Cost of Living in Richwood, LA
Population 3,840 · Louisiana · Data vintage 2023
(100 = US avg)
At $31,386, median household incomes in Richwood land roughly 58% below the US median, a gap that tends to persist across local labor-market indicators. Unemployment has stayed elevated relative to the national figure — 8.5% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Richwood lies roughly 100 miles east of the nearest major metro, Shreveport — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 71% lower than Shreveport's $178,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Richwood
The median home value in Richwood is $52,300 — 83% below the national median of $305,000. Median rent runs $873/month, 34% lower than the national median of $1,314/month. The median household income of $31,386/year is 58% lower than the US median of $74,580. The local unemployment rate is 8.5%, above the national average of 4.8%. Louisiana's top state income tax rate is 4.3% and the combined sales tax is 9.5%. The climate averages highs of 76.6°F and lows of 54.8°F. Overall, Richwood has a cost of living index of 37 versus the US average of 100, meaning it is 63% less expensive.
Richwood has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 57 | 61 | 69 | 77 | 84 | 91 | 93 | 94 | 89 | 79 | 67 | 59 |
| Low °F | 37 | 40 | 47 | 54 | 63 | 70 | 73 | 71 | 66 | 54 | 44 | 39 |
| Precip" | 5.15 | 4.65 | 5.21 | 5.83 | 4.43 | 4.45 | 3.94 | 3.56 | 3.55 | 4.95 | 4.16 | 5.22 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Richwood, LA?
Richwood has a cost index of 37 (100 = national average). It is 63% below the national average.
What is average rent in Richwood, LA?
The median gross rent in Richwood is $873 per month based on 2023 Census data.
What is the average home price in Richwood?
The median home value in Richwood is $52,300 according to 2023 Census ACS data.
What is the median income in Richwood?
The median household income in Richwood is $31,386 per year (2023 ACS 5-year estimates).
What is the sales tax in Richwood, LA?
The combined state and local sales tax rate in Richwood is 9.5%. The Louisiana state income tax top rate is 4.3%.
Is Richwood, LA affordable?
Yes, Richwood is generally considered affordable, with a cost of living index of 37 — about 63% below the US national average of 100.
What is the weather like in Richwood?
Richwood has average high temperatures of 76.6°F and average lows of 54.8°F. Annual precipitation is 55.1". Data from NOAA 1991–2020 Climate Normals.
Richwood at a Glance
- Population
- 3,840
- Median Income
- $31,386
- Home Value
- $52,300
- Median Rent
- $873/mo
- Unemployment
- 8.5%
- Avg High Temp
- 76.6°F
- Sales Tax
- 9.5%
Nearby Cities
Explore county-level cost of living data
Louisiana Rankings
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