Cost of Living in Richland, MO
Housing
The housing market plays a significant role in determining the cost of living in Richland, MO.
- Housing Index: 80.0 / 100
- Median Home Price is: $156,000
- Average Rent (2 BR Apartment): $960 per month
- Average Rent (2 BR House): $1024 per month
When considering a move to Richland, MO, the housing index of 80.0 suggests a relatively affordable market. With a median home price of 156000, prospective buyers can find a reasonable entry point to homeownership, especially compared to the national average. Renting also appears feasible, with an average rent of 960 for a 2-bedroom apartment and 1024 for a house. This affordability may attract families or individuals seeking a balanced lifestyle. It's worth noting that this area's housing costs are considerably below national trends, making it an attractive choice for new residents.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Richland, MO.
- Electricity Price: $14.64 USD (median by state)
- Natural Gas Price: $23.25 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $180 per month
Living in Richland, MO could entail higher utility costs. Electricity costs sit at $14.64, while natural gas is priced at $23.25 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $180 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Richland is a financially viable option for your relocation.