Housing costs in Richmond?
A typical home costs
$523,300, which is 54.8% more expensive than the national average of
$338,100 and 6.1% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Richmond costs
$2,170 per month, which is 51.7% more than the national average of
$1,430 and close to the state average of
$2,140.
Can I afford Richmond?
To live comfortably in Richmond (zip 01254), Massachusetts, a minimum annual income of
$100,440 for a family, and
$66,800 for a single person is recommended.
What does A.I. say about Richmond?
Living in 01254 Richmond, MA can be quite costly. The median home value is currently $275,000, which is considerably higher than the national median of $218,700. As a result, the cost of housing is significantly higher than average as well. Additionally, the cost of living index in Richmond is 129.3 compared to the national average of 100, meaning that it costs 29.3% more to live in Richmond than it does most other places in the United States. Though prices are higher for some goods and services like housing and groceries, public transportation fares tend to be cheaper than most other cities and towns across Massachusetts.