Cost of Living

Cost of Living
in Richmond, Michigan, United States

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Cost of Living Score
The cost of living score is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.
7%
Less than national average
3%
Higher than Michigan average
62nd
Most expensive city in Michigan

Affordability breakdown

About Richmond

Richmond is a city within Metro Detroit in the U.S. state of Michigan. The population was 5,878 at the 2020 census. Most of the city is located in Macomb County, though there is a small portion in neighboring St. Clair County.

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Employment Overview
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Employment Score

1,259

Employment Rate per Month info

417,031

Labor Force Count info
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Unemployment Score

5%

Unemployment Rate info
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Upward Mobility Score

42.9%

Upward Mobility Rate info
Crime Overview
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Crime Score
Crime Rate:
0.02% info
Yearly Crime Stats
Violent Crime:
16
Property Crime:
92
Total Crime:
108
Total Population:
5,882
Violent Crime Overview
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Violent Crime Score
Violent Crime Rate:
0% info
Yearly Violent Crime Stats
Murder:
0
Robbery:
0
Assault:
14
Total Violent Crime:
16
Property Crime Overview
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Property Crime Score
Property Crime Rate:
0.02% info
Yearly Property Crime Stats
Burglary:
15
Larceny:
73
Vehicle Theft:
4
Arson:
1
Total Property Crime:
92

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About the Data

The information above is a sample of data available in ERI Economic Research Institute's Relocation Assessor. Cost of living data are derived from actual housing sales data and extensive research using authoritative online databases for consumables, fuel costs, tax rates, etc. To generate detailed cost of living reports suitable for creating cost comparisons for relocating employees customized to spending patterns, please consult ERI's Relocation Assessor. The Relocation Assessor includes cost of living differentials for 10,000 areas worldwide and allows for customization based on salary, housing, family size, consumption, services, and travel. Try a free demo of the cloud-based Relocation Assessor.

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