Cost of Living in Richland, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.3
100 = national avg
-15.7 vs national average
Living Wage (1 Adult)
$37,105
per year
Living Wage (Family of 4)
$87,703
per year
Cost Index by Category
Housing72.6
Food93.8
Transportation87.6
Healthcare95.0
Utilities90.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$764
per month
2 Bedroom
$919
per month
The overall cost of living index in Richland is 84.3, which is 15.7% below the national average. Housing costs are below the national average at an index of 72.6. A single adult needs to earn approximately $37,105 per year to cover basic expenses.