Cost of Living in Richland, SD

With a cost of living index of 88, Richland, SD is a very affordable place to live. Living here is 12% cheaper than the national average and 13% above the South Dakota state average of 74. Richland is a small community of 168 residents.

The median household income in Richland is $53,295, which is 29% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Sioux City, IA-NE-SD (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.