Housing costs in Richland?
A typical home costs
$316,200, which is 6.5% less expensive than the national average of
$338,100 and 44.6% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Richland costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 13.4% cheaper than the state average of
$1,100.
Can I afford Richland?
To live comfortably in Richland, Michigan, a minimum annual income of
$60,480 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Richland?
Richland, MI is a relatively affordable place to live. The cost of living in Richland is 8% lower than the national average, making it a great option for those who are looking for an affordable place to call home. Housing costs are quite reasonable, with a median home price around $135,000 and rent prices typically staying below $1,000 per month. Utilities are also relatively low compared to other parts of the country, with the average electricity bill coming in at around $83 per month. All in all, Richland is a great option for those looking for an affordable place to live without sacrificing quality of life.