Here's what it costs to live in Richmond, Indiana, based on the latest US government data. Renters pay a median of $822 per month, while the typical home is valued around $114,400. Households earn a median of $45,399 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
Median Household Income
$45,399
Annual · Census ACS
Median Gross Rent
$822
Per month · Census ACS
Median Home Value
$114,400
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
| 🔧Plumber | N/A |
| ⚕️Nurse Practitioner | N/A |
| 🏗️Civil Engineer | N/A |
| 👔Operations Manager | N/A |
| 📈Market Research Analyst | N/A |
| 🏢Health Services Manager | N/A |
| 🚛Truck Driver | N/A |
| 👨⚕️Physician Assistant | N/A |
| 🩺Surgeon | N/A |
| 🧮Data Scientist | N/A |
| 🖥️Computer Engineer | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
35,581
Latest estimate
Median Age
38.6 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
Total Neighborhoods
5
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,027
Per month
Avg Home Value
$114,800
Census ACS
January Avg
28°F
July Avg
75°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Continental · Source: NOAA/NCEI 30-year normals.
Healthcare Score
29.8
poor
Hospitals
2
Doctors per 1,000
1.00
Insurance Coverage
87.9%
What is the cost of living index for Richmond?
The cost of living index for Richmond is not yet available in our database.
What is the median rent in Richmond?
The median gross rent in Richmond is $822 per month according to US Census ACS data.
What is the median household income in Richmond?
The median household income in Richmond is $45,399 per year.
What is the median home value in Richmond?
The median home value in Richmond is $114,400 based on the latest Census ACS survey.
How is the air quality in Richmond?
Air quality data for Richmond is not yet available.
What are the taxes like in Richmond?
Tax data for Indiana is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
