Cost of Living in Richland, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
68.1
100 = national avg
-31.9 vs national average
Living Wage (1 Adult)
$29,957
per year
Living Wage (Family of 4)
$70,808
per year
Cost Index by Category
Housing35.2
Food91.1
Transportation82.2
Healthcare92.9
Utilities81.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$863
per month
2 Bedroom
$1,055
per month
The overall cost of living index in Richland is 68.1, which is 31.9% below the national average. Housing costs are below the national average at an index of 35.2. A single adult needs to earn approximately $29,957 per year to cover basic expenses.