Housing costs in Richmond?
A typical home costs
$543,600, which is 60.8% more expensive than the national average of
$338,100 and 2.5% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Richmond costs
$1,930 per month, which is 35.0% more than the national average of
$1,430 and 10.9% cheaper than the state average of
$2,140.
Can I afford Richmond?
To live comfortably in Richmond, Massachusetts, a minimum annual income of
$104,040 for a family, and
$59,200 for a single person is recommended.
What does A.I. say about Richmond?
Living in Richmond, MA is fairly affordable. The cost of living is generally lower than the US average, and housing prices are below the national median. The median home value in Richmond is around $249,000 and the median household income is around $73,500. Rent prices are also quite reasonable; the average rent for a one-bedroom apartment in a city center can range from $750 to $1000 per month. Other necessary expenses like groceries and medical care are also quite affordable in this area. All these factors make Richmond an attractive place to live for people looking for a low-cost lifestyle with access to amenities and services.