Richmond, ME, is a small town nestled in the beautiful Kennebec Valley. It is a great place to live for those looking for friendly neighbors and a tranquil lifestyle. The cost of living is lower than the national average at 106 versus 100, meaning it’s an affordable place to live. The 2 bedroom rent here is $1,210 compared to the US price of $1,430. There are plenty of local shops to enjoy in Richmond including Squirrel's Nest Antiques, Mathieu’s Bicycle Shop and Atwood Lobster Co., as well as several other restaurants and small businesses. All in all Richmond is the perfect blend of old-time charm and modern convenience.
Richmond has an unemployment rate of 4.3%. The US average is 6.0%.
Richmond has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Richmond
- The Sales Tax Rate for Richmond is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Richmond is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Richmond
- The average income of a Richmond resident is $26,829 a year. The US average is $28,555 a year.
- The Median household income of a Richmond resident is $55,878 a year. The US average is $69,021 a year.