Cost of Living in Richland, MS
Housing
The housing market plays a significant role in determining the cost of living in Richland, MS.
- Housing Index: 86 / 100
- Median Home Price is: $176,000
- Average Rent (2 BR Apartment): $1309 per month
- Average Rent (2 BR House): $1423 per month
When considering a move to Richland, MS, the housing index at 86 suggests a cost-effective market compared to national averages. The median home price stands at 176000, making homeownership attainable, while average rents for a 2-bedroom apartment and house are 1309 and 1423, respectively. This stable rental market, combined with a housing index showing relative affordability, positions Richland as an appealing option for families and individuals looking to balance lifestyle and budget. Additionally, research local amenities, schools, and job opportunities that are vital in making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Richland, MS.
- Electricity Price: $13.42 USD (median by state)
- Natural Gas Price: $22.19 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $207 per month
Living in Richland, MS could entail higher utility costs. Electricity costs sit at $13.42, while natural gas is priced at $22.19 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $207 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.