Cost of Living in Richlands, VA

With a cost of living index of 69, Richlands, VA is one of the most affordable cities in the country. Living here is 31% cheaper than the national average and 36% below the Virginia state average of 104. Richlands is a smaller community of 5,188 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Richlands's cost of living. The median monthly rent is $824 (38% below the US median of $1,319), and the median home value sits at $107,300 (65% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Richlands is $37,382, which is 50% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Richlands. The area sees an average annual temperature of 52.1°F, with summers averaging 69°F and winters around 34°F. Annual rainfall totals 41.2 inches spread over roughly 154 days.

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.