Cost of Living: Richmond, VA vs Concord, CA (2026)

Richmond

Virginia
98
VS

Concord

California
187

Richmond is 48% cheaper than Concord.

$1,314/mo ↓ 41%
Median Rent
$2,226/mo ↑ 69%
$62,671/yr ↓ 43%
Median Income
$109,195/yr ↑ 74%
$328,100 ↓ 57%
Home Value
$755,900 ↑ 130%
$1,374/mo ↓ 40%
Owner Costs
$2,284/mo ↑ 66%
227,595
Population
124,260

Tax Comparison

5.75%
Income Tax
13.3%
5.3%
State Sales Tax
7.25%
0.8%
Property Tax
0.71%

Affordability

25.2%
rent-to-income
Affordability
24.5%
rent-to-income

Detailed Comparison

When comparing Richmond, VA and Concord, CA, the overall cost of living indices are 98 and 187 respectively (national median = 100). Rent is $912/month cheaper in Richmond, saving renters about $10,944/year.

Median household income is $46,524/year higher in Concord. Home values also differ significantly — the median in Richmond is $328,100 compared to $755,900 in Concord.

Virginia has a lower income tax rate, making Richmond slightly more tax-friendly.

Frequently Asked Questions

Richmond vs Concord — common questions

Is Richmond or Concord cheaper to live in?
Based on our cost index, Richmond is cheaper to live in with an index of 98 compared to 187 (US average = 100).
What is the rent difference between Richmond and Concord?
Median rent in Richmond is $1,314/month and in Concord it's $2,226/month — a difference of $912/month.
Which city has higher income, Richmond or Concord?
Median household income is $62,671 in Richmond and $109,195 in Concord. Median household income is $46,524/year higher in Concord.
How do taxes compare between Virginia and California?
Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. California has 13.3% income tax, 7.25% sales tax, and 0.71% property tax.
Should I move to Richmond or Concord?
It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/mo, while Concord has a cost index of 187 with rent of $2,226/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Richmond details → View Concord details →

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