Cost of Living: Oklahoma City, OK vs Richmond, VA (2026)

Oklahoma City

Oklahoma City
74
VS

Richmond

Virginia
98

Oklahoma City is 24% cheaper than Richmond.

$1,083/mo ↓ 18%
Median Rent
$1,314/mo ↑ 21%
$66,702/yr ↑ 6%
Median Income
$62,671/yr ↓ 6%
$215,100 ↓ 34%
Home Value
$328,100 ↑ 53%
$1,133/mo ↓ 18%
Owner Costs
$1,374/mo ↑ 21%
688,693
Population
227,595

Tax Comparison

4.75%
Income Tax
5.75%
4.5%
State Sales Tax
5.3%
0.9%
Property Tax
0.8%

Affordability

19.5%
rent-to-income
Affordability
25.2%
rent-to-income

Detailed Comparison

When comparing Oklahoma City, OK and Richmond, VA, the overall cost of living indices are 74 and 98 respectively (national median = 100). Rent is $231/month cheaper in Oklahoma City, saving renters about $2,772/year.

Median household income is $4,031/year higher in Oklahoma City. Home values also differ significantly — the median in Oklahoma City is $215,100 compared to $328,100 in Richmond.

Oklahoma City has a lower income tax rate, making Oklahoma City slightly more tax-friendly.

Frequently Asked Questions

Oklahoma City vs Richmond — common questions

Is Oklahoma City or Richmond cheaper to live in?
Based on our cost index, Oklahoma City is cheaper to live in with an index of 74 compared to 98 (US average = 100).
What is the rent difference between Oklahoma City and Richmond?
Median rent in Oklahoma City is $1,083/month and in Richmond it's $1,314/month — a difference of $231/month.
Which city has higher income, Oklahoma City or Richmond?
Median household income is $66,702 in Oklahoma City and $62,671 in Richmond. Median household income is $4,031/year higher in Oklahoma City.
How do taxes compare between Oklahoma and Virginia?
Oklahoma has 4.75% income tax, 4.5% sales tax, and 0.9% property tax. Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax.
Should I move to Oklahoma City or Richmond?
It depends on your priorities. Oklahoma City has a cost index of 74 with median rent of $1,083/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 Oklahoma City details → View Richmond details →

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