Richmond, IN vs Vincennes, IN

Richmond, IN and Vincennes, IN have a very similar cost of living, with only a 2.2% difference in their overall index. Richmond scores 66 while Vincennes scores 65 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Richmond is $815/month compared to $792/month in Vincennes — a 3% difference. Home values follow the same pattern: Vincennes is more affordable at $98,700 median vs $107,600.

Median household income in Richmond is $46,395 compared to $50,238 in Vincennes (-7.6%). Vincennes offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Richmond spend roughly 21.1% of their income on rent, more than the 18.9% in Vincennes.