Wondering how far your dollar stretches in Jacksonville compared to Richmond? Below we break down housing costs, rent, taxes, income, and quality of life using 2026 data so you can make an informed relocation or remote-work decision. Every number is computed from Census, BLS, and Zillow data specific to these two metro areas.
| Jacksonville | Metric | Richmond | Difference |
|---|---|---|---|
| 96 | Cost of Living Index | 97 | +1.0% |
| $310,000 | Median Home Price | $310,000 | +0.0% |
| $1,098 | Median Monthly Rent | $1,287 | +17.2% |
| $61,400 | Median Household Income | $68,200 | +11.1% |
| 0.9% | Property Tax Rate | 0.8% | -9.9% |
| 3.3% | Unemployment Rate | 3.4% | +3.0% |
| 27 min | Average Commute | 25 min | -7.4% |
| 37.2 | Median Age | 35.8 | -3.8% |
| 1,590,000 | Metro Population | 1,310,000 | -17.6% |
Data sourced from Census Bureau, BLS, Zillow, and ApartmentAdvisor (2024-2025). COL Index: 100 = national average.
Monthly mortgage assumes 6.5% interest, 30-year fixed, 20.0%down payment. PITI includes principal, interest, property tax, and homeowner's insurance.
Buying a home in Jacksonville costs $1,893/month (PITI) compared to $1,870/month in Richmond — a difference of $23/month or $276/year. The price-to-income ratio is 5.0x in Jacksonville versus 4.5x in Richmond, suggesting Richmond is relatively more affordable for homebuyers relative to local incomes. At a 15% savings rate, it takes 6.7 years to save a down payment in Jacksonville compared to 6.1 years in Richmond.
Estimated on each city's median household income, single filer, standard deduction, 2025 rates.
| Tax Category | Jacksonville | Richmond |
|---|---|---|
| Gross Income | $61,400 | $68,200 |
| State Income Tax | None | $3,122 |
| Federal Income Tax | $5,239 | $6,453 |
| FICA (SS + Medicare) | $4,697 | $5,217 |
| Property Tax (on median home) | $2,821/yr | $2,542/yr |
| State Sales Tax Rate | 6.0% | 5.3% |
| Total Tax Burden | $9,936 (16.2%) | $14,792 (21.7%) |
| Take-Home Pay | $51,464 | $53,408 |
Florida has no state income tax, giving Jacksonville residents a significant tax advantage. On median household income, total taxes (federal + state + FICA) come to $9,936 in Jacksonville (16.2% effective) versus $14,792 in Richmond (21.7% effective). After taxes, take-home pay is $51,464 in Jacksonville and $53,408 in Richmond. Property taxes add $2,821/year on the median Jacksonville home versus $2,542/year in Richmond.
These figures adjust for cost of living using the formula: adjusted = salary × (COL_destination / COL_origin). If you earn $61,400 in Jacksonville (COL 96) and relocate to Richmond (COL 97), you would need $62,040 to maintain the same purchasing power. This means you would need a raise of $640 to maintain the same standard of living in Richmond.
Beyond costs, quality of life matters. The average commute in Jacksonville is 27 minutes versus 25 minutes in Richmond, a difference of 2 minutes each way. Jacksonville's lower unemployment rate of 3.3% versus 3.4% suggests a stronger job market. Jacksonville skews slightly older with a median age of 37.2 vs 35.8 in Richmond.
Jacksonville and Richmond have very similar costs of living, with COL indices of 96 and 97 respectively (national average = 100). Day-to-day expenses, housing, and taxes are comparable between the two metro areas.
The median home price in Richmond is $310,000, which is $0 more than Jacksonville's median of $310,000. Monthly rent follows a similar pattern: $1,287/month in Richmond vs $1,098/month in Jacksonville, a difference of $189/month or $2,268/year.
To maintain the same standard of living, a $61,400 salary in Jacksonville is equivalent to $62,040 in Richmond. This is based on the cost of living index ratio: Jacksonville's COL index of 96 vs Richmond's 97. Conversely, $68,200 in Richmond equals $67,497 in Jacksonville.
On a median household income, the combined federal, state, and FICA tax burden is $9,936 (16.2% effective rate) in Jacksonville vs $14,792 (21.7% effective rate) in Richmond. Property taxes on the median home are $2,821/year in Jacksonville (0.9% rate) vs $2,542/year in Richmond (0.8% rate). Sales tax rates are 6.0% in Florida and 5.3% in Virginia.
Jacksonville median household income: $61,400/yr. Richmond median household income: $68,200/yr (Census ACS).
Median monthly rent: $1,098 in Jacksonville vs $1,287 in Richmond. Annualized that is $13,176 vs $15,444.
Jacksonville offers a lower cost of living (index 96 vs 97), which lets remote-workers keeping a coastal salary stretch further. Richmond typically wins on amenities and labor-market depth.
Jacksonville and Richmond numbers are pulled from Zillow ZHVI/ZORI (home values, rent), the U.S. Census Bureau ACS (income, demographics), and BEA RPP (cost-of-living index). Each value is timestamped on the page.
Source feeds (Zillow, Freddie Mac PMMS, Census ACS, BEA RPP) are refreshed on their native cadence. Page caches revalidate every 24 hours via Next.js ISR.
No. The Jacksonville vs Richmond cost-of-living page is educational reference using public data and standard formulas. It is not personalized tax, legal, or investment advice. Consult a licensed professional for material decisions.
Home prices use Zillow Home Value Index (ZHVI)[1]; rents use Zillow Observed Rent Index (ZORI)[1]. Median household income comes from the Census ACS 5-year estimates[2].
COL indices use the BEA Regional Price Parity methodology[3], normalized so 100 = national average.
Property tax rates are effective rates from the Tax Foundation[4], expressed as % of owner-occupied home value. Mortgage estimates assume 6.5% fixed rate[5], 30-year term, 20.0% down, $1,800/yr homeowners insurance.
Federal tax calculations[6] assume single filer, standard deduction. State tax uses the top marginal rate times taxable income after the state standard deduction. FICA = 6.2% Social Security (up to wage base) + 1.45% Medicare.
Salary equivalence uses adjusted = salary × (COL_destination / COL_origin). This captures cost-of-living shift but not state income tax differences.
Unemployment figures are the most recent monthly MSA-level readings from the BLS LAUS series[7].
Last reviewed is computed from the maximum retrievedAt across every source this page consumes.
City data from Census Bureau[2], BLS[7], and Zillow[1] (2024-2025). Tax calculations use 2025 IRS rates[6], single filer, standard deduction. Mortgage estimates assume 6.5% PMMS rate[5], 30-year term, 20.0% down. COL Index: 100 = national average[3]. Last reviewed .