Housing costs in Richmond?
A typical home costs
$150,700, which is 55.4% less expensive than the national average of
$338,100 and 23.5% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Richmond costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 2.1% cheaper than the state average of
$980.
Can I afford Richmond?
To live comfortably in Richmond, Ohio, a minimum annual income of
$28,800 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Richmond?
Richmond, OH is known to be one of the most affordable places to live in Ohio. According to BestPlaces, Richmond's cost of living index is 82.3 which is lower than the national average of 100, making it an attractive option for those looking for an affordable place to live while still having all the amenities of a larger city. The cost of living in Richmond is largely driven by the low housing costs which are around 19% lower than the national average. Other expenses such as groceries and transportation are also quite affordable due to the proximity of local shops and other amenities. Overall, living in Richmond can provide individuals with a great balance between affordability and quality of life.