Housing costs in New Richmond?
A typical home costs
$80,700, which is 76.1% less expensive than the national average of
$338,100 and 42.2% less expensive than the average West Virginia home, at
$139,700. Renting a two-bedroom unit in New Richmond costs
$630 per month, which is 55.9% cheaper than the national average of
$1,430 and 36.5% cheaper than the state average of
$860.
Can I afford New Richmond?
To live comfortably in New Richmond (zip 24867), West Virginia, a minimum annual income of
$15,480 for a family, and
$20,400 for a single person is recommended.
What does A.I. say about New Richmond?
The cost of living in 24867 New Richmond, WV is quite affordable. The median home value is around $111,000, which is lower than the national average. The median household income is also much lower than the national average at just around $39,000 per year. Despite the lower incomes in New Richmond, the area boasts low living costs with utilities being approximately 8% lower than the national average and groceries costing 11% less. In addition to these savings, transportation costs are also notably cheaper when compared to other areas of the country. Overall, living in 24867 New Richmond, WV can be quite economical.