Moving to Richmond
What you need to know before relocating to Richmond, Indiana. Data-driven insights on housing, jobs, safety, and quality of life.
Is Richmond a Good Place to Live?
Based on data across cost of living, job market, safety, and education, Richmond compares favorably on multiple dimensions. Highlights include rent ($825/mo) is below the national average; home prices ($136,100) are well below the us median; high school graduation rate of 91%.
Richmond at a Glance
Cost of Living in Richmond
The median rent in Richmond is $825/month, while the median home value is $136,100. With a median household income of $51,798, residents spend roughly 19% of monthly income on rent.
Overall, the Richmond metro area is classified as very affordable compared to other US metros.
Job Market
Richmond has a median household income of $51,798, which is 31% below the national median. The local unemployment rate is 3.5%, compared to the national average of 3.7%.
Safety in Richmond
The violent crime rate in Richmond is 332 per 100,000 residents, which is 13% below the national average of 380.
Property crime rate: 1543 per 100,000 residents.
Education in Indiana
Indiana has a high school graduation rate of 91% and per-pupil spending of $14,162/year. The student-to-teacher ratio is 16:1.
33% of Indiana adults hold a bachelor's degree or higher.
Healthcare Access
Indiana has 248 physicians per 100,000 residents, a 8.1% uninsured rate, and 2.9 hospital beds per 1,000 people. Life expectancy in Indiana is 75.8 years.
Pros and Cons of Living in Richmond
+Pros
- ✓Rent ($825/mo) is below the national average
- ✓Home prices ($136,100) are well below the US median
- ✓High school graduation rate of 91%
-Cons
- ✗Median household income ($51,798) trails the national median
- ✗Longer-than-average commute (27027 min)
Frequently Asked Questions
Is Richmond a good place to live?⌄
Richmond, Indiana has several attributes that make it an attractive place to live, including rent ($825/mo) is below the national average and home prices ($136,100) are well below the us median. It scores well on multiple quality-of-life metrics relative to the national average.
What is the cost of living in Richmond?⌄
The median rent in Richmond is $825/month and the median home value is $136,100. The median household income is $51,798. Overall the metro is considered very affordable.
Is Richmond safe?⌄
Richmond has a violent crime rate of 332 incidents per 100,000 residents. The national average is approximately 380 per 100,000.
What is the job market like in Richmond?⌄
Richmond has an unemployment rate of 3.5%, compared to the national average of 3.7%. The median household income is $51,798.