Housing costs in Richton?
A typical home costs
$148,300, which is 56.1% less expensive than the national average of
$338,100 and 4.5% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Richton costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 12.7% cheaper than the state average of
$890.
Can I afford Richton?
To live comfortably in Richton, Mississippi, a minimum annual income of
$28,440 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Richton?
The cost of living in Richton, MS is relatively low compared to other cities in the United States. According to Area Vibes, the Cost of Living Index for Richton is 86.7, which is 14.3 points lower than the national average of 100. This means that basic goods and services such as groceries, housing, health care, and transportation are more affordable than in other places around the country. In addition to the lower cost of living across most areas, there are also a number of tax incentives available to businesses and residents alike which help keep costs down even further. Overall, Richton provides an excellent quality of life with financial stability at a reasonable price point.