Moving from Raleigh to Richmond?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your Raleigh lifestyle in Richmond, you'd need to earn:
$74,772/year
▼ $228 less than you make now
| Category | Raleigh | Richmond |
|---|---|---|
| Salary | $75,000 | $74,772 |
| Federal Income Tax | -$8,114 | -$8,064 |
| Social Security | -$4,650 | -$4,636 |
| Medicare | -$1,088 | -$1,084 |
| State Tax | -$3,188 | -$4,042 |
| Take-Home Pay | $57,961 | $56,946 |
Why the difference
- Cost of living is -0.3% in Richmond
- Housing is -4.3% in Richmond
- At the same $75,000 salary, you'd pay $868/year in taxes in Richmond
Estimated Moving Costs
Distance: ~139 miles
DIY Truck
$2,000
Container
$3,500
Full-Service
$5,000
Salary Equivalents: Raleigh to Richmond
| Your Raleigh Salary | Richmond Equivalent | Difference | Richmond Take-Home |
|---|---|---|---|
| $40,000 | $39,878 | -$122 | $32,045 |
| $50,000 | $49,848 | -$152 | $39,483 |
| $60,000 | $59,817 | -$183 | $46,919 |
| $75,000 | $74,772 | -$228 | $56,946 |
| $100,000 | $99,695 | -$305 | $73,046 |
| $150,000 | $149,543 | -$457 | $104,624 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How Raleigh and Richmond Compare
Housing (4% cheaper in Richmond)
The average 1-bedroom apartment in Richmond rents for $1,430/month compared to $1,240/month in Raleigh. Median home prices: $360,000 in Richmond vs $431,000 in Raleigh.
Taxes
North Carolina has a flat 4.3% state income tax. 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 $868/year in taxes alone.
Overall Cost of Living
Richmond's overall cost of living is 0.3% lower than Raleigh, based on the BEA Regional Price Parity index (where 100 = national average).Raleigh: 98.2, Richmond: 97.9.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your Raleigh 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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