Richmond, VA vs Tacoma, WA: 98 vs 126

$1,314/mo ↓ 18%

Median Rent

$1,597/mo ↑ 22%

$62,671/yr ↓ 25%

Median Income

$83,857/yr ↑ 34%

$328,100 ↓ 28%

Home Value

$454,600 ↑ 39%

$1,374/mo ↓ 21%

Owner Costs

$1,747/mo ↑ 27%

227,595

Population

220,482

Detailed Comparison

When comparing Richmond, VA and Tacoma, WA, the overall cost of living indices are 98 and 126 respectively (national median = 100). Rent is $283/month cheaper in Richmond, saving renters about $3,396/year.

Median household income is $21,186/year higher in Tacoma. Home values also differ significantly — the median in Richmond is $328,100 compared to $454,600 in Tacoma.

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

Frequently Asked Questions

Richmond vs Tacoma — common questions

Is Richmond or Tacoma cheaper to live in?

Based on our cost index, Richmond is cheaper to live in with an index of 98 compared to 126 (US average = 100).

What is the rent difference between Richmond and Tacoma?

Median rent in Richmond is $1,314/month and in Tacoma it's $1,597/month — a difference of $283/month.

Which city has higher income, Richmond or Tacoma?

Median household income is $62,671 in Richmond and $83,857 in Tacoma. Median household income is $21,186/year higher in Tacoma.

How do taxes compare between Virginia and Washington?

Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Washington has 0% income tax, 6.5% sales tax, and 0.92% property tax.

Should I move to Richmond or Tacoma?

It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/mo, while Tacoma has a cost index of 126 with rent of $1,597/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Richmond, VA vs Tacoma, WA (2026)

Richmond

Tacoma

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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