Housing costs in Richwood?
A typical home costs
$239,800, which is 29.1% less expensive than the national average of
$338,100 and 19.4% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Richwood costs
$1,130 per month, which is 21.0% cheaper than the national average of
$1,430 and 13.3% cheaper than the state average of
$1,280.
Can I afford Richwood?
To live comfortably in Richwood, Texas, a minimum annual income of
$46,080 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Richwood?
Richwood, TX is a great place to live with a surprisingly low cost of living. The overall cost of living index in Richwood is only 85, which is 15 points below the national average. Costs for groceries, health care, transportation, housing and other amenities are all much lower than what is typically seen in many other parts of the country. In addition to this, the median household income in Richwood is significantly higher than the state and national averages which helps make up for the lower prices on goods and services. Thus, many people who move to Richwood find that their cost of living is significantly lower than they were used to before moving there.