Cost of Living in Richwood, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
121.5
100 = national avg
+21.5 vs national average
Living Wage (1 Adult)
$53,444
per year
Living Wage (Family of 4)
$126,322
per year
Cost Index by Category
Housing135.8
Food111.3
Transportation110.2
Healthcare109.1
Utilities114.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,240
per month
2 Bedroom
$1,359
per month
The overall cost of living index in Richwood is 121.5, which is 21.5% above the national average. Housing costs are above the national average at an index of 135.8. A single adult needs to earn approximately $53,444 per year to cover basic expenses.