Housing costs in Richwood?
A typical home costs
$61,300, which is 81.9% less expensive than the national average of
$338,100 and 56.1% less expensive than the average West Virginia home, at
$139,700. Renting a two-bedroom unit in Richwood costs
$510 per month, which is 64.3% cheaper than the national average of
$1,430 and 68.6% cheaper than the state average of
$860.
Can I afford Richwood?
To live comfortably in Richwood (zip 26261), West Virginia, a minimum annual income of
$11,880 for a family, and
$16,000 for a single person is recommended.
What does A.I. say about Richwood?
The cost of living in 26261 Richwood, WV is fairly low compared to the national average. The median home value in the area is around $113,000, which is much lower than the national median of around $190,000. The median household income in Richwood is approximately $25,600 a year, which is significantly lower than the national median of around $60,000 a year. Renting an apartment or house in Richwood has an average cost of only $600 - $800 per month. Groceries and other basic necessities are also reasonably priced. Overall, this small town provides an excellent quality of life at a fraction of the cost you would find elsewhere in the country.