Hampton vs Richmond
Cost of Living Comparison · 2026
Hampton
Richmond
The Verdict
Hampton is 14.6% less expensive than Richmond overall. A household earning $75,000 in Hampton would need approximately $87,784 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 Hampton has the same purchasing power as $87,784 in Richmond.
Conversely, $75,000 in Richmond equals $64,078 in Hampton.
Living in Hampton vs Richmond
Housing Costs
Hampton's housing index of 102 is lower Richmond's 108, translating to median home prices of $243,000 vs $300,000. The $57,000 difference in home prices means roughly $3,708 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,175/mo in Hampton compared to $1,400/mo in Richmond, a monthly difference of $225.
Grocery & Food Costs
Grocery expenses index at 94 in Hampton and 100 in Richmond. A household spending the national average of $475/month on groceries would pay approximately $447/month in Hampton vs $475/month in Richmond. Hampton offers a meaningful advantage on everyday food costs, saving roughly $336/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 102 in Hampton and 97 in Richmond. Monthly utility bills average approximately $408 in Hampton vs $388 in Richmond. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 106 in Hampton 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 $59,400 in Hampton and $50,120 in Richmond. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $67,500 and $48,660 respectively. Hampton residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,386/month to housing in Hampton vs $1,169/month in Richmond. In Hampton, median rent of $1,175/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 Transportation, where the gap is 7 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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