New Richmond, OH is a small town in Clermont County that is home to over 5,400 people. It is located near the Ohio River and offers many opportunities for outdoor activities like fishing, hiking, and boating. Being a smaller city, New Richmond offers an affordable cost of living with two-bedroom rent averaging at $930 compared to the US average of $1,430. It also has a Grocery Cost Index rating of 98 compared to 100 in the US making groceries more affordable than other cities.
The town is home to several local businesses such as New Richmond Pharmacy and Marge’s Donut Den–a popular destination for breakfast treats. Other beloved shops include Charm & Home Decor Boutique, Noah's Ark Pet Store & Bakery, and New Richmond Florist & Greenhouse. All in all, New Richmond is a great place for those who want a quiet atmosphere close to nature but still enjoy access to plenty of local amenities and shopping options.
New Richmond has an unemployment rate of 3.9%. The US average is 6.0%.
New Richmond has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for New Richmond
- The Sales Tax Rate for New Richmond is 6.8%. The US average is 7.3%.
- The Income Tax Rate for New Richmond is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Richmond
- The average income of a New Richmond resident is $23,227 a year. The US average is $28,555 a year.
- The Median household income of a New Richmond resident is $68,424 a year. The US average is $69,021 a year.