Richlands, VA Cost Of Living
Cost Of Living In Richlands, VA Summary
Cost of living in Richlands 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 Richlands is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, 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 Richlands is 79, with 100 being the average.
The cost of living index in Richlands is 0.8x lower than the national average.
Richlands ranks as the #2 cheapest in Virginia out of 186.
Richlands ranks as the #155 cheapest out of 6,412 in the US.
The median home value in Richlands is $94,800.
The median income in Richlands is $31,169.
Table Of Contents
Richlands's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Richlands, VA?
According to the most recent data on the cost of living, Richlands has an overall cost of living index of 79, which is 0.8x lower than the national index of 100.
Compared to Virginia, Richlands has a cost of living index that's 0.8x lower than Virginia's index of 102.
The standard of living in Richlands ranks as #2 most affordable out of the 186 places we measured in Virginia. By definition, that implies Richlands ranks as the #184 most expensive place in the Old Dominion.
For more reading on life in Richlands, check out:
- Living In Richlands
- Richlands Crime Report
- Search Homes For Sale In Richlands, VA
In Virginia
In America
Richlands Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Richlands. Here is how it fairs on each of the criteria:
The Services index in Richlands is 99.
The Groceries index in Richlands is 96.
The Health index in Richlands is 91.
The Housing index in Richlands is 54.
The Transportation index in Richlands is 82.
The Utilities index in Richlands is 83.
| Living Expense | Richlands | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 79 | 102 | 100 | |
| Services | 99 | 102 | 100 | |
| Groceries | 96 | 98 | 100 | |
| Health | 91 | 102 | 100 | |
| Housing | 54 | 107 | 100 | |
| Transportation | 82 | 95 | 100 | |
| Utilities | 83 | 102 | 100 | |
Richlands, VA Housing Cost Breakdown
Housing swings affordability the most between places in Virginia, 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 Richlands is $94,800.
The Median Rent in Richlands is $713.
The Median Income in Richlands is $31,169.
The Home Value To Income in Richlands is 3.0x.
The Rent To Monthly Income in Richlands is 0.27x.
| Statistic | Richlands | Virginia | United States |
|---|---|---|---|
| Median Home Value | $94,800 | $295,500 | $244,900 |
| Median Rent | $713 | $1,326 | $1,163 |
| Median Income | $31,169 | $80,615 | $69,021 |
| Home Value To Income | 3.0x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.27x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Richlands, VA Costs By Category
Detailed Richlands Services Costs Vs. Virginia
Detailed Richlands Groceries Costs Vs. Virginia
Detailed Richlands Health Costs Vs. Virginia
Detailed Richlands Transportation Costs Vs. Virginia
Detailed Richlands Utilities Costs Vs. Virginia
Richlands SnackAbility
/10
Cost Of Living In Cities Around Richlands
The cost of living varies in the cities and towns around Richlands. Here's a quick look at the cost of living in the most populous nearby places:
Bristol, TN has a cost of living index of 83, 1.1x Richlands.
Bristol, VA has a cost of living index of 84, 1.1x Richlands.
Bluefield, WV has a cost of living index of 78, 1.0x Richlands.
| City | Population | Cost Of Living | Vs. Richlands |
|---|---|---|---|
| Bristol, TN | 27,154 | 83 | 1.1x |
| Bristol, VA | 16,996 | 84 | 1.1x |
| Bluefield, WV | 9,699 | 78 | 1.0x |
| Abingdon, VA | 8,350 | 87 | 1.1x |
| Wytheville, VA | 8,260 | 92 | 1.2x |
| Pikeville, KY | 7,376 | 90 | 1.1x |
| Princeton, WV | 5,885 | 81 | 1.0x |
| Marion, VA | 5,817 | 86 | 1.1x |
