Richmond, VA vs Frisco, TX: 98 vs 162

$1,314/mo ↓ 31%

Median Rent

$1,902/mo ↑ 45%

$62,671/yr ↓ 57%

Median Income

$146,158/yr ↑ 133%

$328,100 ↓ 45%

Home Value

$595,400 ↑ 81%

$1,374/mo ↓ 42%

Owner Costs

$2,389/mo ↑ 74%

227,595

Population

210,238

Detailed Comparison

When comparing Richmond, VA and Frisco, TX, the overall cost of living indices are 98 and 162 respectively (national median = 100). Rent is $588/month cheaper in Richmond, saving renters about $7,056/year.

Median household income is $83,487/year higher in Frisco. Home values also differ significantly — the median in Richmond is $328,100 compared to $595,400 in Frisco.

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

Frequently Asked Questions

Richmond vs Frisco — common questions

Is Richmond or Frisco cheaper to live in?

Based on our cost index, Richmond is cheaper to live in with an index of 98 compared to 162 (US average = 100).

What is the rent difference between Richmond and Frisco?

Median rent in Richmond is $1,314/month and in Frisco it's $1,902/month — a difference of $588/month.

Which city has higher income, Richmond or Frisco?

Median household income is $62,671 in Richmond and $146,158 in Frisco. Median household income is $83,487/year higher in Frisco.

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 Frisco?

It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/mo, while Frisco has a cost index of 162 with rent of $1,902/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

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

Richmond

Frisco

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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