Richmond, MO is a great place to live with plenty of activities to do for families, couples, and singles alike. It is home to some great companies such as Taco Bell, Olive Garden, Walmart Supercenter, KFC, and many more. The cost of living is relatively affordable compared to other cities in the US. Rent for a two bedroom apartment averages around $960 which is much lower than the national average of $1,430. Additionally, the grocery cost index in Richmond is 95 compared to 100 nationally. This makes living in Richmond an attractive option due to its relative affordability while still having access to all that it has to offer.
Richmond has an unemployment rate of 4.6%. The US average is 6.0%.
Richmond has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Richmond
- The Sales Tax Rate for Richmond is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Richmond is 5.9%. 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 $20,301 a year. The US average is $28,555 a year.
- The Median household income of a Richmond resident is $58,967 a year. The US average is $69,021 a year.