Cost of Living: Tulsa, OK vs Richmond, VA (2026)

Tulsa

Oklahoma
67
VS

Richmond

Virginia
98

Tulsa is 32% cheaper than Richmond.

$998/mo ↓ 24%
Median Rent
$1,314/mo ↑ 32%
$58,407/yr ↓ 7%
Median Income
$62,671/yr ↑ 7%
$189,600 ↓ 42%
Home Value
$328,100 ↑ 73%
$1,027/mo ↓ 25%
Owner Costs
$1,374/mo ↑ 34%
412,322
Population
227,595

Tax Comparison

4.75%
Income Tax
5.75%
4.5%
State Sales Tax
5.3%
0.9%
Property Tax
0.8%

Affordability

20.5%
rent-to-income
Affordability
25.2%
rent-to-income

Detailed Comparison

When comparing Tulsa, OK and Richmond, VA, the overall cost of living indices are 67 and 98 respectively (national median = 100). Rent is $316/month cheaper in Tulsa, saving renters about $3,792/year.

Median household income is $4,264/year higher in Richmond. Home values also differ significantly — the median in Tulsa is $189,600 compared to $328,100 in Richmond.

Oklahoma has a lower income tax rate, making Tulsa slightly more tax-friendly.

Frequently Asked Questions

Tulsa vs Richmond — common questions

Is Tulsa or Richmond cheaper to live in?
Based on our cost index, Tulsa is cheaper to live in with an index of 67 compared to 98 (US average = 100).
What is the rent difference between Tulsa and Richmond?
Median rent in Tulsa is $998/month and in Richmond it's $1,314/month — a difference of $316/month.
Which city has higher income, Tulsa or Richmond?
Median household income is $58,407 in Tulsa and $62,671 in Richmond. Median household income is $4,264/year higher in Richmond.
How do taxes compare between Oklahoma and Virginia?
Oklahoma has 4.75% income tax, 4.5% sales tax, and 0.9% property tax. Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax.
Should I move to Tulsa or Richmond?
It depends on your priorities. Tulsa has a cost index of 67 with median rent of $998/mo, while Richmond has a cost index of 98 with rent of $1,314/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Tulsa details → View Richmond details →

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