College Costs in Richmond, IN 2026
Compare tuition, housing, and financial aid across 2 colleges in Richmond, Indiana. Use our free calculator to estimate your total cost.
Avg Public Tuition
$10,200
per year
Avg Private Tuition
$34,000
per year
Avg Rent Near Campus
$585
per month
Colleges & Universities
2
institutions
Richmond Overview
Population
35,720
Student Population
2,346 (6.6%)
Cost of Living Index
88.6 (avg: 100)
Walk Score
53/100
Transit Score
15/100
Unemployment Rate
3.1%
College Cost Calculator for Richmond
Cost Inputs
Total Cost (4 Years, Public In-State)
$93,552
Total After Financial Aid
$93,552
Annual Cost
$23,388
Annual After Aid
$23,388
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $93,552 |
| Monthly Payment | $1,062 |
| Total Interest | $33,920 |
| Total Loan Cost | $127,472 |
Universities in Richmond
| University | Type | Annual Tuition |
|---|---|---|
| Richmond State University | Public | $10,260 |
| Richmond Community College | Community | $5,585 |
Richmond has 2 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Richmond vs. National Average
| Category | Richmond | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $10,200 | $10,940 | -$740 |
| Monthly Rent Near Campus | $585 | $1,050 | -$465 |
| Cost of Living Index | 88.6 | 100 | -11.400000000000006 |
Richmond's cost of living is below the national average. This makes it a more affordable city for students compared to many other college towns.
Student Life in Richmond
Walk Score
Somewhat Walkable
Transit Score
Minimal Transit
Student Population
2,346 students
Richmond has a total population of 35,720, with approximately 2,346 college students (6.6% of the population). While not primarily a college town, Richmond offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.
Post-Graduation Outlook in Richmond
$30,197
Starting Salary
3.1%
Unemployment Rate
50%
Graduation Rate
~0 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Richmond earn a median starting salary of $30,197, which is -$4,803 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $93,552 (including room and board), it would take approximately 0 years of the salary premium to recoup the investment. With average financial aid of $8,090 per student per year, the net cost and payback period can be significantly reduced.
Other Cities in Indiana
Indianapolis
25 colleges · Avg tuition $9,944
Fort Wayne
24 colleges · Avg tuition $8,380
Evansville
10 colleges · Avg tuition $8,448
South Bend
9 colleges · Avg tuition $9,463
Bloomington
5 colleges · Avg tuition $10,948
Muncie
4 colleges · Avg tuition $10,036
Terre Haute
2 colleges · Avg tuition $9,570
Carmel
4 colleges · Avg tuition $10,200
Fishers
4 colleges · Avg tuition $10,200
Hammond
4 colleges · Avg tuition $10,200
Lafayette
3 colleges · Avg tuition $10,200
Noblesville
3 colleges · Avg tuition $10,200
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