Richmond, KY Cost Of Living
Richmond's Overall Cost Of Living
Lower Than The National Average
In Kentucky
In America
What is the cost of living in Richmond, KY?
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.
Richmond Cost Of Living Vs. Kentucky
| Living Expense | Richmond | Kentucky | National Average | |
|---|---|---|---|---|
| Overall | 92 | 90 | 100 | |
| Services | 104 | 103 | 100 | |
| Groceries | 91 | 90 | 100 | |
| Health | 82 | 88 | 100 | |
| Housing | 71 | 70 | 100 | |
| Transportation | 93 | 98 | 100 | |
| Utilities | 102 | 102 | 100 | |
Richmond, KY Housing Cost Breakdown
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
Median Rent
Median Income
Detailed Richmond Services Costs Vs. Kentucky
Detailed Richmond Groceries Costs Vs. Kentucky
Detailed Richmond Health Costs Vs. Kentucky
Detailed Richmond Transportation Costs Vs. Kentucky
Detailed Richmond Utilities Costs Vs. Kentucky
Richmond SnackAbility
/10
Cost Of Living In Cities Around Richmond
| City | Population | Cost Of Living | Vs. Richmond |
|---|---|---|---|
| Georgetown, KY | 34,362 | 92 | 1.0x |
| Nicholasville, KY | 30,549 | 92 | 1.0x |
| Frankfort, KY | 27,705 | 89 | 1.0x |
| Winchester, KY | 18,520 | 89 | 1.0x |
| Danville, KY | 16,801 | 92 | 1.0x |
| Berea, KY | 15,773 | 90 | 1.0x |
| Lawrenceburg, KY | 11,416 | 89 | 1.0x |
| Paris, KY | 9,776 | 88 | 1.0x |
| Versailles, KY | 9,251 | 91 | 1.0x |
| Wilmore, KY | 6,339 | 91 | 1.0x |
