Richmond, VA vs Montgomery, AL: 98 vs 64

$1,314/mo ↑ 24%

Median Rent

$1,059/mo ↓ 19%

$62,671/yr ↑ 13%

Median Income

$55,687/yr ↓ 11%

$328,100 ↑ 121%

Home Value

$148,500 ↓ 55%

$1,374/mo ↑ 34%

Owner Costs

$1,023/mo ↓ 26%

227,595

Population

198,440

Detailed Comparison

When comparing Richmond, VA and Montgomery, AL, the overall cost of living indices are 98 and 64 respectively (national median = 100). Rent is $255/month cheaper in Montgomery, saving renters about $3,060/year.

Median household income is $6,984/year higher in Richmond. Home values also differ significantly — the median in Richmond is $328,100 compared to $148,500 in Montgomery.

Alabama has a lower income tax rate, making Montgomery slightly more tax-friendly.

Frequently Asked Questions

Richmond vs Montgomery — common questions

Is Richmond or Montgomery cheaper to live in?

Based on our cost index, Montgomery is cheaper to live in with an index of 64 compared to 98 (US average = 100).

What is the rent difference between Richmond and Montgomery?

Median rent in Richmond is $1,314/month and in Montgomery it's $1,059/month — a difference of $255/month.

Which city has higher income, Richmond or Montgomery?

Median household income is $62,671 in Richmond and $55,687 in Montgomery. Median household income is $6,984/year higher in Richmond.

How do taxes compare between Virginia and Alabama?

Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Alabama has 5.0% income tax, 4.0% sales tax, and 0.41% property tax.

Should I move to Richmond or Montgomery?

It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/mo, while Montgomery has a cost index of 64 with rent of $1,059/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Richmond, VA vs Montgomery, AL (2026)

Richmond

Montgomery

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

More Comparisons