Richland, MS Cost Of Living
Cost Of Living In Richland, MS Summary
Cost of living in Richland research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Richland is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Mississippi, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Richland is 89, with 100 being the average.
The cost of living index in Richland is 0.9x lower than the national average.
Richland ranks as the #45 cheapest in Mississippi out of 69.
Richland ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Richland is $109,000.
The median income in Richland is $47,619.
Table Of Contents
Richland's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Richland, MS?
According to the most recent data on the cost of living, Richland has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Mississippi, Richland has a cost of living index that's 1.0x higher than Mississippi's index of 86.
The standard of living in Richland ranks as #45 most affordable out of the 69 places we measured in Mississippi. By definition, that implies Richland ranks as the #24 most expensive place in the Magnolia State.
For more reading on life in Richland, check out:
- Living In Richland
- Richland Crime Report
- Search Homes For Sale In Richland, MS
In Mississippi
In America
Richland Cost Of Living Vs. Mississippi
Six factors go into calculating the cost of living index in Richland. Here is how it fairs on each of the criteria:
The Services index in Richland is 97.
The Groceries index in Richland is 87.
The Health index in Richland is 90.
The Housing index in Richland is 72.
The Transportation index in Richland is 88.
The Utilities index in Richland is 105.
| Living Expense | Richland | Mississippi | National Average | |
|---|---|---|---|---|
| Overall | 89 | 86 | 100 | |
| Services | 97 | 92 | 100 | |
| Groceries | 87 | 94 | 100 | |
| Health | 90 | 98 | 100 | |
| Housing | 72 | 69 | 100 | |
| Transportation | 88 | 91 | 100 | |
| Utilities | 105 | 87 | 100 | |
Richland, MS Housing Cost Breakdown
Housing swings affordability the most between places in Mississippi, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Richland is $109,000.
The Median Rent in Richland is $1,039.
The Median Income in Richland is $47,619.
The Home Value To Income in Richland is 2.3x.
The Rent To Monthly Income in Richland is 0.26x.
| Statistic | Richland | Mississippi | United States |
|---|---|---|---|
| Median Home Value | $109,000 | $133,000 | $244,900 |
| Median Rent | $1,039 | $830 | $1,163 |
| Median Income | $47,619 | $49,111 | $69,021 |
| Home Value To Income | 2.3x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.26x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Richland, MS Costs By Category
Detailed Richland Services Costs Vs. Mississippi
| Item | Richland | Mississippi |
|---|---|---|
| Shampoo | $0.76 | $1.06 |
| Movie | $9.08 | $10.68 |
| Bowling | $7.08 | $14.67 |
| Haircut | $13.32 | $18.62 |
| Beauty Salon | $23.38 | $39.05 |
Detailed Richland Groceries Costs Vs. Mississippi
| Item | Richland | Mississippi |
|---|---|---|
| Ground Beef | $5.35 | $4.22 |
| Fried Chicken | $1.05 | $1.39 |
| Milk | $1.78 | $2.05 |
| Potatoes | $2.36 | $3.29 |
| Pizza | $9.32 | $10.62 |
| Beer | $9.72 | $9.38 |
| Toothpaste | $3.06 | $2.34 |
Detailed Richland Health Costs Vs. Mississippi
| Item | Richland | Mississippi |
|---|---|---|
| Optometrist | $83.0 | $108.57 |
| Doctor | $90.5 | $116.17 |
| Dentist | $86.63 | $99.13 |
Detailed Richland Transportation Costs Vs. Mississippi
| Item | Richland | Mississippi |
|---|---|---|
| Gasoline | $2.01 | $2.22 |
| Tire Balancing | $37.66 | $50.07 |
Detailed Richland Utilities Costs Vs. Mississippi
| Item | Richland | Mississippi |
|---|---|---|
| All Electricity | $122.36 | $167.67 |
| Phone | $40.59 | $175.64 |
Richland SnackAbility
/10
Cost Of Living In Cities Around Richland
The cost of living varies in the cities and towns around Richland. Here's a quick look at the cost of living in the most populous nearby places:
Jackson, MS has a cost of living index of 83, 0.9x Richland.
Clinton, MS has a cost of living index of 93, 1.0x Richland.
Madison, MS has a cost of living index of 107, 1.2x Richland.
| City | Population | Cost Of Living | Vs. Richland |
|---|---|---|---|
| Jackson, MS | 156,803 | 83 | 0.9x |
| Clinton, MS | 27,830 | 93 | 1.0x |
| Madison, MS | 27,459 | 107 | 1.2x |
| Pearl, MS | 27,017 | 88 | 1.0x |
| Brandon, MS | 24,887 | 95 | 1.1x |
| Ridgeland, MS | 24,330 | 95 | 1.1x |
| Byram, MS | 12,591 | 92 | 1.0x |
| Flowood, MS | 10,019 | 94 | 1.1x |
