Richmond, VA vs Lowell, MA: 98 vs 119

$1,314/mo ↓ 18%

Median Rent

$1,603/mo ↑ 22%

$62,671/yr ↓ 18%

Median Income

$76,205/yr ↑ 22%

$328,100 ↓ 17%

Home Value

$395,100 ↑ 20%

$1,374/mo ↓ 18%

Owner Costs

$1,672/mo ↑ 22%

227,595

Population

114,799

Detailed Comparison

When comparing Richmond, VA and Lowell, MA, the overall cost of living indices are 98 and 119 respectively (national median = 100). Rent is $289/month cheaper in Richmond, saving renters about $3,468/year.

Median household income is $13,534/year higher in Lowell. Home values also differ significantly — the median in Richmond is $328,100 compared to $395,100 in Lowell.

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

Frequently Asked Questions

Richmond vs Lowell — common questions

Is Richmond or Lowell 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 Lowell?

Median rent in Richmond is $1,314/month and in Lowell it's $1,603/month — a difference of $289/month.

Which city has higher income, Richmond or Lowell?

Median household income is $62,671 in Richmond and $76,205 in Lowell. Median household income is $13,534/year higher in Lowell.

How do taxes compare between Virginia and Massachusetts?

Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Massachusetts has 9.0% income tax, 6.25% sales tax, and 1.15% property tax.

Should I move to Richmond or Lowell?

It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/mo, while Lowell has a cost index of 119 with rent of $1,603/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Richmond, VA vs Lowell, MA (2026)

Richmond

Lowell

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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