Cost of Living in Richmond, IL

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A
1%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
3%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Richmond Illinois National
Cost of living10198100
Groceries101100100
Health care101100100
Housing10395100
Transportation100101100
Utilities9999100
Lifestyle & Entertainment99100100
Household Items102100100
Education & Childcare100100100
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Homes For Sale In Richmond, IL

property for sale

300 Cunat Blvd Unit 2C

Richmond, IL
property for sale

5510 George St

Richmond, IL
property for sale

7317 Keystone Rd

Richmond, IL
property for sale

10810 Teal Trl

Richmond, IL

Cost Of Living Quick Facts

  • The cost of living in Richmond is 3% higher than the Illinois average
  • The cost of living in Richmond is 1% higher than the national average
  • Richmond housing is 3% higher than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Richmond

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Compare Richmond, IL Cost of Living

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$86,612$7,218$2,021$2,599
      Renters$60,263$5,022$1,406$1,808

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Lake Ivanhoe, WI408945.7%
      Round Lake Park, IL8,005955.3%
      Springfield, WI135963.8%
      McCullom Lake, IL1,222972.5%
      Wilmot, WI228973.3%
      Richmond, IL2,1791011.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      East Kootenay B, BC2,179n/a 
      Richgrove, CA2,1781032.8%
      Mediapolis, IA2,178937.0%
      Hanscom AFB, MA2,17817575.5%
      Redgranite, WI2,1788317.2%
      Richmond, IL2,1791011.2%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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