States › Mississippi › Richland

Is Richland, MS expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,49715% lower than U.S. average
💵 Families earn per year (2026)$71,783about $5,982/month · 18% lower than U.S. average
🔑 House price$125,80062% lower than U.S. average

Rent is lower than in 58% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 19.7 minutes.

How much money do I need?

To rent here comfortably, you should earn about $59,880 a year. That is $29 an hour at a full-time job.

Is rent cheaper than other Mississippi cities?

No. Rent here is more expensive than in most of Mississippi. It is number 54 of 66 cities from cheapest to most expensive.

Richland
$1,497
Batesville
$942
Waveland
$1,410
New Albany
$1,024
Philadelphia
$832
Kosciusko
$682
Latimer
$1,181

How much do households earn in Richland?

Under $25k
16.2%
$25k–50k
15.3%
$50k–100k
46.5%
$100k–150k
7.0%
$150k+
6.5%

Share of households by yearly income. 13.4% of households earn $100,000 or more.

Rent by apartment size in Richland

SizeRichlandU.S. average
2 bedrooms$1,173$1,509
3 bedrooms$1,460$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Richland overall?

Everyday prices in Mississippi overall are 13% below the U.S. average (index 87.0, U.S. = 100).

Housing
56
Goods (food, clothes…)
96
Utilities
78
Other services
96
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Richland, so the Mississippi figure is shown.

Taxes and bills in Richland

🏛️ Property tax$926a year · 0.74% of home value · U.S. $3,119
⚡ Electric bill$178a month (typical) · U.S. $156

Life in Richland

Commute to work19.7 minU.S.: 26.4 min
College degree20.5%U.S.: 35.7%
Own their home72.9%U.S.: 65.2%
Below poverty line12.7%U.S.: 12.5%
Unemployment5.1%U.S.: 5.2%

Is it cheaper to rent or buy in Richland?

Buying is cheaper month to month: about $624 a month less than renting.

Renting
$1,497
Owning
$873

Owning assumes a typical $125,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $12,580 for the down payment.

Frequently asked questions

What is the average rent in Richland, MS?

Renting in Richland costs a median of about $1,497 a month in 2026, including utilities. The Mississippi median is $1,187.

How much do I need to make to live in Richland?

To keep rent under 30% of income, you need about $59,880 a year, or $29 an hour at a full-time job.

Is Richland cheap or expensive?

Richland is rated OK: rent takes 25.0% of the typical household income of $71,783. It ranks 54th cheapest of 66 Mississippi cities we track.

How much are property taxes in Richland?

The median homeowner in Richland pays $926 a year in property taxes, about 0.74% of the median home value.

Is Richland more expensive than the national average?

Overall prices in Mississippi are 13% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Richland?

The median home value in Richland is $125,800, about 1.8 times the typical yearly household income.

7,346 people live in Richland. Numbers are typical (middle) values.