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.
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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.