Milwaukee vs Richmond

Milwaukee is cheaper to live in overall. Milwaukee has a cost of living index of 95 while Richmond has an index of 98, where 100 represents the US national average. Richmond is 3% more expensive than Milwaukee overall.

The median 1-bedroom rent in Milwaukee is $1,050 per month compared to $1,400 in Richmond. The median home price in Milwaukee is $195,000 versus $310,000 in Richmond. Housing is typically the largest factor in cost of living differences between cities.

Milwaukee has a cost of living index of 95 and Richmond has an index of 98, both measured against a US national average of 100. An index above 100 means more expensive than the national average — below 100 means cheaper.

To maintain the same purchasing power as a salary in Milwaukee, multiply by 1.03. For example a $75,000 salary in Milwaukee is equivalent to approximately $77,368 in Richmond.

Milwaukee has a median household income of $45,389 per year versus $55,766 in Richmond. Higher incomes must be weighed against cost of living. Use the Dayblip salary tools to see specific job salaries in both cities.

Whether moving from Milwaukee to Richmond is worthwhile depends on your salary, lifestyle, and priorities. Richmond is 3% more expensive overall — with the biggest difference in housing. Use the Dayblip cost of living calculator to enter your specific salary and see the exact dollar impact.