Housing costs in Richwood?
A typical home costs
$66,300, which is 80.4% less expensive than the national average of
$338,100 and 64.1% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Richwood costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 31.6% cheaper than the state average of
$1,000.
Can I afford Richwood?
To live comfortably in Richwood, Louisiana, a minimum annual income of
$12,600 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Richwood?
The cost of living in Richwood, LA is quite reasonable. The median home value is just over $100,000, and the median household income is around $50,000. Renters pay an average of $750 per month for a one-bedroom apartment in the area. Prices on basic necessities such as food and utilities are fairly low compared to other cities in the US. All these factors make Richwood an affordable place to live for those looking for a laid back lifestyle with easy access to amenities and a diverse community.