Cost of Living in Richmond, VT
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
128.8
100 = national avg
+28.8 vs national average
Living Wage (1 Adult)
$56,691
per year
Living Wage (Family of 4)
$133,996
per year
Cost Index by Category
Housing183.8
Food97.6
Transportation95.1
Healthcare98.1
Utilities115.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,651
per month
2 Bedroom
$2,140
per month
The overall cost of living index in Richmond is 128.8, which is 28.8% above the national average. Housing costs are above the national average at an index of 183.8. A single adult needs to earn approximately $56,691 per year to cover basic expenses.