Richmond vs Billings for Families (2026)
A family-focused comparison of housing, income, taxes, and overall affordability in Richmond, VA vs Billings, MT.
- 2BR rent: $1,600/mo in Billings vs $2,000/mo — 20% difference
- More affordable homeownership in Billings: $320K median vs $330K
- Higher median household income in Billings: $60K/yr vs $60K
Family cost comparison
| Metric | Richmond Virginia | Billings Montana |
|---|---|---|
| 2BR rent/month | $2,000 | $1,600Better |
| Median home price | $330K | $320KBetter |
| Median household income | $60KBetter | $60K |
| Est. childcare/month | $1,274 | $1,157Better |
| State income tax | 5.8%Better | 6.8% |
| Sales tax (combined) | 6% | 0%Better |
Frequently asked questions
Which city is better for raising a family — Richmond or Billings?
Based on housing costs, income, and taxes, Billings scores slightly better for families overall. Billings has lower 2-bedroom rents, Billings is more affordable for homebuyers, though both cities have strong family communities.
What is the average 2-bedroom rent in Richmond vs Billings?
As of Q1 2026, median 2BR rent is $2,000/month in Richmond and $1,600/month in Billings. Billings is 20% cheaper for a 2-bedroom apartment.
Can a family afford to buy a home in Richmond or Billings?
The price-to-income ratio in Richmond is 5.5× ($330K home, $60K income) vs 5.3× in Billings. A ratio below 3× is generally considered affordable. Billings is more achievable for first-time family homebuyers.
How much does childcare cost in Richmond vs Billings?
Based on cost-of-living indices, estimated childcare (infant/toddler) runs approximately $1,274/month in Richmond and $1,157/month in Billings. These are estimates — actual costs vary by provider and program type.
Which city has lower taxes for families?
Richmond has a 5.8% state income tax rate vs Billings's 6.8% rate. For a dual-income family earning $120K combined, the difference can mean $60+/month in take-home.
Childcare estimates based on national average scaled by COL index. Data: Zillow, BLS, Numbeo, Tax Foundation · Q1 2026
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