Can I Afford to Live in Cartagena vs Richmond on $40K?

Here's how a $40K/year salary plays out in both cities after taxes, rent, and core living expenses — based on Q1 2026 data.

Cartagena, CO
$2,728/mo take-home
Rent: $560/mo (21% of take-home)
Very comfortable
Richmond, VA
$2,535/mo take-home
Rent: $1,600/mo (63% of take-home)
Difficult

Monthly budget breakdown

Cartagena
CO
Richmond
VA
Monthly take-home (est.)
$2,728Best ✓
$2,535
1BR rent
$560Best ✓
$1,600
Groceries (est.)
$380
$369Best ✓
Transport (est.)
$150
$70Best ✓
Utilities
$70Best ✓
$155
Internet
$30Best ✓
$60
Left after essentials
$1,538/month
$281/month
Cartagena (Bolívar) has no state income tax, boosting take-home vs Richmond (VA rate: 5.8%).

Frequently asked questions

Is $40K a good salary in Cartagena?

At $40K/year in Cartagena, your estimated monthly take-home is $2,728. With 1BR rent around $560/month, rent takes up 21% of your take-home. That's considered very comfortable.

Is $40K a good salary in Richmond?

At $40K/year in Richmond, your estimated monthly take-home is $2,535. With 1BR rent around $1,600/month, rent takes up 63% of your take-home. That's considered difficult.

Which city is more affordable on a $40K salary?

Cartagena leaves you with more money after core expenses — $1,538/month vs $281/month in Richmond.

Can I afford to live alone in Cartagena on $40K?

Yes. At $40K in Cartagena, rent takes 21% of your take-home, leaving $1,538/month after essentials. Most financial planners recommend keeping rent below 30%.

Compare other salary bands — Cartagena vs Richmond

$50K$60K$75K$80K$100K$120K$150K

See the full cost-of-living comparison

Rent, groceries, taxes, transportation, and more — side by side.

Full comparison

Take-home estimates use simplified federal/state brackets and do not account for pre-tax deductions, 401(k), or local taxes. Data: Zillow, BLS, Numbeo · Q1 2026 · For general guidance only