Cost of Living

Your dollar goes further here.

Wayne County is 22% cheaper than the national average.  Richmond consistently makes ACCRA’s top ten least expensive micropolitans.

Cost Of Living Comparison

Data Richmond, Wayne County Indianapolis Dayton Cincinnati Indiana Ohio United States
Overall 79.9  91.8 95.5 91.2 87.9 93.0 100
Food 91.5 94.0 98.4 91.7 92.4 101.0 100
Housing 66.3 82.0 70.0 75.5 75.8 78.9 100
Utilities 86.8 89.4 86.5 92.3 91.1 91.0 100
Transportation 86.6 92.7 109.7 100.2 91.6 101.4 100
Health Care 77.8 98.4 86.4 96.8 94.9 94.8 100
Miscellaneous 82.4 98.4 114.0 99.9 92.9 99.1 100

Source: 2016 Annual Average ACCRA Cost of Living Index

 

 

Source: 2016 Annual Average ACCRA Cost of Living Index

Note: The “Percent Difference” is the percentage change in income required to maintain a standard of living when moving to Richmond from another city.

Cost of Living Calculator

To find out more about the ACCRA Cost of Living Index, please visit their website at www.coli.org

 

 Income
Data Wayne County Region Wayne County Indianapolis Dayton Cincinnati Indiana Ohio United States
Per Capita Income $22,089 $22,093 $24,280 $16,716 $25,588 $25,346 $26,953 $28,930
Median Household Income $42,466 $38,494 $41,987 $27,683 $33,604 $49,255 $49,429 $53,889
Mean Household Income $54,393 $53,687 $59,003 $39,065 $55,045 $64,649 $66,409 $75,558
Median Family Income $52,738 $49,006 $52,365 $35,141 $44,022 $61,119 $62,817 $66,011
Mean Family Income $64,022 $63,169 $70,893 $47,505 $70,773 $76,352 $79,891 $88,153

Source: American FactFinder, 2011-2015 American Community Survey 5-Year Estimates