Richwood, LA Cost Of Living

Demographics | Cost Of Living
Updated: 2021-02-06
74
Richwood's Overall Cost Of Living
0.7x
Lower Than The National Average
1 out of 108
In Louisiana
37 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Richwood is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Richwood, LA?

According to the most recent data on the cost of living, Richwood has an overall cost of living index of 74 which is 0.7x lower than the national index of 100.

Compared to only Louisiana, Richwood has a cost of living index that's 0.8x lower than Louisiana's index of 92.

The standard of living in Richwood ranks as #37 most affordable out of the 6,522 places we measured in Louisiana. By definition, that implies Richwood ranks as the #6,369 most expensive place in the Pelican State.

For more reading on life in Richwood, check out:

Richwood Cost Of Living Vs. Louisiana

Living Expense Richwood Louisiana National Average
Overall 74 92 100
Services 90 96 100
Groceries 95 98 100
Health 94 98 100
Housing 35 81 100
Transportation 94 99 100
Utilities 81 88 100
For more reading on cost of living around Louisiana, check out:
Richwood Cost of Living Vs. LA

Richwood, LA Housing Cost Breakdown

Housing swings affordability the most between places in Louisiana, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$48,600
Median Home Value
$556
Median Rent
$24,896
Median Income
Statistic Richwood Louisiana United States
Median Home Value $48,600 $163,100 $217,500
Median Rent $556 $866 $1,062
Median Income $24,896 $49,469 $62,843
Home Value To Income 2.0x 3.3x 3.5x
Rent To Monthly Income 0.27x 0.21x 0.2x

Detailed Richwood Services Costs Vs. Louisiana

Item Richwood Louisiana
Shampoo $0.96 $1.01
Movie $8.5 $10.72
Bowling $15.0 $13.86

Detailed Richwood Groceries Costs Vs. Louisiana

Item Richwood Louisiana
Ground Beef $3.56 $3.9
Fried Chicken $1.14 $1.4
Milk $2.01 $1.96

Detailed Richwood Health Costs Vs. Louisiana

Item Richwood Louisiana
Haircut $16.25 $17.49
Beauty Salon $30.0 $38.17
Toothpaste $2.43 $2.32

Detailed Richwood Transportation Costs Vs. Louisiana

Item Richwood Louisiana
Potatoes $3.16 $3.18
Pizza $9.79 $10.39
Beer $8.58 $9.23
Optometrist $81.67 $106.34
Doctor $95.0 $115.25
Dentist $110.0 $98.38

Detailed Richwood Utilities Costs Vs. Louisiana

Item Richwood Louisiana
Gasoline $2.3 $2.59
Tire Balancing $51.67 $48.9
All Electricity $115.77 $167.6
Phone $176.14 $163.42

Richwood SnackAbility

4
/10
Overall SnackAbility
Jobs
2/10
Housing
3
Affordability
7
Diversity
8
Safety
N/A
Amenities
8
Education
2
Commute
9

Cost Of Living In Cities Around Richwood

City Population Cost Of Living Vs. Richwood
Monroe, LA 48,241 84 1.1x
Ruston, LA 21,976 88 1.2x
West Monroe, LA 12,583 83 1.1x
Claiborne, LA 11,602 88 1.2x
Bastrop, LA 10,311 76 1.0x

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