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Cost & Benefits

Compare / Richmond to Virginia Beach

Richmond, VA vs Virginia Beach, VA

Simple answer

You'd likely save $16 a month in Richmond.

This is the HUD 2-bedroom fair-market rent for October 2026 through September 2027. It is not your lease.

The largest cost gap in this pair is Fair Market Rent. The 2-bedroom Fair Market Rent gap is $16: Virginia Beach is higher at $1,667 versus $1,651.

Virginia taxes wages at rates up to 5.75%. Virginia taxes wages at rates up to 5.75%. Combined sales tax differs by 0.0 percentage points, higher in Virginia. The effective property tax gap is 0.00 percentage points, higher in Virginia.

Both metros are in Virginia, so benefit eligibility in this tool does not change with the move. Rent and price levels still differ.

A $75,000 salary in Richmond lines up with about $75,064 in Virginia Beach on the 2024 all-items price parity. Census median gross rent and the commute figures are 2024. Fair Market Rents are fiscal year 2027.

Richmond

Richmond, VA

2-bedroom Fair Market Rent
$1,651
HUD area
Richmond, VA HUD Metro FMR Area
Census median gross rent
$1,546
All-items price parity
97.9
Goods price parity
96.8
Utilities price parity
89.2
Mean commute
26.6 min
Median household income
$83,460

Virginia Beach

Virginia Beach-Chesapeake-Norfolk, VA-NC

2-bedroom Fair Market Rent
$1,667
HUD area
Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area
Census median gross rent
$1,556
All-items price parity
97.9
Goods price parity
96.8
Utilities price parity
89.6
Mean commute
25.5 min
Median household income
$82,402

Equivalent salary

The first number keeps the same place in the national price level. The second also runs 2026 federal income tax, employee Social Security and Medicare, and a simplified state income tax. Groceries use the BEA goods price parity, not a grocery receipt.

Same buying power

$75,064

Salary in Virginia Beach that matches the 2024 all-items regional price parity.

After state and federal tax

$75,076

Gross salary in Virginia Beach whose after-tax pay buys the same basket, using price parities.

Rent only

$75,727

Scales the salary by the ratio of HUD 2-bedroom Fair Market Rents. Rent is not the whole budget.

Taxes on the two sides of the move

TaxVirginiaVirginia
State income tax on wagesup to 5.75%up to 5.75%
Combined sales tax, Jan 1, 20265.8%5.8%
Effective property tax, ACS 2024 median / median0.71%0.71%

On a $400,000 home, the state median effective rate implies about $2,847 a year in Virginia and $2,847 in Virginia. That illustration is not a local bill. Childcare prices are not in the verified dataset for these metros.

Benefits if you land in Virginia

Richmond and Virginia Beach are in Virginia. The benefit rules in this tool are statewide, so the statuses match. Rent and prices still differ.

  • Food stamps (SNAP)

    RichmondLikely eligible

    Virginia BeachLikely eligible

  • Medicaid and CHIP

    RichmondLikely eligible

    Virginia BeachLikely eligible

  • WIC

    RichmondLikely eligible

    Virginia BeachLikely eligible

  • School meals

    RichmondLikely eligible

    Virginia BeachLikely eligible

  • LIHEAP

    RichmondMaybe

    Virginia BeachMaybe

  • Earned Income Tax Credit

    RichmondLikely eligible

    Virginia BeachLikely eligible

  • Child Tax Credit

    RichmondLikely eligible

    Virginia BeachLikely eligible

  • Marketplace premium tax credits

    RichmondUnlikely

    Virginia BeachUnlikely

  • Lifeline phone and internet

    RichmondLikely eligible

    Virginia BeachLikely eligible

  • SSI

    RichmondUnlikely

    Virginia BeachUnlikely

Medicaid guide for Virginia · SNAP guide

Related comparisons

From Richmond

The eight largest 2-bedroom Fair Market Rent gaps from Richmond.

Nearby metros

How the salary and tax math works · The reverse city order redirects to this address.