Richmond, Indiana vs. New Albany, Indiana

Cost of Living Comparison

The cost of living in New Albany, Indiana is 27.1% more expensive than Richmond, Indiana.

You would need a salary of $63,575 in New Albany, Indiana to maintain the standard of living you have in Richmond, Indiana.
Comparison highlights
• Overall, New Albany, Indiana is more expensive than Richmond, Indiana
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
54% more expensive in New Albany
than in Richmond, Indiana
Richmond, IN vs. New Albany, IN
Compared to Richmond, New Albany is:
  Homeowner
      No Child Care, Taxes not Considered
  27.1% higher
      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
  4.5% higher
  Housing (Homeowner)
  63.1% higher
  Housing (Rent)
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  Median Home Cost
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  Utilities
  0.2% higher
  Commute
  47.2% higher
  Health
  8.7% lower
  Taxes
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  Childcare
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  Personal
  15.4% higher
Cost of Food
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