Executive Financial Report: Richfield (83349)
Navigating the local economic landscape in Richfield (83349) reveals an average baseline monthly cost of living of approximately $3,227 for single individuals. This comprehensive benchmark reflects essential housing, food, tax, and healthcare commitments.
With typical rent and housing utilities averaging an affordable $629 per month—just 19% of baseline expenses—Richfield offers exceptionally competitive housing costs compared to wider metropolitan averages across Idaho.
Household earnings in Richfield generally align with basic living standards. With an area median family income of $55,405, local workers earn roughly 1.43x the baseline living cost ($38,729.053/year). While adequate, maintaining a comfortable safety net requires mindful budgeting.
Tax obligations represent roughly 16% ($523/month) of baseline monthly spending in zip code 83349. State and federal tax obligations form a consistent component of monthly financial planning. Meanwhile, essential groceries average $267 monthly for single adults.
In summary, living in Richfield, ID requires balancing local real estate conditions with prevailing regional wage structures. Use the interactive calculator below to adjust these benchmarks for multi-person family households or compare 83349 against other US destinations.