Cost of Living in Richmond, MI
Population: 5,839 | Michigan
79
Cost of Living Index
US Average = 100
Richmond is 21% less expensive than the national average.
66
Housing
75
Home Values
98
Regional Price
Income
- Median Household Income
- $61,715
- vs US Median ($75,149)
- -18%
Housing
- Median Rent
- $870/mo
- Median Home Value
- $228,000
- Median Monthly Housing Cost
- $1,004/mo
Everyday Prices in Richmond
BLS Average Prices for the Detroit-Warren-Dearborn, MI (Metropolitan Statistical Area) area
⛽
$3.00
Gasoline (regular)
per gallon
-2% vs US
🥚
$2.45
Eggs (grade A, large)
per dozen
-2% vs US
🥛
$3.94
Milk (whole)
per gallon
-2% vs US
🍞
$1.81
Bread (white)
per lb
-2% vs US
🍗
$4.06
Chicken breast
per lb
-2% vs US
⚡
$0.20
Electricity
per kWh
+7% vs US