Clearwater vs Richmond

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Salary Equivalence

A $75,000 salary in Clearwater has the same purchasing power as $75,000 in Richmond.

Conversely, $75,000 in Richmond equals $75,000 in Clearwater.

Living in Clearwater vs Richmond

Housing Costs

Clearwater's housing index of 115 is higher Richmond's 108, translating to median home prices of $385,000 vs $300,000. The $85,000 difference in home prices means roughly $5,520 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,625/mo in Clearwater compared to $1,400/mo in Richmond, a monthly difference of $225.

Grocery & Food Costs

Grocery expenses index at 102 in Clearwater and 100 in Richmond. A household spending the national average of $475/month on groceries would pay approximately $485/month in Clearwater vs $475/month in Richmond. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 101 in Clearwater and 97 in Richmond. Monthly utility bills average approximately $404 in Clearwater vs $388 in Richmond. Utility costs are relatively comparable between these two cities.

Healthcare

Healthcare costs index at 92 in Clearwater 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 $66,400 in Clearwater and $50,120 in Richmond. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $64,466 and $48,660 respectively. Clearwater residents enjoy stronger real purchasing power despite higher nominal wages.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $1,549/month to housing in Clearwater vs $1,169/month in Richmond. In Clearwater, median rent of $1,625/mo exceeds this threshold, suggesting renters may feel stretched. In Richmond, median rent of $1,400/mo pushes past the recommended limit. The biggest category-level difference between these two cities is Healthcare, where the gap is 8 index points — focus your budget analysis there.

Frequently Asked Questions

Moving & Relocation Resources

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