Cost of Living
Your dollar goes further here.
Wayne County is 20% cheaper than the national average. Richmond consistently makes the Council for Community and Economic Research’s (C2ER) top fifteen least expensive micropolitans.
Cost of Living Calculator
To find out more about the C2ER Cost of Living Index, please visit their website at www.coli.org
Cost Of Living Comparison
| Data | Richmond, Wayne County | Indianapolis | Dayton | Cincinnati | Indiana | Ohio | United States |
| Overall | 83.8 | 92.1 | 95.1 | 96.9 | 91.5 | 94.0 | 100 |
| Food | 96.4 | 100.1 | 101.2 | 102..4 | 98.0 | 100.9 | 100 |
| Housing | 63.1 | 79.1 | 82.4 | 84.2 | 77.0 | 80.1 | 100 |
| Utilities | 100.3 | 103.8 | 101.8 | 100.0 | 105.4 | 97.2 | 100 |
| Transportation | 96.1 | 95.9 | 94.6 | 102.4 | 95.7 | 97.7 | 100 |
| Health Care | 82.1 | 89.1 | 106.6 | 102.7 | 98.9 | 96.5 | 100 |
| Miscellaneous | 87.6 | 95.7 | 100.0 | 101.7 | 94.7 | 100.1 | 100 |
Source: 2023 Annual Average C2ER Cost of Living Index (cities), World Population Review (states)
Income
| Data | Wayne County Region | Wayne County | Indianapolis | Dayton | Cincinnati | Indiana | Ohio | United States |
| Per Capita Income | $28,921 | $29,848 | $66,500 | $41,443 | $37,280 | $58,323 | $37,729 | $41,261 |
| Median Household Income | $54,660 | $54,854 | $62,776 | $25,357 | $49,191 | $66,768 | $66,990 | $75,149 |
Source: Stats Indiana – INdepth Profile, 2022; U.S. Census Bureau – Quick Facts, 2022