Zip 05477 (Richmond, VT) Cost of Living


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Richmond cost of living score
112.4
More expensive
12.4% higher
than the US average
11.5% higher
than the Vermont average
Richmond (zip 05477), Vermont gets a BestPlaces Cost of Living score of 112.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 12.4% higher than the U.S. average and 11.5% lower than the average for Vermont.

Zip 05477 (Richmond, VT)

Housing costs in Richmond?
A typical home costs $417,300, which is 23.4% more expensive than the national average of $338,100 and 21.1% more expensive than the average Vermont home, at $344,600. Renting a two-bedroom unit in Richmond costs $1,400 per month, which is 2.1% cheaper than the national average of $1,430 and 7.9% more than the state average of $1,290.

Can I afford Richmond?
To live comfortably in Richmond (zip 05477), Vermont, a minimum annual income of $79,920 for a family, and $42,800 for a single person is recommended.

What does A.I. say about Richmond?
The cost of living in 05477 Richmond, VT is relatively low compared to other parts of the country. Basic necessities like groceries, gas, and utilities are all quite affordable. Property taxes are also on the lower side due to Richmond’s rural location. Housing prices depend on what you’re looking for but tend to be moderate when compared to urban areas. With its beautiful scenery and small-town charm, Richmond provides a great quality of life at an affordable price.
   Cost of living score
     CategoriesRichmondVermontUnited States
  112.4100.8100.0
  112.2106.7100
  129.5128.5100.0
  125.1100.8100.0
  $417,300$344,600$338,100
  118.6%117.4%100.0%
  93.177.9100.0
  140.6110.1100.0

   100=National Average

   Average Rent by Bedroom Size
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