Surprise vs Richmond: Cost of Living Comparison
How does the cost of living in Surprise, Arizona compare to Richmond, Virginia? Below is a side-by-side breakdown of housing costs, income, wages, and taxes using official government data.
Summary: Richmond is the more affordable city overall. Housing costs are 14% higher in Surprise compared to Richmond, while rent is 48% higher. State income tax is 2.5% in AZ vs 5.75% in VA.
| Metric | Surprise, AZ | Richmond, VA | Diff |
|---|---|---|---|
| Housing | |||
| Median Home Value | $352,600 | $308,300 | +14.4% |
| Median Monthly Rent | $1,822 | $1,227 | +48.5% |
| Income | |||
| Median Household Income | $87,756 | $59,606 | +47.2% |
| Per Capita Income | $37,518 | $42,132 | -11.0% |
| Taxes | |||
| State Income Tax Rate | 2.5% | 5.8% | -56.5% |
| Combined Sales Tax | 8.4% | 5.8% | +45.6% |
| Demographics | |||
| Population | 145,591 | 227,171 | -35.9% |
Source: U.S. Census Bureau ACS 5-Year Estimates (2022), Freddie Mac Primary Mortgage Market Survey. State/local tax rates from Tax Foundation (2024).
Rent vs. Buy Calculator — Surprise
Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.
Rent vs. Buy Calculator — Richmond
Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.
Key Takeaways
- Housing: The median home in Surprise costs $352,600 compared to $308,300 in Richmond — a 14% premium.
- Rent: Median rent is $1,822/mo in Surprise vs $1,227/mo in Richmond.
- Income: Median household income is $87,756 in Surprise and $59,606 in Richmond.
- Taxes: State income tax is 2.5% in Arizona vs 5.75% in Virginia.
Methodology
This comparison uses data from the U.S. Census Bureau American Community Survey 5-Year Estimates (2022) for median household income, median home value, median gross rent, per capita income, and population. State and local tax rates are sourced from the Tax Foundation. Mortgage rates are from the Freddie Mac Primary Mortgage Market Survey (updated weekly).