Beverly, OH vs Richmond, OH

Beverly, OH and Richmond, OH have a very similar cost of living, with only a 0% difference in their overall index. Beverly scores 67 while Richmond scores 67 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Beverly is $706/month compared to $850/month in Richmond — a 17% difference. Interestingly, home values tell a different story: while Beverly has cheaper rent, Richmond actually has lower median home values ($119,100 vs $159,400).

Median household income in Beverly is $47,446 compared to $61,250 in Richmond (-22.5%). While Richmond is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Beverly spend roughly 17.9% of their income on rent, more than the 16.7% in Richmond.