Housing costs in Richmond?
A typical home costs
$452,600, which is 33.9% more expensive than the national average of
$338,100 and 11.4% less expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Richmond costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 30.6% cheaper than the state average of
$1,280.
Can I afford Richmond?
To live comfortably in Richmond, Utah, a minimum annual income of
$86,760 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Richmond?
Richmond, UT is a great place to live with a low cost of living. Home prices are very reasonable and more affordable than other areas in Utah. The median home price in Richmond is around $150,000—much lower than the statewide average of $250,000. Additionally, grocery costs, gas prices, and other necessities tend to be cheaper in Richmond compared to other parts of the state. This makes it a great choice for people who want to save money while still having access to all the amenities of city life.