Richmond, MI is a city located in Michigan. It is a great place to live with many local companies offering good jobs and plenty of opportunity for growth. The cost of living in Richmond is very affordable compared to US averages, especially when it comes to renting. A two-bedroom apartment can be rented for around $990 per month compared to the national average of $1,430 per month. Grocery costs are also below the national average, with a grocery cost index at 97 versus the US at 100. Local companies that offer employment opportunities include: Johnson & Sons Auto Dealerships, Tower Mechanical Contractors LLC, and Richmond Farm & Garden Supplies. With an affordable cost of living and plenty of opportunities for growth, Richmond is an ideal place to live and work.
Richmond has an unemployment rate of 4.3%. The US average is 6.0%.
Richmond has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Richmond
- The Sales Tax Rate for Richmond is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Richmond is 4.3%. 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 $25,776 a year. The US average is $28,555 a year.
- The Median household income of a Richmond resident is $58,684 a year. The US average is $69,021 a year.