Cost of Living in Richland, MS
Population 7,250 · Mississippi · Data vintage 2023
(100 = US avg)
Buyers in Richland can reasonably expect a home to cost less than three years of household income — $131,000 against $63,611 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.
Located 7 miles southeast of Jackson, Richland falls within that metro's commuting orbit. Median home values run roughly 21% higher than Jackson's $108,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Richland
The median home value in Richland is $131,300 — 57% below the national median of $305,000. Median rent runs $1,146/month, 13% lower than the national median of $1,314/month. The median household income of $63,611/year is 15% lower than the US median of $74,580. The local unemployment rate is 4.8%, below the national average of 4.8%. Mississippi's top state income tax rate is 4.7% and the combined sales tax is 7.1%. Overall, Richland has a cost of living index of 61 versus the US average of 100, meaning it is 39% less expensive.
Richland 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
Frequently Asked Questions
What is the cost of living in Richland, MS?
Richland has a cost index of 61 (100 = national average). It is 39% below the national average.
What is average rent in Richland, MS?
The median gross rent in Richland is $1,146 per month based on 2023 Census data.
What is the average home price in Richland?
The median home value in Richland is $131,300 according to Zillow and Census data.
What is the median income in Richland?
The median household income in Richland is $63,611 per year (2023 ACS 5-year estimates).
What is the sales tax in Richland, MS?
The combined state and local sales tax rate in Richland is 7.1%. The Mississippi state income tax top rate is 4.7%.
Is Richland, MS affordable?
Yes, Richland is generally considered affordable, with a cost of living index of 61 — about 39% below the US national average of 100.
Richland at a Glance
- Population
- 7,250
- Median Income
- $63,611
- Home Value
- $131,300
- Median Rent
- $1,146/mo
- Unemployment
- 4.8%
- Sales Tax
- 7.1%
Explore county-level cost of living data
Mississippi Rankings
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