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Richmond, Rhode Island

town

At a glance

8,142
Population
$435,800
Median home value (all homes)
44% above U.S. median
$530,277
Typical market value
Zillow, 2026-07
$1,580/mo
Median rent
17% above U.S. median
$124,653
Median household income
59% above U.S. median
34 min
Average commute
100%
Homes with broadband
1.2%
Unemployment

Cost of living (Clay Affordability Index)

CAI 64 — 36% below the national average. how it's computed

Housing61% above
Goods & services100% below
Utilities24% above
Taxes33% below
Insurance18% above
Commute cost25% above
For business: Rhode Island is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

Nearest 4-year college7 mi
Nearest community college18 mi
Nearest technical college18 mi
High school graduates98.7%
College graduates49.5%

Doing business here

Economic development contacts, most local first:

city Economic Development Commission (Town of Richmond, RI)
State sales taxYes
State income taxYes
Right-to-work stateNo

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