Cost of Living in Richland, TX
Population: 354 | Texas
Richland is 22% less expensive than the national average.
Cost of Living in Richland, TX: What You Need to Know
With a cost of living index of 78, Richland, TX is a very affordable place to live. Living here is 22% cheaper than the national average and 9% below the Texas state average of 88. Richland is a small community of 354 residents.
The median household income in Richland is $53,750, which is 28% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Climate is another factor for anyone considering a move to Richland. The area sees an average annual temperature of 67°F, with summers averaging 84°F and winters around 50°F. Annual rainfall totals 39.3 inches spread over roughly 85 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.
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
- $53,750
- vs US Median ($75,149)
- -28%
Housing
- Median Home Value
- $60,500
- Median Monthly Housing Cost
- $436/mo
Climate in Richland
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 59 | 63 | 70 | 77 | 84 | 91 | 95 | 96 | 90 | 80 | 68 | 60 |
| Avg °F | 48 | 52 | 59 | 66 | 74 | 81 | 85 | 85 | 79 | 69 | 57 | 50 |
| Low °F | 38 | 41 | 48 | 55 | 64 | 71 | 74 | 74 | 68 | 57 | 47 | 39 |
| Rain" | 2.8 | 2.7 | 3.6 | 3.5 | 4.4 | 3.8 | 2.3 | 2.3 | 2.5 | 5.1 | 3.2 | 3.2 |