Richmond Heights, FL Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Richmond Heights, FL Summary

Cost of living in Richmond Heights research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Richmond Heights is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Richmond Heights is 106, with 100 being the average.

  • The cost of living index in Richmond Heights is 1.1x higher than the national average.

  • Richmond Heights ranks as the #326 cheapest in Florida out of 459.

  • Richmond Heights ranks as the #3,772 cheapest out of 6,412 in the US.

  • The median home value in Richmond Heights is $255,700.

  • The median income in Richmond Heights is $54,336.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
106
Richmond Heights's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Richmond Heights, FL?

According to the most recent data on the cost of living, Richmond Heights has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.

Compared to Florida, Richmond Heights has a cost of living index that's 1.0x higher than Florida's index of 101.

The standard of living in Richmond Heights ranks as #326 most affordable out of the 459 places we measured in Florida. By definition, that implies Richmond Heights ranks as the #133 most expensive place in the Sunshine State.

For more reading on life in Richmond Heights, check out:

326 out of 459
In Florida
3,772 out of 6,412
In America

Richmond Heights Cost Of Living Vs. Florida

Six factors go into calculating the cost of living index in Richmond Heights. Here is how it fairs on each of the criteria:

  • The Services index in Richmond Heights is 103.

  • The Groceries index in Richmond Heights is 117.

  • The Health index in Richmond Heights is 104.

  • The Housing index in Richmond Heights is 105.

  • The Transportation index in Richmond Heights is 109.

  • The Utilities index in Richmond Heights is 100.

Living Expense Richmond Heights Florida National Average
Overall 106 101 100
Services 103 98 100
Groceries 117 101 100
Health 104 96 100
Housing 105 108 100
Transportation 109 98 100
Utilities 100 100 100
For more reading on cost of living around Florida, check out:
Richmond Heights Cost of Living Vs. FL

Richmond Heights, FL Housing Cost Breakdown

Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Richmond Heights is $255,700.

  • The Median Rent in Richmond Heights is $1,395.

  • The Median Income in Richmond Heights is $54,336.

  • The Home Value To Income in Richmond Heights is 4.7x.

  • The Rent To Monthly Income in Richmond Heights is 0.31x.

Statistic Richmond Heights Florida United States
Median Home Value $255,700 $248,700 $244,900
Median Rent $1,395 $1,301 $1,163
Median Income $54,336 $61,777 $69,021
Home Value To Income 4.7x 4.0x 3.5x
Rent To Monthly Income 0.31x 0.25x 0.2x
Search Homes For Sale In Richmond Heights, FL
$255,700
Median Home Value
$1,395
Median Rent
$54,336
Median Income

Richmond Heights, FL Costs By Category

Detailed Richmond Heights Services Costs Vs. Florida

Item Richmond Heights Florida
Shampoo $1.11 $1.06
Movie $13.23 $10.68
Bowling $22.13 $14.67
Haircut $14.37 $18.62
Beauty Salon $70.0 $39.05

Detailed Richmond Heights Groceries Costs Vs. Florida

Item Richmond Heights Florida
Ground Beef $4.27 $4.22
Fried Chicken $1.73 $1.39
Milk $3.16 $2.05
Potatoes $3.86 $3.29
Pizza $9.1 $10.62
Beer $10.98 $9.38
Toothpaste $1.87 $2.34

Detailed Richmond Heights Health Costs Vs. Florida

Item Richmond Heights Florida
Optometrist $105.63 $108.57
Doctor $111.06 $116.17
Dentist $107.78 $99.13

Detailed Richmond Heights Transportation Costs Vs. Florida

Item Richmond Heights Florida
Gasoline $2.24 $2.22
Tire Balancing $60.69 $50.07

Detailed Richmond Heights Utilities Costs Vs. Florida

Item Richmond Heights Florida
All Electricity $162.18 $167.67
Phone $188.17 $175.64

Richmond Heights SnackAbility

5
/10
Overall SnackAbility
Jobs
6/10
Housing
8.5
Affordability
4
Diversity
8.5
Safety
N/A
Amenities
9
Education
5
Commute
3

Cost Of Living In Cities Around Richmond Heights

The cost of living varies in the cities and towns around Richmond Heights. Here's a quick look at the cost of living in the most populous nearby places:

  • Kendall, FL has a cost of living index of 123, 1.2x Richmond Heights.

  • Tamiami, FL has a cost of living index of 116, 1.1x Richmond Heights.

  • Kendale Lakes, FL has a cost of living index of 108, 1.0x Richmond Heights.

City Population Cost Of Living Vs. Richmond Heights
Kendall, FL 78,007 123 1.2x
Tamiami, FL 54,525 116 1.1x
Kendale Lakes, FL 53,392 108 1.0x
Coral Gables, FL 49,269 164 1.5x
Cutler Bay, FL 44,865 113 1.1x
Richmond West, FL 37,626 117 1.1x
South Miami Heights, FL 36,239 102 1.0x
Miami Lakes, FL 30,582 125 1.2x
Coral Terrace, FL 25,869 117 1.1x
Palmetto Bay, FL 24,327 141 1.3x

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