According to the most recent data on the cost of living, Richmond has an overall cost of living index of 92 which is 0.9x lower than the national index of 100.
Compared to only Kentucky, Richmond has a cost of living index that's 1.0x higher than Kentucky's index of 90.
The standard of living in Richmond ranks as #1,974 most affordable out of the 6,418 places we measured in Kentucky. By definition, that implies Richmond ranks as the #4,444 most expensive place in the Bluegrass State.
|Living Expense||Richmond||Kentucky||National Average|
Housing swings affordability the most between places in Kentucky, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|Median Home Value||$148,900||$147,100||$229,800|
|Home Value To Income||3.8x||2.8x||3.5x|
|Rent To Monthly Income||0.22x||0.18x||0.2x|
|City||Population||Cost Of Living||Vs. Richmond|