The Richmond, IN Metro Area is a great place to call home. The two bedroom rent in the area is considerably lower than the US average at $840 versus $1,430 respectively. The grocery cost index in the area is similarly lower at 92 compared to 100 for the US. There are many great local companies to explore here such as Wysor Street Depot, Reid Health, and Richmond Furniture Gallery. Whether you're looking for a job or just want to explore the local businesses, there is something for everyone in Richmond, IN Metro Area.
Richmond Metro Area has an unemployment rate of 4.7%. The US average is 6.0%.
Richmond Metro Area has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Richmond Metro Area
- The Sales Tax Rate for Richmond Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Richmond Metro Area 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 Metro Area
- The average income of a Richmond Metro Area resident is $28,576 a year. The US average is $37,638 a year.
- The Median household income of a Richmond Metro Area resident is $49,952 a year. The US average is $69,021 a year.