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

Richmond

Virginia
98
VS

Pompano Beach

Florida
109

Richmond is 10% cheaper than Pompano Beach.

$1,314/mo ↓ 20%
Median Rent
$1,636/mo ↑ 25%
$62,671/yr ↓ 2%
Median Income
$63,832/yr ↑ 2%
$328,100 ↑ 2%
Home Value
$321,900 ↓ 2%
$1,374/mo ↓ 10%
Owner Costs
$1,527/mo ↑ 11%
227,595
Population
112,212

Tax Comparison

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

Affordability

25.2%
rent-to-income
Affordability
30.8%
rent-to-income

Detailed Comparison

When comparing Richmond, VA and Pompano Beach, FL, the overall cost of living indices are 98 and 109 respectively (national median = 100). Rent is $322/month cheaper in Richmond, saving renters about $3,864/year.

Median household income is $1,161/year higher in Pompano Beach. Home values also differ significantly — the median in Richmond is $328,100 compared to $321,900 in Pompano Beach.

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

Frequently Asked Questions

Richmond vs Pompano Beach — common questions

Is Richmond or Pompano Beach 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 Pompano Beach?
Median rent in Richmond is $1,314/month and in Pompano Beach it's $1,636/month — a difference of $322/month.
Which city has higher income, Richmond or Pompano Beach?
Median household income is $62,671 in Richmond and $63,832 in Pompano Beach. Median household income is $1,161/year higher in Pompano Beach.
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 Pompano Beach?
It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/mo, while Pompano Beach has a cost index of 109 with rent of $1,636/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Richmond details → View Pompano Beach details →

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