Housing costs in Richland?
A typical home costs
$193,500, which is 42.8% less expensive than the national average of
$338,100 and 24.6% more expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Richland costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and 18.3% more than the state average of
$890.
Can I afford Richland?
To live comfortably in Richland, Mississippi, a minimum annual income of
$37,080 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Richland?
Richland, MS has a very affordable cost of living. The median home value is just under $100,000 and the median household income is around $40,000. The overall cost of living index in Richland is lower than the national average, making it an attractive destination for those who want to live comfortably and save money. Groceries, transportation costs, utilities, and healthcare all rank much lower than other towns in Mississippi. This makes Richland a great place to settle down and spend your days without spending too much money.