Cost of Living in Richland, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
106.3
100 = national avg
+6.3 vs national average
Living Wage (1 Adult)
$46,775
per year
Living Wage (Family of 4)
$110,558
per year
Cost Index by Category
Housing127.6
Food90.7
Transportation110.4
Healthcare92.6
Utilities100.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$925
per month
2 Bedroom
$1,154
per month
The overall cost of living index in Richland is 106.3, which is 6.3% above the national average. Housing costs are above the national average at an index of 127.6. A single adult needs to earn approximately $46,775 per year to cover basic expenses.