Cost Of Living in Richwood, LA

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18%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

54%

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	Richwood	Louisiana	National
Cost of living	82	93	100
Groceries	98	98	100
Health care	96	96	100
Housing	46	82	100
Transportation	100	97	100
Utilities	101	101	100
Lifestyle & Entertainment	94	96	100
Household Items	97	98	100
Education & Childcare	94	95	100

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Homes For Sale In Richwood, LA

291 N Leo LN

Monroe, LA

253 N Leo LN

Monroe, LA

Cost Of Living Quick Facts

The cost of living in Richwood is 12% lower than the Louisiana average
The cost of living in Richwood is 18% lower than the national average
Richwood housing is 54% 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

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$54,232	$4,519	$1,265	$1,627
Renters	$31,735	$2,645	$740	$952

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.
Bawcomville, LA	2,223	82	18.3%
Brownsville, LA	3,796	82	17.5%
Start, LA	996	85	15.1%
West Monroe, LA	12,888	89	10.5%
Lakeshore, LA	2,859	92	8.1%
Richwood, LA	4,897	82	18.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Goddard, KS	4,896	93	6.8%
Crystal Springs, MS	4,895	82	17.7%
Mystic, CT	4,893	135	35.3%
Highlands, NJ	4,893	123	23.2%
Elko New Market, MN	4,901	116	16.3%
Richwood, LA	4,897	82	18.1%