Cost of Living in Richland, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
98.3
100 = national avg
-1.7 vs national average
Living Wage (1 Adult)
$43,230
per year
Living Wage (Family of 4)
$102,180
per year
Cost Index by Category
Housing98.6
Food98.6
Transportation97.2
Healthcare98.9
Utilities98.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,097
per month
2 Bedroom
$1,288
per month
The overall cost of living index in Richland is 98.3, which is 1.7% below the national average. Housing costs are below the national average at an index of 98.6. A single adult needs to earn approximately $43,230 per year to cover basic expenses.