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Cost of Living in Richmond, MI

82.8
Very Affordable · National average is 100

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$64,154
Median Income
$842/mo
Median Rent
$221,500
Median Home
5,852
Population

Cost Breakdown

🏠Housing
82.2
0Nat'l Avg (100)200
🛒Groceries
82.5
0Nat'l Avg (100)200
🚗Transportation
76.7
0Nat'l Avg (100)200
🏥Healthcare
73.1
0Nat'l Avg (100)200
⚡Utilities
82.7
0Nat'l Avg (100)200

Fair Market Rents (HUD)

Some values estimated
Studio1 BR2 BR3 BR4 BR
$657
est.
$741
est.
$842$1,078
est.
$1,229
est.

Est. values are derived from the census median rent using national HUD bedroom ratios. Actual HUD Fair Market Rents may differ.

Nearby Cities

Compare Richmond with cities in the area

Memphis, MI
Very Affordable
76.3
New Haven, MI
Affordable
85.7
New Baltimore, MI
Affordable
93.6
Armada, MI
Affordable
88.7
Mount Clemens, MI
Very Affordable
75.2
Romeo, MI
Affordable
85.5
Compare Richmond vs MemphisCompare Richmond vs New HavenCompare Richmond vs New Baltimore