Housing costs in New Richmond?
A typical home costs
$192,000, which is 43.2% less expensive than the national average of
$338,100 and 13.4% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in New Richmond costs
$1,250 per month, which is 12.6% cheaper than the national average of
$1,430 and 21.6% more than the state average of
$980.
Can I afford New Richmond?
To live comfortably in New Richmond, Indiana, a minimum annual income of
$36,720 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about New Richmond?
The cost of living in New Richmond, IN is quite reasonable. The overall cost of living index is at approximately 90, which is 10% lower than the national average. This makes New Richmond a great place for those looking to save money and still live comfortably. Housing costs are extremely low when compared to other cities across the nation, with an average home price of $86,100. On top of that, property taxes are also quite reasonable. This combined with the low overall cost of living allows for residents to enjoy a comfortable life without breaking the bank.