Cost of Living in Richmond County, Georgia

$1,087/mo

Median Monthly Rent

$163,300

Median Home Value

17% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,087/mo

17% above state average

Median Home Value

$163,300

42% below national

Rent-to-Income Ratio

33.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Richmond County Compares

Median monthly rent comparison

Richmond County$1,087/mo

Georgia Average$927/mo

National Median$1,163/mo

Detailed Housing Stats

$1,087/mo

Median Gross Rent

$163,300

Median Home Value

$991/mo

Monthly Owner Cost

33.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Richmond County, Georgia

Richmond rents strain household budgets

At 24.5%, Richmond County's rent-to-income ratio runs 6 percentage points higher than the national norm, meaning renters here spend roughly a quarter of their earnings on housing. The county's median household income of $53,197 falls $21,558 below the national average, widening the affordability gap significantly.

Above Georgia's housing pressure line

Richmond County's 24.5% rent-to-income ratio exceeds Georgia's state average of 18.6% by nearly 6 points, placing it among the state's more strained housing markets. Only the most expensive metro counties in Georgia face comparable affordability pressures for renters.

Pricier than surrounding rural counties

Richmond's median rent of $1,087 runs $140-$499 above neighboring rural counties like Screven ($629) and Schley ($746), though it remains below Rockdale County's $1,341. The county's median home value of $163,300 sits squarely between its rural neighbors and the more developed Rockdale County's $256,600.

Housing consumes nearly a quarter of income

Richmond renters spend $1,087 monthly on housing while homeowners pay $991, leaving limited room in a $53,197 median household income for other essentials. Together, these housing costs represent 24.5% of renters' income and 22.3% of homeowners' income, both above comfort thresholds.

Consider rural neighbors for lower costs

If you're weighing a move to this region, comparing Richmond to nearby Screven County could save you $458 monthly in rent with similar community amenities. Homebuyers might also explore the $152,900 median value in Schley County—roughly $11,000 less than Richmond's comparable properties.

Affordability Calculator

See how your income compares to housing costs in Richmond County

Your Annual Household Income

Rent Burden

24.5%

of gross income

Max Housing (28% Rule)

$1,241

per month

Owner Cost Burden

22.4%

of gross income

The median home in Richmond County may be a stretch

Median home value is $163,300. Estimated monthly cost: $1,304 vs. your max of $1,241.

Rent Affordability Guide

Your rent-to-income ratio24.5%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Richmond County, Georgia?

Richmond County, Georgia has a median monthly rent of $1,087/mo and a median home value of $163,300. The affordability rating is Unaffordable, with rent making up approximately 33.0% of median household income.

What is the median rent in Richmond County?

The median gross rent in Richmond County is $1,087/mo. This is 17% above state average for Georgia.

Is Richmond County affordable?

Richmond County is rated Unaffordable based on rent-to-income ratio of 33.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Richmond County's rent compare to the state average?

Richmond County's median rent of $1,087/mo is 17% above state average of $927/mo for Georgia.

What is the median home value in Richmond County?

The median home value in Richmond County, Georgia is $163,300. This is 42% below the national median home value of $281,900.