Moving from Boston to Richmond?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your Boston lifestyle in Richmond, you'd need to earn:
$67,790/year
▼ $7,210 less than you make now
| Category | Boston | Richmond |
|---|---|---|
| Salary | $75,000 | $67,790 |
| Federal Income Tax | -$8,114 | -$6,528 |
| Social Security | -$4,650 | -$4,203 |
| Medicare | -$1,088 | -$983 |
| State Tax | -$3,750 | -$3,640 |
| Take-Home Pay | $57,399 | $52,436 |
Why the difference
- Cost of living is -9.6% in Richmond
- Housing is -33.2% in Richmond
- At the same $75,000 salary, you'd pay $305/year in taxes in Richmond
Estimated Moving Costs
Distance: ~474 miles
DIY Truck
$2,000
Container
$3,500
Full-Service
$5,000
Salary Equivalents: Boston to Richmond
| Your Boston Salary | Richmond Equivalent | Difference | Richmond Take-Home |
|---|---|---|---|
| $40,000 | $36,155 | -$3,845 | $29,268 |
| $50,000 | $45,193 | -$4,807 | $36,010 |
| $60,000 | $54,232 | -$5,768 | $42,753 |
| $75,000 | $67,790 | -$7,210 | $52,436 |
| $100,000 | $90,387 | -$9,613 | $67,034 |
| $150,000 | $135,580 | -$14,420 | $95,884 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How Boston and Richmond Compare
Housing (33% cheaper in Richmond)
The average 1-bedroom apartment in Richmond rents for $1,430/month compared to $2,950/month in Boston. Median home prices: $360,000 in Richmond vs $825,000 in Boston.
Taxes
Massachusetts has a progressive state income tax from 5.0% to 9.0%. 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 $305/year in taxes alone.
Overall Cost of Living
Richmond's overall cost of living is 9.6% lower than Boston, based on the BEA Regional Price Parity index (where 100 = national average).Boston: 108.3, Richmond: 97.9.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your Boston 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.
Compare Savings Rates →