Cost of Living in Richmond, KY
Overall index: 74 (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 | 59 | -41% | $602 |
| Transportation | 106 | +6% | $3.50 |
| Food | 65 | -35% | $267 |
| Utilities | 80 | -20% | $106 |
| Healthcare | 80 | -20% | $77 |
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, KY needs approximately $25,900 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Richmond, KY?
The overall cost of living in Richmond, KY is 26% lower than the US national average (index: 74 where 100 = national average).
How much is rent in Richmond, KY?
Average rent for a 1-bedroom apartment in Richmond, KY is about $602/month.
Is Richmond, KY expensive to live in?
No, Richmond, KY is affordable (below national average).
What salary do I need to live in Richmond, KY?
A single adult needs roughly $25,900/year to cover basic living costs in Richmond, KY.