(Richmond, IN)--Richmond is now the fourth least expensive city in the country in which to live.  That’s according to the latest ranking of the Council for Consumer and Economic Research, which ranked 251 participating communities in the first quarter of 2025.  The report indicates that anything that, on average, costs a dollar would only cost 80 cents in Richmond.  Prices of 61 different items are collected quarterly by chambers of commerce including housing, utilities, grocery items, transportation, and health care.