Housing costs in Richmond?
A typical home costs
$349,500, which is 3.4% more expensive than the national average of
$338,100 and 45.2% more expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Richmond costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 11.5% cheaper than the state average of
$920.
Can I afford Richmond?
To live comfortably in Richmond, North Dakota, a minimum annual income of
$66,960 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Richmond?
The cost of living in Richmond, ND is considerably lower than the national average. Housing costs are particularly low, with an average price of $137,300 for a three-bedroom home. Food and transportation costs also remain relatively low due to the number of local retailers and businesses. Groceries can cost up to 20% less than the national average, while gas prices remain well below the national median. In addition, utility bills such as electricity and water tend to be more affordable in Richmond compared to other areas around the country. All in all, Richmond is a great place for individuals looking to enjoy a high quality of life without breaking the bank.