Carmel, Indiana vs. Richmond, Kentucky

Cost of Living Comparison

The cost of living in Richmond, Kentucky is 25.8% cheaper than Carmel, Indiana.

You would need a salary of $55,677 in Richmond, Kentucky to maintain the standard of living you have in Carmel, Indiana.
Comparison highlights
• Overall, Richmond, Kentucky is cheaper than Carmel, Indiana
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
49% cheaper in Richmond
than in Carmel, Indiana
Carmel, IN vs. Richmond, KY
Compared to Carmel, Richmond is:
  Homeowner
      No Child Care, Taxes not Considered
  25.8% lower
      Child Care, Taxes not Considered
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      Child Care, Taxes Considered
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      No Child Care, Taxes Considered
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  Renter
      No Child Care, Taxes not Considered
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      Child Care, Taxes not Considered
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      Child Care, Taxes Considered
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      No Child Care, Taxes Considered
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  Food
  4.1% lower
  Housing (Homeowner)
  51.6% lower
  Housing (Rent)
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  Median Home Cost
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  Utilities
  3.7% higher
  Commute
  19.0% lower
  Health
  3.7% higher
  Taxes
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  Childcare
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  Personal
  14.0% lower
Cost of Food
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