Cost of Living in Richmond, MO
Housing
The housing market plays a significant role in determining the cost of living in Richmond, MO.
- Housing Index: 89.1 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1340 per month
- Average Rent (2 BR House): $1457 per month
Considering a move to Richmond, MO? The housing index stands at 89.1, indicating a relative affordability compared to the national average. With a median home price of 150000, it's a viable option for homebuyers seeking value. Furthermore, the average rent for a 2-bedroom apartment is a manageable 1340, while a rented house averages at 1457. Overall, it's a budget-friendly area that may appeal to families or individuals looking to establish their roots without breaking the bank. Explore community amenities and job opportunities for a well-rounded decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Richmond, 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.): $234 per month
Living in Richmond, 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 $234 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 Richmond is a financially viable option for your relocation.