City vs city
Washington, DC vs Richmond
$100,000 in Washington, DC buys a lifestyle closer to $68,000 in Richmond, because Richmond's cost-of-living index is 104 versus 152.
Washington, DC
Federal and contractor pay is high. DC’s own income tax is steep at the top.
- COL index
- 152
- Typical 1-bed
- $2,500/mo
- Comfortable salary
- $129,000
- $100k take-home
- $73,649
Richmond
Cheaper than Northern Virginia with the same 5.75% top state rate.
- COL index
- 104
- Typical 1-bed
- $1,450/mo
- Comfortable salary
- $88,000
- $100k take-home
- $74,244
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