Median rent is 24% lower in Richmond ($1,372/mo vs $1,795/mo). Buying is cheaper in Richmond, where the median home runs $353,000 versus $429,100. Households earn more in Georgetown ($95,062 vs $64,587 a year). Taken together, Georgetown is the more affordable choice with a cost index of 98.3 against 98.3 — about 0% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Georgetown, TX.
City A
Georgetown, TX
City B
Richmond, VA
How much would you need to earn in Richmond, VA to maintain your standard of living from Georgetown, TX?
Equivalent salary in Richmond, VA
$75,047
You'd need $47 more (0% higher).
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Georgetown
Texas
Richmond
Virginia
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Richmond — median rent of $1,372/mo versus $1,795/mo in Georgetown, a 24% difference. Median home values are within 18% of each other: $429,100 in Georgetown and $353,000 in Richmond.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Georgetown
Income tax: N/A
Sales tax: N/A
Richmond
Income tax: N/A
Sales tax: N/A
Air quality data is available for Richmond (avg AQI 28.0) but not yet for Georgetown.
Pick Georgetown if you prioritize higher median household income ($95,062/yr).
Pick Richmond if you prioritize cheaper rent ($1,372/mo median).
Is Georgetown cheaper than Richmond?
Georgetown is cheaper overall, with a cost of living index of 98.3 versus 98.3 (US average = 100). That means prices run about 0% lower in Georgetown.
How much is rent in Georgetown vs Richmond?
Median rent is $1,795/mo in Georgetown, TX and $1,372/mo in Richmond, VA. Richmond, VA has the lower rent by about 24%.
Which has higher salaries — Georgetown or Richmond?
Median household income is $95,062 in Georgetown, TX and $64,587 in Richmond, VA. Georgetown, TX has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Georgetown or Richmond?
State tax data is not yet available for one or both cities.
What salary do I need in Richmond to match my Georgetown income?
To maintain the same purchasing power, a salary of $100,000 in Georgetown, TX is equivalent to roughly $100,062 in Richmond, VA (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
