Cost of Living: Richmond, VA vs Hialeah, FL (2026)

Richmond

Virginia
98
VS

Hialeah

Florida
109

Richmond is 11% cheaper than Hialeah.

$1,314/mo ↓ 16%
Median Rent
$1,558/mo ↑ 19%
$62,671/yr ↑ 18%
Median Income
$53,079/yr ↓ 15%
$328,100 ↓ 9%
Home Value
$359,200 ↑ 9%
$1,374/mo ↓ 5%
Owner Costs
$1,448/mo ↑ 5%
227,595
Population
221,901

Tax Comparison

5.75%
Income Tax
0%
5.3%
Sales Tax
6.0%
0.8%
Property Tax
0.86%

Affordability

25.2%
rent-to-income
Affordability
35.2%
rent-to-income

Detailed Comparison

When comparing Richmond, VA and Hialeah, FL, the overall cost of living indices are 98 and 109 respectively (national median = 100). Rent is $244/month cheaper in Richmond, saving renters about $2,928/year.

Median household income is $9,592/year higher in Richmond. Home values also differ significantly — the median in Richmond is $328,100 compared to $359,200 in Hialeah.

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

Frequently Asked Questions

Richmond vs Hialeah — common questions

Is Richmond or Hialeah cheaper to live in?
Based on our cost index, Richmond is cheaper to live in with an index of 98 compared to 109 (US average = 100).
What is the rent difference between Richmond and Hialeah?
Median rent in Richmond is $1,314/month and in Hialeah it's $1,558/month — a difference of $244/month.
Which city has higher income, Richmond or Hialeah?
Median household income is $62,671 in Richmond and $53,079 in Hialeah. Median household income is $9,592/year higher in Richmond.
How do taxes compare between Virginia and Florida?
Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Richmond or Hialeah?
It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/mo, while Hialeah has a cost index of 109 with rent of $1,558/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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