Is it cheaper to live in Richmond or Rochester?

Rochester, NY is cheaper. Its monthly baseline of $1,160 (1BR rent + utilities) runs about 17% below Richmond, VA's $1,390, mainly because of rent.

How much more do you need to earn to live in Richmond than in Rochester?

To keep rent near the recommended 30% of gross income, you'd want to earn roughly $48,000 a year in Richmond versus $34,000 in Rochester.

Which has lower taxes, Richmond or Rochester?

Richmond is taxed under Virginia's rules (a top state income tax rate of 5.75% and a 5.3% state sales tax); Rochester under New York's (a top state income tax rate of 10.90% and a 4% state sales tax).

Richmond vs Rochester Cost of Living 2026

Richmond

Virginia

$1,390/mo est.

Rochester

New York

$1,160/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,390 in Richmond, VA versus $1,160 in Rochester, NY. Overall, Rochester, NY is roughly 17% cheaper to live in day-to-day than Richmond, VA, driven mainly by rent.

Median household income is $62,671 in Richmond, VA and $46,628 in Rochester, NY — about 26% higher in Richmond, VA. Virginia has a top state income tax rate of 5.75% and a 5.3% state sales tax; New York has a top state income tax rate of 10.90% and a 4% state sales tax.

Richmond, VA

Rochester, NY

Rent

Studio

$1,183

$750

+37% in Richmond, VA

1 Bedroom

$1,195

$857

+28% in Richmond, VA

2 Bedroom

$1,374

$1,114

+19% in Richmond, VA

3 Bedroom

$1,447

$1,240

+14% in Richmond, VA

Buying a Home

Median Home Value

$328,100

$120,600

+63% in Richmond, VA

Income

Median Household Income

$62,671

$46,628

+26% in Richmond, VA

Metro Median Wage (annual)

$51,460

$51,210

+0% in Richmond, VA

People & Lifestyle

Median Age

34.5 yr

33.5 yr

+1.0 yr in Richmond, VA

Homeownership

43.5%

37.2%

+6.3 pp in Richmond, VA

Bachelor's+ (25+)

44.1%

29.9%

+14.2 pp in Richmond, VA

Avg Commute

22.1 min

18.9 min

+3.2 min in Richmond, VA

Crime (per 100k/yr)

Violent Crime

349

690

+98% in Rochester, NY

Property Crime

3,240.2

3,533.4

+9% in Rochester, NY

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

Climate

Avg Annual Temperature

58.9°F

48.2°F

+10.7°F in Richmond, VA

Annual Precipitation

43.6 in

34.3 in

+9.3 in in Richmond, VA

Gas

Regular Gasoline

$3.86/gal

$4.04/gal

+5% in Rochester, NY

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

Utilities

Electricity (¢/kWh)

17.6

29.9

+70% in Rochester, NY

Natural Gas ($/MCF)

$23.66

$22.74

+4% in Richmond, VA

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

Groceries

Milk (gal)

$4.00

$4.31

+8% in Rochester, NY

Bread (lb)

$1.75

$1.92

+10% in Rochester, NY

Eggs (doz)

$2.21

$2.19

+1% in Richmond, VA

Ground Beef (lb)

$6.45

$6.90

+7% in Rochester, NY

Chicken (lb)

$1.90

$2.19

+15% in Rochester, NY

Bananas (lb)

$0.62

$0.69

+12% in Rochester, NY

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

State Taxes

Sales Tax (VA / NY)

5.3%

+1.3 pp in VA

Income Tax (top rate)

5.75%

10.90%

+5.2 pp in NY

Richmond vs Rochester — FAQ

Is it cheaper to live in Richmond or Rochester?: Rochester, NY is cheaper. Its monthly baseline of $1,160 (1BR rent + utilities) runs about 17% below Richmond, VA's $1,390, mainly because of rent.
How much more do you need to earn to live in Richmond than in Rochester?: To keep rent near the recommended 30% of gross income, you'd want to earn roughly $48,000 a year in Richmond versus $34,000 in Rochester.
Which has lower taxes, Richmond or Rochester?: Richmond is taxed under Virginia's rules (a top state income tax rate of 5.75% and a 5.3% state sales tax); Rochester under New York's (a top state income tax rate of 10.90% and a 4% 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).