Living Cost Compare
Norfolk

Virginia

$1,230/mo est.

vs
Richmond

Virginia

$1,390/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,230 in Norfolk, VA versus $1,390 in Richmond, VA. Overall, Norfolk, VA is roughly 12% cheaper to live in day-to-day than Richmond, VA, driven mainly by rent.

Median household income is $64,017 in Norfolk, VA and $62,671 in Richmond, VA — about 2% higher in Norfolk, VA. Both cities are in Virginia, so state taxes are identical: a top state income tax rate of 5.75% and a 5.3% state sales tax.

Rent

Studio
$1,102
$1,183
+7% in Richmond, VA
1 Bedroom
$1,032
$1,195
+16% in Richmond, VA
2 Bedroom
$1,214
$1,374
+13% in Richmond, VA
3 Bedroom
$1,602
$1,447
+10% in Norfolk, VA

Buying a Home

Median Home Value
$271,900
$328,100
+21% in Richmond, VA

Income

Median Household Income
$64,017
$62,671
+2% in Norfolk, VA
Metro Median Wage (annual)
$49,430
$51,460
+4% in Richmond, VA

People & Lifestyle

Median Age
32.4 yr
34.5 yr
+2.1 yr in Richmond, VA
Homeownership
45.7%
43.5%
+2.2 pp in Norfolk, VA
Bachelor's+ (25+)
32.7%
44.1%
+11.4 pp in Richmond, VA
Avg Commute
22.9 min
22.1 min
+0.8 min in Norfolk, VA

Crime (per 100k/yr)

Violent Crime
479.5
349
+27% in Norfolk, VA
Property Crime
3,800.7
3,240.2
+15% in Norfolk, VA

FBI Crime Data Explorer. Offenses per 100,000 residents per year; agency reporting practices vary, so this is approximate.

Climate

Avg Annual Temperature
61.3°F
58.9°F
+2.4°F in Norfolk, VA
Annual Precipitation
44.8 in
43.6 in
+1.2 in in Norfolk, VA

Gas

Regular Gasoline
$3.86/gal
$3.86/gal
about equal

Area: East Coast (PADD 1) vs East Coast (PADD 1).

Utilities

Electricity (¢/kWh)
17.6
17.6
about equal
Natural Gas ($/MCF)
$23.66
$23.66
about equal

Residential, state-level averages (EIA). MCF = 1,000 cubic feet.

Groceries

Milk (gal)
$4.00
$4.00
about equal
Bread (lb)
$1.75
$1.75
about equal
Eggs (doz)
$2.21
$2.21
about equal
Ground Beef (lb)
$6.45
$6.45
about equal
Chicken (lb)
$1.90
$1.90
about equal
Bananas (lb)
$0.62
$0.62
about equal

Average prices — South vs South (BLS). Regional where available, otherwise U.S. average.

State Taxes

Sales Tax (VA / VA)
5.3%
5.3%
about equal
Income Tax (top rate)
5.75%
5.75%
about equal

Norfolk vs Richmond — FAQ

Is it cheaper to live in Norfolk or Richmond?
Norfolk, VA is cheaper. Its monthly baseline of $1,230 (1BR rent + utilities) runs about 12% below Richmond, VA's $1,390, mainly because of rent.
How much more do you need to earn to live in Norfolk than in Richmond?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $41,000 a year in Norfolk versus $48,000 in Richmond.
Which has lower taxes, Norfolk or Richmond?
Neither — both are in Virginia, so they share the same state tax rates: a top state income tax rate of 5.75% and a 5.3% state sales tax.

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981–2010 (climate); EIA weekly retail (gas); Tax Foundation 2026 (state taxes).