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

Richmond

Virginia
98
VS

Carrollton

Texas
116

Richmond is 16% cheaper than Carrollton.

$1,314/mo ↓ 22%
Median Rent
$1,674/mo ↑ 27%
$62,671/yr ↓ 37%
Median Income
$99,115/yr ↑ 58%
$328,100 ↓ 7%
Home Value
$353,600 ↑ 8%
$1,374/mo ↓ 19%
Owner Costs
$1,689/mo ↑ 23%
227,595
Population
132,741

Tax Comparison

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

Affordability

25.2%
rent-to-income
Affordability
20.3%
rent-to-income

Detailed Comparison

When comparing Richmond, VA and Carrollton, TX, the overall cost of living indices are 98 and 116 respectively (national median = 100). Rent is $360/month cheaper in Richmond, saving renters about $4,320/year.

Median household income is $36,444/year higher in Carrollton. Home values also differ significantly — the median in Richmond is $328,100 compared to $353,600 in Carrollton.

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

Frequently Asked Questions

Richmond vs Carrollton — common questions

Is Richmond or Carrollton cheaper to live in?
Based on our cost index, Richmond is cheaper to live in with an index of 98 compared to 116 (US average = 100).
What is the rent difference between Richmond and Carrollton?
Median rent in Richmond is $1,314/month and in Carrollton it's $1,674/month — a difference of $360/month.
Which city has higher income, Richmond or Carrollton?
Median household income is $62,671 in Richmond and $99,115 in Carrollton. Median household income is $36,444/year higher in Carrollton.
How do taxes compare between Virginia and Texas?
Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Richmond or Carrollton?
It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/mo, while Carrollton has a cost index of 116 with rent of $1,674/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Richmond details → View Carrollton details →

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