Cost of living in Richmond, Indiana

Richmond, Indiana has about 35,581 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $114,400.

HUD's fair-market rent for a 2-bedroom in Wayne County is $1,014 a month. That is the county number, not an apartment listing in Richmond. It runs from October 2026 through September 2027.

Indiana's prices sit at 93.3 when the U.S. average is 100. This place is not in a metro area with its own index, so this is the state number from BEA for 2024.

Indiana taxes wages. A typical combined sales tax is 7.0% as of January 1, 2026. That mix is statewide, not Richmond's exact store tax.

Some places in Indiana add a local wage tax. In 2023 the state average was about 0.35% of income. That is not a Richmond bill.

In July 2026, a typical Indiana home paid 16.73¢ per kilowatt-hour. That is a state average from EIA, not Richmond's bill.

EIA does not publish a Indiana gasoline price. For the week of October 12, 2026, the Midwest (PADD 2) all-grades price was $4.237 a gallon. At 12,000 miles a year and 25 mpg, the index counts that as $2,033.76 a year. Those miles are our standard, not a Census figure, and every town in Indiana shares this price.

Among 320 places we list in Indiana with a rent figure, 227 have higher typical rent than Richmond.