Cost of Living in Richmond, VT
Population 4,148 · Vermont · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Richmond a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $410,000. The labor market has been unusually tight, with unemployment around 1.4% — below most comparable cities in the state.
Geographically, Richmond lies roughly 125 miles northwest of the nearest major metro, Manchester. Median home values run roughly 22% higher than Manchester's $336,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Richmond
The median home value in Richmond is $410,300 — 35% above the national median of $305,000. Median rent runs $1,078/month, 18% lower than the national median of $1,314/month. The median household income of $117,260/year is 57% higher than the US median of $74,580. The local unemployment rate is 1.4%, below the national average of 4.8%. Vermont's top state income tax rate is 8.8% and the combined sales tax is 6.2%. The climate averages highs of 56.6°F and lows of 38.6°F, with about 87.5" of annual snowfall. Overall, Richmond has a cost of living index of 114 versus the US average of 100, meaning it is 14% more expensive.
Richmond has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 29 | 32 | 41 | 55 | 69 | 78 | 82 | 81 | 73 | 59 | 46 | 35 |
| Low °F | 13 | 14 | 24 | 36 | 48 | 57 | 62 | 61 | 53 | 42 | 32 | 21 |
| Precip" | 2.13 | 1.77 | 2.24 | 3.07 | 3.76 | 4.26 | 4.06 | 3.54 | 3.67 | 3.83 | 2.70 | 2.50 |
| Snow" | 21.1 | 19.3 | 17.5 | 4.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 5.7 | 19.5 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Richmond, VT?
Richmond has a cost index of 114 (100 = national average). It is 14% above the national average.
What is average rent in Richmond, VT?
The median gross rent in Richmond is $1,078 per month based on 2023 Census data.
What is the average home price in Richmond?
The median home value in Richmond is $410,300 according to 2023 Census ACS data.
What is the median income in Richmond?
The median household income in Richmond is $117,260 per year (2023 ACS 5-year estimates).
What is the sales tax in Richmond, VT?
The combined state and local sales tax rate in Richmond is 6.2%. The Vermont state income tax top rate is 8.8%.
Is Richmond, VT affordable?
Richmond is above average in cost of living, with an index of 114 — about 14% higher than the national average.
What is the weather like in Richmond?
Richmond has average high temperatures of 56.6°F and average lows of 38.6°F. Annual precipitation is 37.5". Average annual snowfall is 87.5". Data from NOAA 1991–2020 Climate Normals.
Richmond at a Glance
- Population
- 4,148
- Median Income
- $117,260
- Home Value
- $410,300
- Median Rent
- $1,078/mo
- Unemployment
- 1.4%
- Avg High Temp
- 56.6°F
- Sales Tax
- 6.2%
Nearby Cities
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Vermont Rankings
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