Cost of Living in Richwood, LA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
63.7
100 = national avg
-36.3 vs national average
Living Wage (1 Adult)
$28,044
per year
Living Wage (Family of 4)
$66,285
per year
Cost Index by Category
Housing64.6
Food74.0
Transportation48.0
Healthcare79.2
Utilities77.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$793
per month
2 Bedroom
$1,026
per month
The overall cost of living index in Richwood is 63.7, which is 36.3% below the national average. Housing costs are below the national average at an index of 64.6. A single adult needs to earn approximately $28,044 per year to cover basic expenses.