Cost of Living: Richmond, VA vs Westminster, CO (2026)

Richmond

Virginia
98
VS

Westminster

Colorado
139

Richmond is 29% cheaper than Westminster.

$1,314/mo ↓ 28%
Median Rent
$1,816/mo ↑ 38%
$62,671/yr ↓ 35%
Median Income
$96,145/yr ↑ 53%
$328,100 ↓ 34%
Home Value
$497,400 ↑ 52%
$1,374/mo ↓ 25%
Owner Costs
$1,841/mo ↑ 34%
227,595
Population
115,546

Tax Comparison

5.75%
Income Tax
4.4%
5.3%
State Sales Tax
2.9%
0.8%
Property Tax
0.51%

Affordability

25.2%
rent-to-income
Affordability
22.7%
rent-to-income

Detailed Comparison

When comparing Richmond, VA and Westminster, CO, the overall cost of living indices are 98 and 139 respectively (national median = 100). Rent is $502/month cheaper in Richmond, saving renters about $6,024/year.

Median household income is $33,474/year higher in Westminster. Home values also differ significantly — the median in Richmond is $328,100 compared to $497,400 in Westminster.

Colorado has a lower income tax rate, making Westminster slightly more tax-friendly.

Frequently Asked Questions

Richmond vs Westminster — common questions

Is Richmond or Westminster cheaper to live in?
Based on our cost index, Richmond is cheaper to live in with an index of 98 compared to 139 (US average = 100).
What is the rent difference between Richmond and Westminster?
Median rent in Richmond is $1,314/month and in Westminster it's $1,816/month — a difference of $502/month.
Which city has higher income, Richmond or Westminster?
Median household income is $62,671 in Richmond and $96,145 in Westminster. Median household income is $33,474/year higher in Westminster.
How do taxes compare between Virginia and Colorado?
Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Richmond or Westminster?
It depends on your priorities. Richmond has a cost index of 98 with median rent of $1,314/mo, while Westminster has a cost index of 139 with rent of $1,816/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Richmond details → View Westminster details →

More Comparisons

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