Norfolk is 45% cheaper than Richmond.
When comparing Norfolk, VA and Richmond, CA, the overall cost of living indices are 89 and 161 respectively (national median = 100). Rent is $649/month cheaper in Norfolk, saving renters about $7,788/year.
Median household income is $26,021/year higher in Richmond. Home values also differ significantly — the median in Norfolk is $271,900 compared to $650,100 in Richmond.
Virginia has a lower income tax rate, making Norfolk slightly more tax-friendly.
Norfolk vs Richmond — common questions
Other cost of living comparisons for Norfolk and Richmond