Richmond vs Austin: where does a chief operating officer save more?
Best for saving: Richmond — about $11,996/mo after taxes and living costs.
Richmond US ★ Best for saving | Austin US | |
|---|---|---|
| Median salary | $294,472 | $117,850 |
| Take-home / mo | $14,856 | $7,387 |
| Income tax | ~39% | ~25% |
| Living costs / mo | $2,860 | $2,910 |
| Savings / mo | $11,996 | $4,477 |
| Savings rate | 81% | 61% |
| Verdict | Excellent | Excellent |
Single professional, after-tax. "Savings" = take-home − a baseline cost of living. A planning estimate, not financial advice.
How we calculated this
• Salary: BLS/OECD median for a chief operating officer, adjusted per city.
• Tax: each country's single-filer effective rate (e.g. US ~39%, US ~25%).
• Living costs: a single professional's baseline monthly budget per city.
Estimates, not financial or tax advice. Updated 2026.