Richmond, IN — income, home value, property tax, and sales tax.
In ZIP code 47374, which takes in Richmond, households bring in a median of $50,766 a year, while per-capita income sits at $31,638. With a median home value of $130,700 and a county property tax rate of 0.81%, owning a home here carries an annual tax bill of roughly $1,059. Day-to-day purchases add a 7.00% combined sales tax. Together these figures shape how far a paycheck stretches: housing costs stay contained, but the sales tax takes a bite out of spending on goods and services.
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