Housing costs in Richmond?
A typical home costs
$251,200, which is 25.7% less expensive than the national average of
$338,100 and 39.3% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Richmond costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 70.4% cheaper than the state average of
$1,960.
Can I afford Richmond?
To live comfortably in Richmond, New York, a minimum annual income of
$48,240 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Richmond?
Richmond, NY is an affordable place to live compared to most of the state. The cost of living in Richmond is about 9% lower than the average for New York State, making it a great location for people looking to save money. Housing prices are particularly competitive, with the median rent being 11% lower than the state's average. Additionally, groceries and health care costs are both roughly 10% below state averages. With its lower cost of living, Richmond offers a great opportunity for those seeking an affordable place to live in New York State.