Cost of Living in Richmond, UT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
134.8
100 = national avg
+34.8 vs national average
Living Wage (1 Adult)
$59,299
per year
Living Wage (Family of 4)
$140,162
per year
Cost Index by Category
Housing124.8
Food128.8
Transportation157.5
Healthcare123.0
Utilities122.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$946
per month
2 Bedroom
$1,241
per month
The overall cost of living index in Richmond is 134.8, which is 34.8% above the national average. Housing costs are above the national average at an index of 124.8. A single adult needs to earn approximately $59,299 per year to cover basic expenses.