Alexandria vs Richmond
Cost of Living Comparison · 2026
Alexandria
Richmond
The Verdict
Richmond is 40.8% less expensive than Alexandria overall. A household earning $75,000 in Alexandria would need approximately $53,276 in Richmond to maintain the same standard of living.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Alexandria has the same purchasing power as $53,276 in Richmond.
Conversely, $75,000 in Richmond equals $105,583 in Alexandria.
Living in Alexandria vs Richmond
Housing Costs
Alexandria's housing index of 201 is higher Richmond's 108, translating to median home prices of $590,000 vs $300,000. The $290,000 difference in home prices means roughly $18,852 per year in additional mortgage costs at current rates. Renters face a similar gap: $2,125/mo in Alexandria compared to $1,400/mo in Richmond, a monthly difference of $725.
Grocery & Food Costs
Grocery expenses index at 113 in Alexandria and 100 in Richmond. A household spending the national average of $475/month on groceries would pay approximately $537/month in Alexandria vs $475/month in Richmond. Richmond offers a meaningful advantage on everyday food costs, saving roughly $744/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 97 in Alexandria and 97 in Richmond. Monthly utility bills average approximately $388 in Alexandria vs $388 in Richmond. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 102 in Alexandria and 100 in Richmond. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.
Income & Purchasing Power
Median household income is $119,700 in Alexandria and $50,120 in Richmond. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $82,552 and $48,660 respectively. Alexandria residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $2,793/month to housing in Alexandria vs $1,169/month in Richmond. In Alexandria, median rent of $2,125/mo fits within this budget. In Richmond, median rent of $1,400/mo pushes past the recommended limit. The biggest category-level difference between these two cities is Housing, where the gap is 93 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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