Moving from Madison to Richmond (2026)
Richmond has a COL index of 98 vs 97 for Madison (100 = US average). Expect to pay about 1% more for the same lifestyle.
Key differences
Salary needed in Richmond to match your Madison lifestyle
Based on the 1% cost of living increase between the two cities.
| Your salary in Madison | Equivalent in Richmond |
|---|---|
| $40K | $40,412 |
| $50K | $50,515 |
| $60K | $60,619 |
| $75K | $75,773 |
| $80K | $80,825 |
| $100K | $101,031 |
| $120K | $121,237 |
| $150K | $151,546 |
Monthly budget at $75K — Madison vs Richmond
| Expense | Madison | Richmond |
|---|---|---|
| Monthly take-home | $4,259 | $4,378 |
| 1BR rent | $1,650 | $1,600 |
| Groceries | $384 | $369 |
| Transport | $62 | $70 |
| Utilities | $162 | $155 |
| Internet | $63 | $60 |
| Left after essentials | $1,938 | $2,124 |
Frequently asked questions
Is Richmond cheaper than Madison?
No. Richmond has a cost of living index of 98 vs 97 for Madison (100 = US average). That's about 1% more expensive.
How much will I save moving from Madison to Richmond?
On a $75K salary, moving from Madison to Richmond could save roughly $67/month on core expenses. That's ~$804/year.
What salary do I need in Richmond to match my Madison lifestyle?
To maintain the same purchasing power as $75,000 in Madison, you'd need roughly $75,773/year in Richmond. This is based on the overall COL index difference between the two cities.
Estimates based on Q1 2026 COL index and market data. Budget uses simplified federal/state tax rates at $75K. Zillow · BLS · Numbeo · For general guidance only