Richmond, VA vs Salem, OR: 98 vs 105

$1,314/mo ≈ Same

Median Rent

$1,323/mo ≈ Same

$62,671/yr ↓ 13%

Median Income

$71,900/yr ↑ 15%

$328,100 ↓ 14%

Home Value

$382,400 ↑ 17%

$1,374/mo ↓ 5%

Owner Costs

$1,440/mo ↑ 5%

227,595

Population

176,666

Detailed Comparison

When comparing Richmond, VA and Salem, OR, the overall cost of living indices are 98 and 105 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $9,229/year higher in Salem. Home values also differ significantly — the median in Richmond is $328,100 compared to $382,400 in Salem.

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

Frequently Asked Questions

Richmond vs Salem — common questions

Is Richmond or Salem cheaper to live in?

Based on our cost index, Richmond is cheaper to live in with an index of 98 compared to 105 (US average = 100).

What is the rent difference between Richmond and Salem?

Median rent in Richmond is $1,314/month and in Salem it's $1,323/month — a difference of $9/month.

Which city has higher income, Richmond or Salem?

Median household income is $62,671 in Richmond and $71,900 in Salem. Median household income is $9,229/year higher in Salem.

How do taxes compare between Virginia and Oregon?

Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Oregon has 9.9% income tax, 0% sales tax, and 0.93% property tax.

Should I move to Richmond or Salem?

It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/mo, while Salem has a cost index of 105 with rent of $1,323/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Richmond, VA vs Salem, OR (2026)

Richmond

Salem

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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