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

Richmond

Virginia
98
VS

Denton

Texas
100

Richmond and Denton have a similar cost of living.

$1,314/mo ↓ 2%
Median Rent
$1,344/mo ↑ 2%
$62,671/yr ↓ 15%
Median Income
$73,719/yr ↑ 18%
$328,100 ≈ Same
Home Value
$325,700 ≈ Same
$1,374/mo ↓ 6%
Owner Costs
$1,461/mo ↑ 6%
227,595
Population
146,987

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
21.9%
rent-to-income

Detailed Comparison

When comparing Richmond, VA and Denton, TX, the overall cost of living indices are 98 and 100 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $11,048/year higher in Denton. Home values also differ significantly — the median in Richmond is $328,100 compared to $325,700 in Denton.

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

Frequently Asked Questions

Richmond vs Denton — common questions

Is Richmond or Denton cheaper to live in?
Based on our cost index, Richmond is cheaper to live in with an index of 98 compared to 100 (US average = 100).
What is the rent difference between Richmond and Denton?
Median rent in Richmond is $1,314/month and in Denton it's $1,344/month — a difference of $30/month.
Which city has higher income, Richmond or Denton?
Median household income is $62,671 in Richmond and $73,719 in Denton. Median household income is $11,048/year higher in Denton.
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 Denton?
It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/mo, while Denton has a cost index of 100 with rent of $1,344/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Richmond details → View Denton details →

More Comparisons

Other cost of living comparisons for Richmond and Denton

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