Cost of Living in Richmond, IN
Overall index: 60 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 31 | -69% | $571 |
| Transportation | 107 | +7% | $3.50 |
| Food | 62 | -38% | $254 |
| Utilities | 66 | -34% | $56 |
| Healthcare | 66 | -34% | $40 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Richmond?
A single adult living comfortably in Richmond, IN needs approximately $21,000 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Richmond, IN?
The overall cost of living in Richmond, IN is 40% lower than the US national average (index: 60 where 100 = national average).
How much is rent in Richmond, IN?
Average rent for a 1-bedroom apartment in Richmond, IN is about $571/month.
Is Richmond, IN expensive to live in?
No, Richmond, IN is affordable (below national average).
What salary do I need to live in Richmond, IN?
A single adult needs roughly $21,000/year to cover basic living costs in Richmond, IN.