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 only Florida, Richmond Heights has a cost of living index that's 1.1x higher than Florida's index of 98.
The standard of living in Richmond Heights ranks as #3,773 most affordable out of the 6,418 places we measured in Florida. By definition, that implies Richmond Heights ranks as the #2,646 most expensive place in the Sunshine State.
Living Expense | Richmond Heights | Florida | National Average | |
---|---|---|---|---|
Overall | 106 | 98 | 100 | |
Services | 103 | 99 | 100 | |
Groceries | 117 | 107 | 100 | |
Health | 104 | 98 | 100 | |
Housing | 105 | 96 | 100 | |
Transportation | 109 | 102 | 100 | |
Utilities | 100 | 106 | 100 |
Housing swings affordability the most between places in Florida, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Statistic | Richmond Heights | Florida | United States |
---|---|---|---|
Median Home Value | $229,400 | $232,000 | $229,800 |
Median Rent | $1,332 | $1,218 | $1,096 |
Median Income | $53,085 | $57,703 | $64,994 |
Home Value To Income | 4.3x | 4.0x | 3.5x |
Rent To Monthly Income | 0.3x | 0.25x | 0.2x |
Item | Richmond Heights | Florida |
---|---|---|
Shampoo | $1.11 | $1.06 |
Movie | $13.23 | $10.68 |
Bowling | $22.13 | $14.67 |
Item | Richmond Heights | Florida |
---|---|---|
Ground Beef | $4.27 | $4.22 |
Fried Chicken | $1.73 | $1.39 |
Milk | $3.16 | $2.05 |
Item | Richmond Heights | Florida |
---|---|---|
Haircut | $14.37 | $18.62 |
Beauty Salon | $70.0 | $39.05 |
Toothpaste | $1.87 | $2.34 |
Item | Richmond Heights | Florida |
---|---|---|
Potatoes | $3.86 | $3.29 |
Pizza | $9.1 | $10.62 |
Beer | $10.98 | $9.38 |
Optometrist | $105.63 | $108.57 |
Doctor | $111.06 | $116.17 |
Dentist | $107.78 | $99.13 |
Item | Richmond Heights | Florida |
---|---|---|
Gasoline | $2.24 | $2.22 |
Tire Balancing | $60.69 | $50.07 |
All Electricity | $162.18 | $167.67 |
Phone | $188.17 | $175.64 |
City | Population | Cost Of Living | Vs. Richmond Heights |
---|---|---|---|
Kendall, FL | 77,228 | 123 | 1.2x |
Tamiami, FL | 55,757 | 116 | 1.1x |
Kendale Lakes, FL | 55,732 | 108 | 1.0x |
Coral Gables, FL | 49,937 | 164 | 1.5x |
Cutler Bay, FL | 43,928 | 113 | 1.1x |
Richmond West, FL | 37,123 | 117 | 1.1x |
South Miami Heights, FL | 35,683 | 102 | 1.0x |
Miami Lakes, FL | 31,021 | 125 | 1.2x |
Coral Terrace, FL | 25,529 | 117 | 1.1x |
Palmetto Bay, FL | 24,308 | 141 | 1.3x |