Waco Richmond

Relocation analysis based on 7 federal data sources

Should you move?

Moving from Waco to Richmond is neutral, depends on priorities: BEA regional price parity goes from 92.5 to 97.9 (US = 100), and HUD 2-bedroom rent rises by $682/mo.

+$10,574
BLS median salary higher in Richmond
395 to 223
violent crimes per 100K (FBI UCR, state-level)
14.7:1 to 13.9:1
NCES student-teacher ratio
$2,841
DOL infant care higher / yr in Richmond

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
Neutral, depends on priorities
Cost Index: 92.5 → 97.9
Rent Delta: +$682/mo

Pros of Moving

  • + $11K higher median salary
  • + Lower violent crime rate
  • + Fewer environmental violations

Cons of Moving

  • - 5% higher cost of living
  • - $682/mo more expensive rent (2BR)
  • - More expensive childcare

Purchasing power tightens: BEA RPP rises from 92.5 to 97.9, so the same paycheck buys less in Richmond (ratio 1.06). HUD 2BR Fair Market Rent rises $682/mo ($8,184/yr) from $973 in Waco to $1,655 in Richmond.

The seven-dimension ledger splits (4 destination wins · 3 origin wins); priorities decide this move. Richmond sits #179 of 387 metros on PlainRelocate livability (middle third). Waco is #233/387 on the same ranking. Composite verdict: Neutral, depends on priorities. Override it with the dimension table below.

BLS OEWS median salary moves $10,574 higher ($60,744 → $71,318). Labor-market size: 117,690 tracked jobs at origin vs 637,140 at destination.

State retirement friendliness is near-even: Texas 65 (C, #19/51) vs Virginia 64 (C, #20/51). Full state tax and healthcare sub-scores sit in the retirement desk below.

Dimension
Waco
Richmond
Winner
Cost of Living
RPP 92.5
RPP 97.9
Waco
Rent (2BR)
$973/mo
$1,655/mo
Waco
Wages
$60,744
$71,318
Richmond
Crime
395 per 100K
223 per 100K
Richmond
Schools
14.7:1
13.9:1
Richmond
Childcare
$7,566/yr
$10,407/yr
Waco
Environment
35693 violations
1933 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 · Texas
65 C #19/51
Income tax
100
Property tax
55
Estate tax
100
Healthcare
44
Destination state · Virginia
64 C #20/51
Income tax
78
Property tax
71
Estate tax
100
Healthcare
62

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 Waco to see what you'd need to earn in Richmond to maintain the same purchasing power.

Equivalent salary in Richmond
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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