Housing costs in Richfield?
A typical home costs
$294,600, which is 12.9% less expensive than the national average of
$338,100 and 42.3% less expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Richfield costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 50.6% cheaper than the state average of
$1,280.
Can I afford Richfield?
To live comfortably in Richfield, Utah, a minimum annual income of
$56,520 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Richfield?
The cost of living in Richfield, UT is quite affordable. The city's median home value is $152,800, which is much lower than the Utah state average of $344,300. Additionally, the cost of groceries and utilities are 4% and 3% lower than the national averages respectively. Renting a one-bedroom apartment in Richfield will set you back an average of $645 per month with more expensive two-bedrooms costing around $750. With its low costs and abundance of outdoor activities like camping and hiking available nearby, Richfield is an ideal location for those looking to save money on their cost of living.