Richmond, IN vs Washington, IN

Richmond, IN and Washington, IN have a very similar cost of living, with only a 4.4% difference in their overall index. Richmond scores 66 while Washington scores 69 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 $854/month in Washington — a 5% difference. Home values follow the same pattern: Richmond is more affordable at $107,600 median vs $130,700.

Median household income in Richmond is $46,395 compared to $50,000 in Washington (-7.2%). While Washington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Richmond spend roughly 21.1% of their income on rent, more than the 20.5% in Washington.