Side-by-side cost of living comparison for 2026
36% cheaper
Richmond is 36% more affordable than Jersey City. A $75,000 salary in Jersey City is equivalent to $47,685 in Richmond.
Index values shown. National average = 100. Lower is cheaper.
To maintain the same standard of living:
See exact take-home pay: New Jersey salaries · Virginia salaries
Housing is typically the biggest factor in any cost-of-living comparison. Jersey City has a housing index of 249 while Richmond sits at 108 (national average = 100). The median home in Jersey City costs $540,000 compared to $300,000 in Richmond, a difference of $240,000. Monthly rent follows a similar pattern: $2,600 in Jersey City versus $1,400 in Richmond.
Groceries and everyday expenses show a notable difference: Jersey City scores 105 while Richmond scores 100. Both cities are close to the national average for grocery costs.
Healthcare costs in Jersey City (106) are higher than Richmond (100). Both are close to the national average.
Median household income in Jersey City is $80,820 compared to $50,120 in Richmond. When adjusted for cost of living, income goes further in Richmond.
Amazon affiliate links