Richmond, VA vs Cary, NC: 98 vs 135

$1,314/mo ↓ 19%

Median Rent

$1,621/mo ↑ 23%

$62,671/yr ↓ 52%

Median Income

$129,399/yr ↑ 106%

$328,100 ↓ 38%

Home Value

$525,200 ↑ 60%

$1,374/mo ↓ 21%

Owner Costs

$1,744/mo ↑ 27%

227,595

Population

176,686

Detailed Comparison

When comparing Richmond, VA and Cary, NC, the overall cost of living indices are 98 and 135 respectively (national median = 100). Rent is $307/month cheaper in Richmond, saving renters about $3,684/year.

Median household income is $66,728/year higher in Cary. Home values also differ significantly — the median in Richmond is $328,100 compared to $525,200 in Cary.

North Carolina has a lower income tax rate, making Cary slightly more tax-friendly.

Frequently Asked Questions

Richmond vs Cary — common questions

Is Richmond or Cary cheaper to live in?

Based on our cost index, Richmond is cheaper to live in with an index of 98 compared to 135 (US average = 100).

What is the rent difference between Richmond and Cary?

Median rent in Richmond is $1,314/month and in Cary it's $1,621/month — a difference of $307/month.

Which city has higher income, Richmond or Cary?

Median household income is $62,671 in Richmond and $129,399 in Cary. Median household income is $66,728/year higher in Cary.

How do taxes compare between Virginia and North Carolina?

Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. North Carolina has 4.5% income tax, 4.75% sales tax, and 0.8% property tax.

Should I move to Richmond or Cary?

It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/mo, while Cary has a cost index of 135 with rent of $1,621/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Richmond, VA vs Cary, NC (2026)

Richmond

Cary

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

More Comparisons