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

Westminster

Colorado

139

Richmond

California

161

Westminster is 22% cheaper than Richmond.

$1,816/mo ↓ 4%

Median Rent

$1,895/mo ↑ 4%

$96,145/yr ↑ 7%

Median Income

$90,038/yr ↓ 6%

$497,400 ↓ 23%

Home Value

$650,100 ↑ 31%

$1,841/mo ↓ 9%

Owner Costs

$2,015/mo ↑ 9%

115,546

Population

115,396

Tax Comparison

4.4%

Income Tax

13.3%

2.9%

Sales Tax

7.25%

0.51%

Property Tax

0.71%

Affordability

22.7%

rent-to-income

Affordability

25.3%

rent-to-income

Detailed Comparison

When comparing Westminster, CO and Richmond, CA, the overall cost of living indices are 139 and 161 respectively (national median = 100). Rent is $79/month cheaper in Westminster, saving renters about $948/year.

Median household income is $6,107/year higher in Westminster. Home values also differ significantly — the median in Westminster is $497,400 compared to $650,100 in Richmond.

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

Frequently Asked Questions

Westminster vs Richmond — common questions

Is Westminster or Richmond cheaper to live in?

Based on our cost index, Westminster is cheaper to live in with an index of 139 compared to 161 (US average = 100).

What is the rent difference between Westminster and Richmond?

Median rent in Westminster is $1,816/month and in Richmond it's $1,895/month — a difference of $79/month.

Which city has higher income, Westminster or Richmond?

Median household income is $96,145 in Westminster and $90,038 in Richmond. Median household income is $6,107/year higher in Westminster.

How do taxes compare between Colorado and California?

Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. California has 13.3% income tax, 7.25% sales tax, and 0.71% property tax.

Should I move to Westminster or Richmond?

It depends on your priorities. Westminster has a cost index of 139 with median rent of $1,816/mo, while Richmond has a cost index of 161 with rent of $1,895/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.