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Cost of Living Comparison 2026

๐Ÿ“ Richmond, IN โ€” ZIP-level rent data ยท COL adjusted from Cincinnati, OH area

$

Numbers update automatically as you type

You'd spend $1.0K/month more in Raleigh, NC

$150.0K in your current city equals $162.4K in Raleigh, NC

Rent data from HUD ZIP-level estimates ยท COL index from area
Overall Cost
โ†‘ 13.8%
More expensive
Monthly Impact
$1,035
Extra cost
Annual Impact
$12.4K
Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Richmond, IN

Population:35K
Cost Index:100
Median Home:$149K

Raleigh, NC

Population:474K
Cost Index:114
Median Home:$512K

Richmond, IN

The Hoosier State

35K
Population
State Tax
Yes

Located in Indiana, this city has a population of 35K residents.

Raleigh, NC

The Tar Heel State

474K
Population
State Tax
Yes
Climate
Humid subtropical

Notable Facts

  • โ€ขResearch Triangle
  • โ€ขState capital
  • โ€ขMajor university town

Major Industries

TechnologyResearchEducationGovernment

Cost Breakdown by Category

Annual spending: Richmond, IN vs Raleigh, NC

๐Ÿ Housing
โ†‘ 37.8%
Richmond, IN
$1,792
Raleigh, NC
$2,469
Difference
$677
more
๐Ÿ“ฆOther
โ†‘ 10.9%
Richmond, IN
$1,539
Raleigh, NC
$1,707
Difference
$168
more
๐Ÿš—Transportation
โ†‘ 10.3%
Richmond, IN
$1,164
Raleigh, NC
$1,284
Difference
$120
more
โšกAll Utilities
โ†‘ 20.2%
Richmond, IN
$455
Raleigh, NC
$546
Difference
$91.88
more
๐Ÿ›’Groceries
โ†‘ 6.6%
Richmond, IN
$900
Raleigh, NC
$959
Difference
$59.59
more
๐ŸฅHealthcare
โ†‘ 8.9%
Richmond, IN
$552
Raleigh, NC
$601
Difference
$49.21
more

๐Ÿ Rent Comparison

Studio
From$594
To$1,570
โ†‘ $976
1 Bed
From$602
To$1,640
โ†‘ $1,038
2 Bed
From$790
To$1,800
โ†‘ $1,010
3 Bed
From$985
To$2,255
โ†‘ $1,270
Richmond, INZIP-level data

1BR range: $740โ€“$740/mo

Raleigh, NCZIP-level data

1BR range: $1,400โ€“$1,880/mo

๐Ÿ’ก Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$6,402
Monthly in Richmond, IN
$7,567
Monthly in Raleigh, NC
$1,165
Difference

Home Values

Richmond
Raleigh
$149K
Median Value
$512K
โ†‘ +6%
YoY Change
โ†“ -0.5%
โ†‘ +46.9%
5-Year Change
โ†‘ +38.2%
$149K
Price Range
$314K - $992K

Homes in Raleigh are 243% more expensive than Richmond

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
โ†“ $2.3K
More taxes
Monthly Difference
$190
Less take-home
Effective Rate Diff
1.5%
Rate difference

Richmond, IN

Federal Income Tax
Effective: 18.9%
$25.5K
Indiana State Tax
Effective: 3.2%
$4.8K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 27.9%
$41.9K
Take-Home Pay
$9,012/month
$108.1K

Raleigh, NC

Federal Income Tax
Effective: 18.9%
$25.5K
North Carolina State Tax
Effective: 4.8%
$7.1K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.4%
$44.1K
Take-Home Pay
$8,822/month
$105.9K

Additional Tax Information

Richmond, IN Tax Rates

Sales Tax:7.0%
Property Tax:0.9%

Raleigh, NC Tax Rates

Sales Tax:7.1%
Property Tax:0.8%

๐Ÿ’ก Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Richmond
Raleigh
52 Moderate
Air Quality
46 Good
44.8%
Good Air Days
61.7%
96 High
Climate Risk
96 High
๐ŸŒŠ๐ŸŒก๐ŸŒช
Top Hazards
๐ŸŒŠ๐ŸŒก๐ŸŒช
โ–ฒ+3.1ยฐF
2050 Outlook
โ–ฒ+2.8ยฐF
29 days
Heat Days >95ยฐF
31 days
โ–ฒ+3.1ยฐF
2050 Outlook
โ–ฒ+2.8ยฐF
29 days
Heat Days >95ยฐF
31 days

๐Ÿ’ฐ See how taxes change too โ€” compare take-home pay between Indiana and North Carolina on TaxTakeHome.com

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