Is Minneapolis or Richmond more affordable?
Minneapolis has a median rent of $1,350/month, while Richmond is $1,250/month. Richmond is more affordable for renters.
City comparison
Minneapolis, MN vs Richmond, VA
Side-by-side comparison of cost of living, taxes, climate, and quality of life between Minneapolis and Richmond.
1
Minneapolis wins
of 5 metrics
tracked
4
Richmond wins
MN
Minneapolis
vs
VA
Richmond
Overview
429,954
Population
226,610
$66,023✓
Median Income
-21.2%$52,000
Cost of Living
$1,350
Median Rent / mo
-7.4%$1,250✓
$315,000
Median Home Price
-7.9%$290,000✓
25%
Rent-to-Income %
29%
Taxes
9.85%
State Income Tax
5.75%✓
8.03%
Local Tax Rate
6.00%
Climate & Weather
55°F
Avg High Temp
68°F
37°F
Avg Low Temp
47°F
198 days
Sunny Days / Year
205 days✓
30"
Annual Rainfall
44"
Who should choose
Minneapolis, MN
Minneapolis is a city in Minnesota with a population of 429,954.
Read full Minneapolis guide →Who should choose
Richmond, VA
Richmond is a city in Virginia with a population of 226,610.
Read full Richmond guide →Minneapolis vs Richmond — Common Questions
Which city has lower taxes — Minneapolis or Richmond?
Minnesota has a 9.85% state income tax. Virginia has a 5.75% state income tax. Richmond wins on state income tax.
What is the weather difference between Minneapolis and Richmond?
Minneapolis gets 198 sunny days/year. Richmond gets 205 sunny days/year. Avg high in Minneapolis: 55°F. Avg high in Richmond: 68°F
Which city is better for families — Minneapolis or Richmond?
Minneapolis. Richmond. The right choice depends on your priorities — income, affordability, taxes, and climate all play a role.
More city comparisons
Data sourced from U.S. Census Bureau, Bureau of Labor Statistics, and NOAA. Green values indicate a better outcome for that metric.