Cost Of Living in Richmond, UT

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Richmond	Utah	National
Cost of living	103	104	100
Goods & Services	101	102	100
Groceries	101	99	100
Health care	88	91	100
Housing	112	114	100
Transportation	100	105	100
Utilities	95	95	100

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Cost Of Living Quick Facts

The cost of living in Richmond is 1% lower than the Utah average
The cost of living in Richmond is 3% higher than the national average
Richmond housing is 12% higher than the national average
Utah general sales tax is 20% higher than the national average
Utah state income tax is 87% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$75,625	$6,302	$1,764	$2,269
Renters	$50,962	$4,247	$1,189	$1,529

Utah Sales Tax

State	General Sales Tax	With Max Surtax
Utah	6.1%	8.35%

Utah Income Tax

State	Income Tax (Low)	Income Tax (High)
Utah	4.85%	4.85%

Goods & Services

Item	Richmond	National avg.	Difference
Haircut	$21.35	$24.26	12.0%
Beauty Salon	$52.17	$45.56	14.5%
Toothpaste	$3.64	$3.70	1.7%
Shampoo	$1.17	$1.28	8.6%
Movie	$11.20	$12.13	7.7%
Bowling	$16.97	$18.00	5.7%

Groceries

Item	Richmond	National avg.	Difference
Ground Beef	$6.18	$5.84	5.9%
Fried Chicken	$1.42	$1.57	10.0%
Milk	$4.68	$4.67	0.2%
Potatoes	$4.61	$4.93	6.7%
Pizza	$11.99	$12.09	0.8%
Beer	$11.03	$10.41	5.9%

Health Care

Item	Richmond	National avg.	Difference
Optometrist	$113.53	$125.68	9.7%
Doctor	$125.51	$135.78	7.6%
Dentist	$77.37	$113.29	31.7%
Ibuprofen	$10.71	$10.65	0.5%
Lipitor	$532.80	$468.60	13.7%

Housing

Item	Richmond	National avg.	Difference
Home Price	$230,800.00	$184,700.00	25.0%
Avg. Mortgage Payment	$2,471.79	$2,346.69	5.3%
Apartment Rent	$790.00	$949.00	16.8%

Transportation

Item	Richmond	National avg.	Difference
Gasoline	$3.51	$3.46	1.4%
Tire Balancing	$58.77	$59.92	1.9%

Utilities

Item	Richmond	National avg.	Difference
All Electricity	$176.12	$193.99	9.2%
Phone	$192.69	$192.25	0.2%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Cache, UT	120	99	0.8%
Franklin, ID	706	95	5.2%
Dayton, ID	546	97	3.4%
Cornish, UT	211	98	2.3%
Preston, ID	5,477	98	2.3%
Richmond, UT	2,733	103	3.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Fort Hall, ID	2,733	89	11.2%
Follansbee, WV	2,733	87	13.1%
Electra, TX	2,732	74	25.9%
Hawthorne, NV	2,734	92	7.6%
French River / Rivière des Français, ON	2,734	n/a
Richmond, UT	2,733	103	3.1%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Richmond, UT