Richmond Albany-Schenectady-Troy

Relocation analysis based on 7 federal data sources

Should you move?

Moving from Richmond to Albany-Schenectady-Troy is less favorable: BEA regional price parity goes from 97.9 to 99.6 (US = 100), and HUD 2-bedroom rent rises by $47/mo.

+$2,494
BLS median salary higher in Albany-Schenectady-Troy
223 to 380
violent crimes per 100K (FBI UCR, state-level)
13.9:1 to 11.8:1
NCES student-teacher ratio
$3,462
DOL infant care higher / yr in Albany-Schenectady-Troy

BEA Regional Price Parity, HUD Fair Market Rent, BLS OEWS, FBI UCR, NCES, and DOL. The table below lets you override the composite with your own priorities.

Verdict
Less Favorable
Cost Index: 97.9 → 99.6
Rent Delta: +$47/mo

Pros of Moving

  • + $2K higher median salary
  • + Better student-teacher ratios

Cons of Moving

  • - Higher violent crime rate
  • - More expensive childcare
  • - More environmental violations

Purchasing power stays near-even: BEA RPP moves only from 97.9 to 99.6 (ratio 1.02), inside a ±5% band. HUD 2BR Fair Market Rent barely moves ($1,655 → $1,702); the housing line is not the swing factor on this corridor.

Richmond still leads on 5 of 7 federal dimensions, the origin keeps the edge. Albany-Schenectady-Troy sits #220 of 387 metros on PlainRelocate livability (middle third). Richmond is #179/387 on the same ranking. Composite verdict: Less Favorable. Override it with the dimension table below.

BLS OEWS median salary moves $2,494 higher ($71,318 → $73,812). Labor-market size: 637,140 tracked jobs at origin vs 439,210 at destination.

State retirement friendliness favors staying put: Virginia scores 64 (C, #20/51) vs New York at 46 (F, #46/51). Full state tax and healthcare sub-scores sit in the retirement desk below.

Dimension
Richmond
Albany-Schenectady-Troy
Winner
Cost of Living
RPP 97.9
RPP 99.6
Richmond
Rent (2BR)
$1,655/mo
$1,702/mo
Richmond
Wages
$71,318
$73,812
Albany-Schenectady-Troy
Crime
223 per 100K
380 per 100K
Richmond
Schools
13.9:1
11.8:1
Albany-Schenectady-Troy
Childcare
$10,407/yr
$13,869/yr
Richmond
Environment
1933 violations
5536 violations
Richmond

State retirement friendliness

Primary-state scores from PlainRelocate's retirement registry (tax + healthcare + climate composite). Metro pairs use each metro's primary state abbreviation.

Origin state · Virginia
64 C #20/51
Income tax
78
Property tax
71
Estate tax
100
Healthcare
62
Destination state · New York
46 F #46/51
Income tax
80
Property tax
48
Estate tax
50
Healthcare
96

Full retirement ranking · Source composite documented on methodology (Tax Foundation + AARP tax guides + federal healthcare/climate inputs).

Salary Adjustment Calculator

Enter your current salary in Richmond to see what you'd need to earn in Albany-Schenectady-Troy to maintain the same purchasing power.

Equivalent salary in Albany-Schenectady-Troy
-

Source: BEA Regional Price Parities, HUD Fair Market Rents, BLS OES, FBI UCR, NCES, DOL, EPA; retirement desk: Tax Foundation + AARP tax guides June 2026