Cheapest Cities Near Richmond (2026)

Richmond has a cost of living index of 98 (US avg = 100). Here are 8 more affordable metros to consider as alternatives.

More affordable alternatives

1
Flint, MI21% cheaper
COL: 771BR: $880/moSave $720/mo on rent
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2
McAllen, TX20% cheaper
COL: 781BR: $950/moSave $650/mo on rent
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3
Jackson, MS19% cheaper
COL: 791BR: $1,000/moSave $600/mo on rent
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4
Springfield, MO19% cheaper
COL: 791BR: $950/moSave $650/mo on rent
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5
Laredo, TX19% cheaper
COL: 791BR: $950/moSave $650/mo on rent
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6
Evansville, IN18% cheaper
COL: 801BR: $990/moSave $610/mo on rent
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7
Topeka, KS18% cheaper
COL: 801BR: $940/moSave $660/mo on rent
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8
El Paso, TX18% cheaper
COL: 801BR: $1,050/moSave $550/mo on rent
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Richmond at a glance

98
COL index
100 = US avg
$1,600
1BR rent
per month
$330K
Home price
median
5.8%
State tax
income

Cities with similar cost of living

Springfield, MACOL: 98Carmel, INCOL: 98Dallas, TXCOL: 99Charleston, SCCOL: 97

COL index sourced from Numbeo, Zillow, and BLS data · Q1 2026 · For general guidance only