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 ten 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 80.2 92.7 89.8 94.3 90.4 92.2 100
Food 94.3 95.1 96.9 90.4 93.7 98.5 100
Housing 64.2 78.1 66.6 81.3 76.3 76.1 100
Utilities 89.3 106.2 97.0 94.0 96.4 93.7 100
Transportation 96.6 95.2 108.5 97.7 96.2 102.3 100
Health Care 81.8 91.1 90.4 99.8 96.2 95.5 100
Miscellaneous 80.6 99.2 98.7 104.9 96.3 99.3 100

Source: Quarter 2, 2018 C2ER Cost of Living Index

 

Income

Data Wayne County Region Wayne County Indianapolis Dayton Cincinnati Indiana Ohio United States
Per Capita Income $22,865 $22,227 $25,094 $17,461 $26,152 $26,117 $27,800 $29,829
Median Household Income $44,463 $39,691 $43,101 $28,745 $34,629 $50,433 $50,674 $55,322
Mean Household Income $56,237 $54,667 $61,078 $40,735 $55,931 $66,480 $68,341 $77,866
Median Family Income $54,665 $51,617 $54,107 $36,637 $45,832 $62,748 $64,433 $67,871
Mean Family Income $65,744 $64,733 $73,812 $49,541 $72,113 $78,680 $82,269 $90,960

Source: American FactFinder, 2012-2016 American Community Survey 5-Year Estimates