College Costs in Richmond, KY 2026
Compare tuition, housing, and financial aid across 2 colleges in Richmond, Kentucky. Use our free calculator to estimate your total cost.
Avg Public Tuition
$11,600
per year
Avg Private Tuition
$30,000
per year
Avg Rent Near Campus
$468
per month
Colleges & Universities
2
institutions
Richmond Overview
Population
37,522
Student Population
2,795 (7.4%)
Cost of Living Index
86.4 (avg: 100)
Walk Score
43/100
Transit Score
21/100
Unemployment Rate
4.5%
College Cost Calculator for Richmond
Cost Inputs
Total Cost (4 Years, Public In-State)
$101,400
Total After Financial Aid
$101,400
Annual Cost
$25,350
Annual After Aid
$25,350
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $101,400 |
| Monthly Payment | $1,151 |
| Total Interest | $36,765 |
| Total Loan Cost | $138,165 |
Universities in Richmond
| University | Type | Annual Tuition |
|---|---|---|
| Richmond State University | Public | $10,555 |
| Richmond Community College | Community | $4,742 |
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) | $11,600 | $10,940 | +$660 |
| Monthly Rent Near Campus | $468 | $1,050 | -$582 |
| Cost of Living Index | 86.4 | 100 | -13.599999999999994 |
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
Car-Dependent
Transit Score
Minimal Transit
Student Population
2,795 students
Richmond has a total population of 37,522, with approximately 2,795 college students (7.4% 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
$25,212
Starting Salary
4.5%
Unemployment Rate
62%
Graduation Rate
~0 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Richmond earn a median starting salary of $25,212, which is -$9,788 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $101,400 (including room and board), it would take approximately 0 years of the salary premium to recoup the investment. With average financial aid of $9,216 per student per year, the net cost and payback period can be significantly reduced.
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