Housing costs in Richland?
A typical home costs
$257,300, which is 23.9% less expensive than the national average of
$338,100 and 4.0% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Richland costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and close to the state average of
$910.
Can I afford Richland?
To live comfortably in Richland, South Dakota, a minimum annual income of
$49,320 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Richland?
Richland, SD is an affordable place to live with the cost of living lower than the national average. With a median home value of $103,400, housing costs are quite reasonable, and residents can expect to pay an average of $1,155 for monthly rent. Groceries are also low-cost—the average cost of a market-basket of essential food items is around $45. On top of this, transportation costs are low since Richland is a relatively small town with limited public transportation options. All in all, living in Richland won’t break the bank and it's easy to keep your budget in check!