Cost of Living

Your dollar goes further here.

Wayne County is 21% 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 Comparison

Data Richmond, Wayne County Indianapolis Dayton Cincinnati Indiana Ohio United States
Overall 79.0 92.6 91.0 92.5 89.6 92.3 100
Food 93.3 93.3 96.4 91.7 93.6 99.3 100
Housing 62.4 80.8 68.1 76.2 76.2 76.8 100
Utilities 91.1 98.2 84.0 95.9 94.5 93.1 100
Transportation 91.1 94.2 104.0 100.7 93.5 101.5 100
Health Care 75.8 94.2 87.3 98.8 92.2 95.4 100
Miscellaneous 80.8 99.7 106.6 102.1 95.7 99.2 100

Source: Annual Average 2017 C2ER Cost of Living Index

 

C2ER Cost of Living Composite Index

Source: Annual Average 2017 C2ER 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 C2ER 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 $22,865 $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