Can A Welder Afford Rent in Richmond, IN?
Comfortably affordable — rent takes 22.1% of gross income.
Richmond rent: June 2026. Salary: BLS OEWS May 2024 (Indiana state estimate).
About rent and a welder salary
Welder pay tracks the US median household income closely. Pipeline and underwater welders earn materially more. At the national-average welder salary, the 30% rule supports about $1,285 a month in rent.
Cheaper rent nearby
These Indiana cities have lower median rent than Richmond, which improves the affordability math on a welder salary:
Compare with full rent data for Richmond
View full rent data for Richmond, IN →Frequently asked questions
Can a welder afford rent in Richmond, IN?
Median rent in Richmond is $870 a month. A typical welder in Indiana earns about $47,297 a year, which makes that rent 22.1% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a welder afford in Richmond?
Using the 30% rule, a welder salary in Indiana (~$47,297/yr) supports up to $1,182 a month in rent. Richmond's current median rent is $870/mo, which leaves a $312/mo buffer.
How many hours does a welder work to cover rent in Richmond?
At an hourly equivalent of about $23 an hour, a welder in Indiana works roughly 38.3 hours a month to cover Richmond's median rent of $870.
Where is rent cheaper than Richmond for a welder?
Nearby Indiana cities with lower median rent include New Castle ($866/mo), Gary ($865/mo), Marion ($860/mo). Each shifts the affordability math materially on a welder salary.