Housing costs in Richmond?
A typical home costs
$187,300, which is 44.6% less expensive than the national average of
$338,100 and 1.4% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Richmond costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 31.6% cheaper than the state average of
$1,000.
Can I afford Richmond?
To live comfortably in Richmond, Louisiana, a minimum annual income of
$36,000 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Richmond?
The cost of living in Richmond, LA is relatively low compared to most parts of the United States. The overall cost of living index for Richmond is 78.1, which is significantly lower than the national average of 100. Housing costs are especially affordable in Richmond, with an index score of just 71, which is much lower than the national average. Additionally, utilities and transportation costs are also rather inexpensive, making Richmond a great option for those looking for a more budget-friendly lifestyle.