Cost of Living in Richland, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
99.9
100 = national avg
-0.1 vs national average
Living Wage (1 Adult)
$43,945
per year
Living Wage (Family of 4)
$103,871
per year
Cost Index by Category
Housing88.2
Food104.8
Transportation109.5
Healthcare103.8
Utilities100.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$729
per month
2 Bedroom
$956
per month
The overall cost of living index in Richland is 99.9, which is 0.1% below the national average. Housing costs are below the national average at an index of 88.2. A single adult needs to earn approximately $43,945 per year to cover basic expenses.