Cost of Living in Richmond, ME
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
110.1
100 = national avg
+10.1 vs national average
Living Wage (1 Adult)
$48,453
per year
Living Wage (Family of 4)
$114,526
per year
Cost Index by Category
Housing115.2
Food105.1
Transportation110.1
Healthcare104.0
Utilities106.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,264
per month
2 Bedroom
$1,577
per month
The overall cost of living index in Richmond is 110.1, which is 10.1% above the national average. Housing costs are above the national average at an index of 115.2. A single adult needs to earn approximately $48,453 per year to cover basic expenses.