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Cost of Living in New Richmond, IN

2025 Affordability Data & Housing Costs

86.1

Cost of Living Index (100 = US Average)

Affordable

Median Home Value

$81,500

Owner-occupied homes (2023 ACS)

Median Household Income

$80,104

Annual (2023 ACS)

Housing Costs

The median home value in New Richmond is $81,500, which is lower than the national average. The home price-to-income ratio is 1.0, indicating strong affordability.

Income & Purchasing Power

The median household income in New Richmond is $80,104 annually.

Compare with Other Cities

View all cities in Indiana

Frequently Asked Questions

What is the cost of living index in New Richmond, IN?

The COL index is 86.1, which is lower than the US average of 100.

What is the median home value in New Richmond?

The median home value is $81,500.

What is the median rent in New Richmond?

Data not available.

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