Richmond, New Brunswick Cost Of Living

A-

1%

Overall NAT. AVG.

4%

Groceries NAT. AVG.

20%

Housing NAT. AVG.

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Date & Last Updated: This data reflects 2025 and was released from Statistics Canada.

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	New Brunswick	National
Cost of living	101	92	100
Groceries	104	104	100
Health care	92	92	100
Housing	80	50	100
Transportation	96	96	100
Utilities	149	149	100
Lifestyle & Entertainment	n/a	n/a	n/a
Household Items	n/a	n/a	n/a
Education & Childcare	n/a	n/a	n/a

Cost Of Living Quick Facts

The cost of living in Richmond is 10% higher than the New Brunswick average
The cost of living in Richmond is 1% higher than the national average
Richmond housing is 20% lower than the national average
New Brunswick general sales tax is 67% higher than the national average
New Brunswick state income tax is 15% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

New Brunswick Sales Tax

State	General Sales Tax	With Max Surtax
New Brunswick	10%	15%

New Brunswick Income Tax

State	Income Tax (Low)	Income Tax (High)
New Brunswick	9.68%	20.3%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Canterbury, NB	534	100	0.4%
Meductic, NB	214	101	0.9%
Woodstock, NB	2,241	101	1.3%
Northampton, NB	1,738	101	1.4%
Woodstock 23, NB	328	102	2.3%
Richmond, NB	1,312	101	0.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Stanberry, MO	1,312	n/a
Gardiner, NY	1,312	n/a
North Ballston Spa, NY	1,312	n/a
Bradford Woods, PA	1,312	n/a
Sainte-Lucie-des-Laurentides, QC	1,312	86	14.2%
Richmond, NB	1,312	101	0.8%

Date & Last Updated: This data reflects 2020 and was released from Statistics Canada.