Housing costs in Richmond?
A typical home costs
$231,300, which is 31.6% less expensive than the national average of
$338,100 and 19.0% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Richmond costs
$790 per month, which is 14.1% cheaper than the national average of
$920 and close to the state average of
$780.
Can I afford Richmond?
To live comfortably in Richmond (zip 40475), Kentucky, a minimum annual income of
$44,280 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Richmond?
The cost of living in 40475 Richmond, KY is relatively low compared to the national average. According to recent data from BestPlaces, housing costs in the area are approximately 23% lower than the U.S. average, and groceries are 8% lower than the national average. Additionally, transportation costs in Richmond are an estimated 16% lower than the U.S. average, making it an affordable city for those looking to save money while still enjoying all that Kentucky has to offer. Combined with its charming downtown area, low educational costs and rich history, Richmond is an attractive destination for those looking for a place to call home without breaking the bank.