Housing costs in Richland?
A typical home costs
$162,000, which is 52.1% less expensive than the national average of
$338,100 and 23.7% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Richland costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and close to the state average of
$950.
Can I afford Richland?
To live comfortably in Richland, Missouri, a minimum annual income of
$30,960 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Richland?
Richland, MO offers a favorable cost of living for those looking to settle down in the area. According to the Missouri Economic Research and Information Center, the cost of living index in Richland is lower than both the state average and national average. Goods and services such as groceries, health care, housing, transportation, and utilities are all more affordable than other areas around the country. The overall cost of living is 8% below the national average and 6.9% below the state average. This means that residents can enjoy all of what Richland has to offer without breaking their budget.