Cost Of Living In Richmond, OH

Richmond cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Richmond	Ohio	National
Cost of living index	84	91	100
Index	Richmond	Ohio	National
Goods & Services index	88	99	100
Groceries index	97	101	100
Health care index	95	95	100
Housing index	59	75	100
Transportation index	106	101	100
Utilities index	102	91	100

Did you know?

The cost of living in Richmond is 8% lower than the Ohio average.
The cost of living in Richmond is 16% lower than the national average.
The cost of housing in Richmond is 41% lower than the national average.
Ohio general sales tax is 13% higher than the national average.
Ohio state income tax is 76% lower than the national average.

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$46,429	$3,869	$1,083	$1,393
Renters	$32,404	$2,700	$756	$972

Ohio Sales Tax

State	General Sales Tax	With Max Surtax
Ohio	5.75%	8%

Ohio Income Tax

State	Income Tax (Low)	Income Tax (High)
Ohio	0.528%	5.333%

Goods & Services

Item	Richmond	National avg.	Difference
Haircut	$13.15	$15.56	15.5%
Beauty Salon	$37.36	$36.11	3.5%
Toothpaste	$2.36	$2.47	4.6%
Shampoo	$0.93	$0.96	3.6%
Movie	$9.94	$10.13	1.9%
Bowling	$4.01	$4.74	15.2%

Groceries

Item	Richmond	National avg.	Difference
Ground Beef	$2.88	$3.98	27.8%
Fried Chicken	$1.34	$1.41	4.8%
Milk	$1.86	$2.06	10.0%
Potatoes	$3.32	$2.98	11.4%
Pizza	$9.90	$9.47	4.5%
Beer	$10.34	$8.79	17.6%

Health Care

Item	Richmond	National avg.	Difference
Optometrist	$80.03	$101.04	20.8%
Doctor	$97.54	$107.44	9.2%
Dentist	$89.29	$90.42	1.2%
Ibuprofen	$8.86	$9.28	4.5%
Lipitor	$415.12	$426.50	2.7%

Housing

Item	Richmond	National avg.	Difference
Home Price	$88,100.00	$175,700.00	49.9%
Avg. Mortgage Payment	$961.34	$1,133.23	15.2%
Apartment Rent	$721.00	$920.00	21.6%

Transportation

Item	Richmond	National avg.	Difference
Gasoline	$2.19	$1.99	9.7%
Tire Balancing	$45.27	$45.76	1.1%

Utilities

Item	Richmond	National avg.	Difference
All Electricity	$184.95	$163.81	12.9%
Phone	$25.21	$28.39	11.2%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Pottery Addition, OH	316	77	-23%
Stratton, OH	248	77	-23%
Bloomingdale, OH	147	77	-23%
Glasgow, PA	63	78	-22%
Amsterdam, OH	538	78	-22%
Richmond, OH	438	84	-16%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Meridian, CA	438	105	5%
Stockdale, PA	438	84	-16%
Caroleen, NC	438	83	-17%
St. Joe, IN	438	80	-20%
Weldon, IL	438	78	-22%
Richmond, OH	438	84	-16%

Source: The Richmond, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Richmond, OH Cost of Living