Moving from Baltimore to Richmond?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your Baltimore lifestyle in Richmond, you'd need to earn:
$70,242/year
▼ $4,758 less than you make now
| Category | Baltimore | Richmond |
|---|---|---|
| Salary | $75,000 | $70,242 |
| Federal Income Tax | -$8,114 | -$7,067 |
| Social Security | -$4,650 | -$4,355 |
| Medicare | -$1,088 | -$1,019 |
| State Tax | -$3,510 | -$3,781 |
| Take-Home Pay | $57,639 | $54,020 |
Why the difference
- Cost of living is -6.3% in Richmond
- Housing is -16.2% in Richmond
- At the same $75,000 salary, you'd pay $545/year in taxes in Richmond
Estimated Moving Costs
Distance: ~129 miles
DIY Truck
$2,000
Container
$3,500
Full-Service
$5,000
Salary Equivalents: Baltimore to Richmond
| Your Baltimore Salary | Richmond Equivalent | Difference | Richmond Take-Home |
|---|---|---|---|
| $40,000 | $37,462 | -$2,538 | $30,243 |
| $50,000 | $46,828 | -$3,172 | $37,230 |
| $60,000 | $56,193 | -$3,807 | $44,216 |
| $75,000 | $70,242 | -$4,758 | $54,020 |
| $100,000 | $93,656 | -$6,344 | $69,145 |
| $150,000 | $140,484 | -$9,516 | $98,953 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How Baltimore and Richmond Compare
Housing (16% cheaper in Richmond)
The average 1-bedroom apartment in Richmond rents for $1,430/month compared to $1,250/month in Baltimore. Median home prices: $360,000 in Richmond vs $367,000 in Baltimore.
Taxes
Maryland has a progressive state income tax from 2.0% to 6.5%. Virginia has a progressive state income tax from 2.0% to 5.8%. On a $75,000 salary, moving to Richmond would cost you about $545/year in taxes alone.
Overall Cost of Living
Richmond's overall cost of living is 6.3% lower than Baltimore, based on the BEA Regional Price Parity index (where 100 = national average).Baltimore: 104.5, Richmond: 97.9.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your Baltimore to Richmond move. Average cost: $2,000–$5,000.
Compare Moving Quotes →Find Apartments in Richmond
Average 1BR rent in Richmond: $1,430/month. Browse available listings.
Search Apartments →High-Yield Savings
Park your moving fund in a 4.5%+ APY savings account while you plan your relocation.
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