Richmond, KS is an affordable small town in the state of Kansas. With a population of 1,364 as of 2020, it can offer a slower pace of life while still providing all the necessities for daily living. The rent for a 2-bedroom in Richmond is $890, which is significantly lower than the US average at $1,430. Furthermore, groceries are also much cheaper here with a Grocery Cost Index of 93 versus 100 in the US. \nIn terms of businesses, Richmond has many local companies that contribute to its economy and community. These include Robinson Lumber Company, Richmond Co-op Elevator Association Inc., and Brown's Market & Hardware Store among many others. With these companies providing services and jobs to the area, Richmond remains an attractive place to live and work.
Richmond has an unemployment rate of 3.8%. The US average is 6.0%.
Richmond has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Richmond
- The Sales Tax Rate for Richmond is 9.6%. The US average is 7.3%.
- The Income Tax Rate for Richmond is 5.7%. 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 $23,364 a year. The US average is $37,638 a year.
- The Median household income of a Richmond resident is $49,180 a year. The US average is $69,021 a year.