Housing costs in Richland?
A typical home costs
$133,300, which is 60.6% less expensive than the national average of
$338,100 and 31.6% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Richland costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 10.7% cheaper than the state average of
$930.
Can I afford Richland?
To live comfortably in Richland (zip 52585), Iowa, a minimum annual income of
$25,560 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Richland?
The cost of living in 52585 Richland, IA is very reasonable. The median home value in the area is $104,400, considerably lower than the national average. The median household income is also lower than the national average, at $50,161 a year. Property taxes are quite low compared to other areas with an effective tax rate of 1.86%. This makes Richland an attractive location for those looking for affordable housing and a small-town atmosphere. Groceries and health care costs are slightly below the national averages, while utilities and transportation costs are slightly above. Overall, the cost of living in Richland is quite reasonable when compared to similar areas around the nation.