Cost of Living in Richmond, LA

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19%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
57%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Richmond Louisiana National
Cost of living8193100
Groceries9898100
Health care9696100
Housing4382100
Transportation10097100
Utilities101101100
Lifestyle & Entertainment9496100
Household Items9798100
Education & Childcare9495100
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Homes For Sale In Richmond, LA

property for sale

110 Pinkie St

Tallulah, LA
property for sale

111 Burnside Dr

Tallulah, LA
property for sale

114 Burnside Dr

Tallulah, LA

Cost Of Living Quick Facts

  • The cost of living in Richmond is 12% lower than the Louisiana average
  • The cost of living in Richmond is 19% lower than the national average
  • Richmond housing is 57% lower than the national average
  • Louisiana general sales tax is 13% lower than the national average
  • Louisiana state income tax is 29% lower than the national average

Most Affordable Places to Live in and Around Richmond

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Compare Richmond, LA Cost of Living

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$37,487$3,124$875$1,125
      Renters$50,106$4,176$1,169$1,503

      Louisiana Sales Tax

      State General Sales Tax With Max Surtax
      Louisiana 4.45% 11.45%

      Louisiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Louisiana 1.85% 4.25%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Tallulah, LA6,8968217.6%
      Delta, LA2788613.8%
      Mound, LA1411818.1%
      Richmond, LA5768118.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Joiner, AR5767920.5%
      Westcliffe, CO5761032.5%
      St. David, IL5768317.4%
      Springfield, LA576955.5%
      Union Star, MO5768218.4%
      Richmond, LA5768118.8%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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