Richmond, IN is a vibrant city located in Wayne County. With 2 bedroom rent coming in at $1,000 and a Grocery Cost Index of 91 compared to the national average of 100, Richmond is an affordable place to live. There are several companies that call this charming city home, such as Glen Industries, American Electric Power Service Corporation, Vogt Power International Inc., Midwest-CBK LLC and many more. Whether you're looking for work or just exploring the area, Richmond has something for everyone.
Richmond has an unemployment rate of 5.5%. The US average is 6.0%.
Richmond has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Richmond
- The Sales Tax Rate for Richmond is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Richmond is 4.7%. 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 $18,481 a year. The US average is $28,555 a year.
- The Median household income of a Richmond resident is $41,569 a year. The US average is $69,021 a year.