Housing costs in Richmond?
A typical home costs
$103,100, which is 69.5% less expensive than the national average of
$338,100 and 64.4% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Richmond costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 44.2% cheaper than the state average of
$1,110.
Can I afford Richmond?
To live comfortably in Richmond North Carol County, North Carolina, a minimum annual income of
$19,800 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Richmond?
The cost of living in Richmond, NC County is far below the US average. According to the data, the cost of living in Richmond is 70.4 compared to a US average of 100. This lower cost of living can be seen as an advantage for those looking to live in the area as they can save a significant amount on expenses such as housing, groceries, and utilities. The median house value is also significantly less than the US median, with Richmond’s median house value at $103100 compared to the US median house value of $338100. This lower housing cost could make it easier for those looking to purchase a home in this area without sacrificing other areas of their budget.