Richmond, MO, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Richmond stands at 82, which is 18% below the national average of 100. This lower index reflects savings in various areas, including housing, utilities, and miscellaneous expenses. For instance, housing costs in Richmond are 30% below the national average, while utilities are 10% lower. These figures make Richmond an attractive option for job seekers looking to reduce their living expenses.
Richmond, MO, presents a cost of living that is notably lower than the nationwide average. The cost of living index for Richmond is 80, which is 20% below the national average of 100. This lower index suggests that residents of Richmond can expect to spend less on their overall living expenses compared to the average American.
When examining specific categories, Richmond's housing index stands at 70, which is 30% lower than the national average. This significant difference makes housing one of the most affordable aspects of living in Richmond. Additionally, groceries in Richmond are priced at 85, which is 15% below the national average. This affordability extends to utilities, which are at 90, only 10% above the national average. While transportation costs in Richmond are slightly higher, at 95, they remain just 5% above the national average. Healthcare costs are also relatively lower, at 80, which is 20% below the national average. Miscellaneous expenses in Richmond are at 75, which is 25% lower than the national average. Overall, Richmond offers a cost of living that is more favorable for many essential expenses.
