Richmond Heights, MO Cost Of Living
Cost Of Living In Richmond Heights, MO 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 Missouri, 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 #122 cheapest in Missouri out of 142.
Richmond Heights ranks as the #3,278 cheapest out of 6,489 in the US.
The median home value in Richmond Heights is $375,350.
The median income in Richmond Heights is $90,670.
Table Of Contents
Richmond Heights's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Richmond Heights, MO?
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 Missouri, Richmond Heights has a cost of living index that's 1.2x higher than Missouri's index of 88.
The standard of living in Richmond Heights ranks as #122 most affordable out of the 142 places we measured in Missouri. By definition, that implies Richmond Heights ranks as the #20 most expensive place in the Show Me State.
For more reading on life in Richmond Heights, check out:
In Missouri
In America
Richmond Heights Cost Of Living Vs. Missouri
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 91.
The Groceries index in Richmond Heights is 95.
The Health index in Richmond Heights is 88.
The Housing index in Richmond Heights is 133.
The Transportation index in Richmond Heights is 94.
The Utilities index in Richmond Heights is 104.
| Living Expense | Richmond Heights | Missouri | National Average | |
|---|---|---|---|---|
| Overall | 106 | 88 | 100 | |
| Services | 91 | 93 | 100 | |
| Groceries | 95 | 96 | 100 | |
| Health | 88 | 91 | 100 | |
| Housing | 133 | 78 | 100 | |
| Transportation | 94 | 90 | 100 | |
| Utilities | 104 | 99 | 100 | |
Richmond Heights, MO Housing Cost Breakdown
Housing swings affordability the most between places in Missouri, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Richmond Heights is $375,350.
The Median Rent in Richmond Heights is $1,447.
The Median Income in Richmond Heights is $90,670.
The Home Value To Income in Richmond Heights is 4.1x.
The Rent To Monthly Income in Richmond Heights is 0.19x.
| Statistic | Richmond Heights | Missouri | United States |
|---|---|---|---|
| Median Home Value | $375,350 | $257,929 | $303,400 |
| Median Rent | $1,447 | $996 | $1,348 |
| Median Income | $90,670 | $68,920 | $78,538 |
| Home Value To Income | 4.1x | 3.7x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Richmond Heights, MO Costs By Category
Detailed Richmond Heights Services Costs Vs. Missouri
| Item | Richmond Heights | Missouri |
|---|---|---|
| Shampoo | $1.11 | $1.28 |
| Movie | $11.28 | $12.13 |
| Bowling | $16.92 | $18 |
| Haircut | $21.19 | $24.26 |
| Beauty Salon | $40.57 | $45.56 |
Detailed Richmond Heights Groceries Costs Vs. Missouri
| Item | Richmond Heights | Missouri |
|---|---|---|
| Ground Beef | $6.4 | $5.84 |
| Fried Chicken | $1.36 | $1.57 |
| Milk | $4.5 | $4.67 |
| Potatoes | $5.28 | $4.93 |
| Pizza | $10.84 | $12.09 |
| Beer | $9.47 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Richmond Heights Health Costs Vs. Missouri
| Item | Richmond Heights | Missouri |
|---|---|---|
| Optometrist | $125.72 | $125.68 |
| Doctor | $124.51 | $135.78 |
| Dentist | $100.78 | $113.29 |
Detailed Richmond Heights Transportation Costs Vs. Missouri
| Item | Richmond Heights | Missouri |
|---|---|---|
| Gasoline | $3.2 | $3.46 |
| Tire Balancing | $50.0 | $59.92 |
Detailed Richmond Heights Utilities Costs Vs. Missouri
| Item | Richmond Heights | Missouri |
|---|---|---|
| All Electricity | $133.84 | $193.99 |
| Phone | $188.69 | $192.25 |
Richmond Heights SnackAbility
/10
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:
Chesterfield, MO has a cost of living index of 121, 1.1x Richmond Heights.
Wildwood, MO has a cost of living index of 124, 1.2x Richmond Heights.
Ballwin, MO has a cost of living index of 109, 1.0x Richmond Heights.
| City | Population | Cost Of Living | Vs. Richmond Heights |
|---|---|---|---|
| Chesterfield, MO | 49,591 | 121 | 1.1x |
| Wildwood, MO | 35,168 | 124 | 1.2x |
| Ballwin, MO | 30,835 | 109 | 1.0x |
| Kirkwood, MO | 29,302 | 117 | 1.1x |
| Collinsville, IL | 24,126 | 89 | 0.8x |
| Webster Groves, MO | 23,771 | 112 | 1.1x |
| Clayton, MO | 17,282 | 147 | 1.4x |
| Fairview Heights, IL | 16,255 | 94 | 0.9x |
| Swansea, IL | 14,603 | 93 | 0.9x |
| Town and Country, MO | 11,605 | 161 | 1.5x |
