Richwood, WV Cost of Living


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Richwood cost of living score
73.9
Less expensive
26.1% lower
than the US average
6.9% lower
than the West Virginia average
Richwood, West Virginia gets a BestPlaces Cost of Living score of 73.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 26.1% lower than the U.S. average and 6.9% higher than the average for West Virginia.

Richwood, WV

Housing costs in Richwood?
A typical home costs $66,000, which is 80.5% less expensive than the national average of $338,100 and 52.8% less expensive than the average West Virginia home, at $139,700. Renting a two-bedroom unit in Richwood costs $520 per month, which is 63.6% cheaper than the national average of $1,430 and 65.4% cheaper than the state average of $860.

Can I afford Richwood?
To live comfortably in Richwood, West Virginia, a minimum annual income of $12,600 for a family, and $16,000 for a single person is recommended.

What does A.I. say about Richwood?
Richwood, WV has a relatively low cost of living compared to other cities in the region. The median home price is around $60,000, which is significantly lower than the national average. The cost of groceries and other essential goods are also lower than average. Additionally, utilities are often cheaper due to a mild climate and abundant natural resources like wind and water. All of these factors help make Richwood an affordable place to live, making it an attractive option for those looking for real estate opportunities with a lower price tag.
   Cost of living score
     CategoriesRichwoodWest VirginiaUnited States
  73.979.4100.0
  9395.8100
  124.5127.0100.0
  13.839.3100.0
  $66,000$139,700$338,100
  78.1%85.9%100.0%
  86.090.1100.0
  79.685.1100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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