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

Richmond

Virginia
98
VS

Lewisville

Texas
112

Richmond is 12% cheaper than Lewisville.

$1,314/mo ↓ 16%
Median Rent
$1,572/mo ↑ 20%
$62,671/yr ↓ 26%
Median Income
$85,002/yr ↑ 36%
$328,100 ↓ 6%
Home Value
$350,200 ↑ 7%
$1,374/mo ↓ 16%
Owner Costs
$1,631/mo ↑ 19%
227,595
Population
128,313

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
22.2%
rent-to-income

Detailed Comparison

When comparing Richmond, VA and Lewisville, TX, the overall cost of living indices are 98 and 112 respectively (national median = 100). Rent is $258/month cheaper in Richmond, saving renters about $3,096/year.

Median household income is $22,331/year higher in Lewisville. Home values also differ significantly — the median in Richmond is $328,100 compared to $350,200 in Lewisville.

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

Frequently Asked Questions

Richmond vs Lewisville — common questions

Is Richmond or Lewisville cheaper to live in?
Based on our cost index, Richmond is cheaper to live in with an index of 98 compared to 112 (US average = 100).
What is the rent difference between Richmond and Lewisville?
Median rent in Richmond is $1,314/month and in Lewisville it's $1,572/month — a difference of $258/month.
Which city has higher income, Richmond or Lewisville?
Median household income is $62,671 in Richmond and $85,002 in Lewisville. Median household income is $22,331/year higher in Lewisville.
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 Lewisville?
It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/mo, while Lewisville has a cost index of 112 with rent of $1,572/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Richmond details → View Lewisville details →

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