving is $1,517/month and in Richmond it's $1,314/month — a difference of $203/month.
Which city has higher income, Irving or Richmond?
Median household income is $79,641 in Irving and $62,671 in Richmond. Median household income is $16,970/year higher in Irving.
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 Irving or Richmond?
It depends on your priorities. Irving has a cost index of 102 with median rent of $1,517/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 Irving details → View Richmond details →

More Comparisons

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