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Cost of Living in Richland, IA

2025 Affordability Data & Housing Costs

88.9

Cost of Living Index (100 = US Average)

Affordable

Median Home Value

$118,100

Owner-occupied homes (2023 ACS)

Median Household Income

$57,308

Annual (2023 ACS)

Housing Costs

The median home value in Richland is $118,100, which is lower than the national average. The home price-to-income ratio is 2.1, indicating strong affordability.

Income & Purchasing Power

The median household income in Richland is $57,308 annually.

Compare with Other Cities

View all cities in Iowa

Frequently Asked Questions

What is the cost of living index in Richland, IA?

The COL index is 88.9, which is lower than the US average of 100.

What is the median home value in Richland?

The median home value is $118,100.

What is the median rent in Richland?

Data not available.

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