Cost of Living in Richmond
Richmond's cost of living runs genuinely low across the board -- Wayne County ranks among the least expensive places to live in the United States.
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Learn moreA genuinely low overall cost of living
Wayne County's overall cost of living runs approximately 20% below the national average, ranking among the least expensive places to live in the US.
Low housing costs
Richmond's average home value ran approximately $158,766 per Zillow, up 5.3% year-over-year -- genuinely affordable relative to national figures.
A real local income tax layer
Wayne County levies a real, additional 1.50% local income tax on residents on top of Indiana's 2.95% flat state rate.
Key takeaways
- Wayne County's cost of living runs approximately 20% below the national average.
- Richmond's average home value ($158,766) runs genuinely affordable.
- Wayne County's 1.50% local income tax layers onto Indiana's 2.95% flat state rate.
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