Residential comparison · 13 facts
Richmond, IN vs Valparaiso, IN
Compare the housing, tax, cost, income, safety, school, and climate facts that are available for both places. The table shows the numbers without declaring one city universally better.
A household earning $85,000 in Richmond needs about $93,500 in Valparaiso to keep the same lifestyle.
Coming from Valparaiso, $85,000 of lifestyle costs about $76,500 in Richmond.
A few differences
- Valparaiso is higher on median household income ($69,872 vs $45,399).
- Richmond is lower on cost of living index (73 vs 87).
- Richmond is lower on 2-bedroom rent ($843/mo vs $1,241/mo).
Richmond vs Valparaiso · facet by facet
| Facet | Richmond, IN | Valparaiso, IN |
|---|---|---|
| Median home price | $114,400 | $267,300 |
| 2-bedroom rent | $843/mo | $1,241/mo |
| Property tax rate | 0.83% | 0.83% |
| State & local income tax | 4.75% | 4.75% |
| Sales tax | 7% | 7% |
| Cost of living index | 73 | 87 |
| Groceries index | 95 | 95 |
| Utilities | $165/mo | $165/mo |
| Median household income | $45,399 | $69,872 |
| Unemployment rate | 3.6% | 3.6% |
| Crime index | 45/100 | 45/100 |
| School rating | 5.8/10 | 5.8/10 |
| Sunny days / year | 190 days | 190 days |
Data: Census ACS 2024 · BLS · Tax Foundation 2024 brackets · HUD/Zillow · NOAA 1991–2020 · FEMA NRI · Values are shown as reported; no universal winner is implied.
Full profiles: Richmond, IN · Valparaiso, IN
Questions & answers
- Is Richmond cheaper than Valparaiso?
- Richmond has the lower day-to-day cost index (73 vs 87 against a national 100). The other differences are shown facet by facet in the table.
- What household income in Valparaiso equals $85,000 in Richmond?
- A household earning $85,000 in Richmond needs about $93,500 in Valparaiso to keep the same lifestyle; coming the other way, $85,000 of Valparaiso lifestyle costs about $76,500 in Richmond.