Cost of Living in Richards, MO
Population: 44 | Missouri
Richards is 23% less expensive than the national average.
Cost of Living in Richards, MO: What You Need to Know
With a cost of living index of 77, Richards, MO is a very affordable place to live. Living here is 23% cheaper than the national average and 3% above the Missouri state average of 75. Richards is a small community of 44 residents.
The median household income in Richards is $42,969, which is 43% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $42,969
- vs US Median ($75,149)
- -43%
Housing
- Median Home Value
- $65,000
- Median Monthly Housing Cost
- $713/mo