Richmond, UT is a great place to consider living due to its lower than average cost of living. The two bedroom rent in Richmond is $980 per month, which is significantly lower than the US average of $1,430. Additionally, Richmond's Grocery Cost Index is 92, compared to the US average of 100. There are many local businesses in Richmond such as Grocery Town Supermarket, Richmond Burger Shack and Rock-It Tire & Auto Centre that provide excellent services to the locals.
Richmond has an unemployment rate of 2.0%. The US average is 6.0%.
Richmond has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Richmond
- The Sales Tax Rate for Richmond is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Richmond is 5.0%. 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 $19,630 a year. The US average is $28,555 a year.
- The Median household income of a Richmond resident is $74,688 a year. The US average is $69,021 a year.