Richmond, VA vs Gresham, OR: 98 vs 119

$1,314/mo ↓ 13%

Median Rent

$1,508/mo ↑ 15%

$62,671/yr ↓ 15%

Median Income

$73,608/yr ↑ 17%

$328,100 ↓ 25%

Home Value

$440,000 ↑ 34%

$1,374/mo ↓ 14%

Owner Costs

$1,590/mo ↑ 16%

227,595

Population

112,818

Detailed Comparison

When comparing Richmond, VA and Gresham, OR, the overall cost of living indices are 98 and 119 respectively (national median = 100). Rent is $194/month cheaper in Richmond, saving renters about $2,328/year.

Median household income is $10,937/year higher in Gresham. Home values also differ significantly — the median in Richmond is $328,100 compared to $440,000 in Gresham.

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

Frequently Asked Questions

Richmond vs Gresham — common questions

Is Richmond or Gresham cheaper to live in?

Based on our cost index, Richmond is cheaper to live in with an index of 98 compared to 119 (US average = 100).

What is the rent difference between Richmond and Gresham?

Median rent in Richmond is $1,314/month and in Gresham it's $1,508/month — a difference of $194/month.

Which city has higher income, Richmond or Gresham?

Median household income is $62,671 in Richmond and $73,608 in Gresham. Median household income is $10,937/year higher in Gresham.

How do taxes compare between Virginia and Oregon?

Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Oregon has 9.9% income tax, 0% sales tax, and 0.93% property tax.

Should I move to Richmond or Gresham?

It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/mo, while Gresham has a cost index of 119 with rent of $1,508/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Richmond, VA vs Gresham, OR (2026)

Richmond

Gresham

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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