Richmond Heights, OH Cost Of Living
Cost Of Living In Richmond Heights, OH 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 Ohio, 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 92, with 100 being the average.
The cost of living index in Richmond Heights is 0.9x lower than the national average.
Richmond Heights ranks as the #123 cheapest in Ohio out of 289.
Richmond Heights ranks as the #1,501 cheapest out of 6,489 in the US.
The median home value in Richmond Heights is $236,531.
The median income in Richmond Heights is $56,734.
Table Of Contents
Richmond Heights's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Richmond Heights, OH?
According to the most recent data on the cost of living, Richmond Heights has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Ohio, Richmond Heights has a cost of living index that's 1.0x lower than Ohio's index of 93.
The standard of living in Richmond Heights ranks as #123 most affordable out of the 289 places we measured in Ohio. By definition, that implies Richmond Heights ranks as the #166 most expensive place in the Buckeye State.
For more reading on life in Richmond Heights, check out:
In Ohio
In America
Richmond Heights Cost Of Living Vs. Ohio
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 90.
The Groceries index in Richmond Heights is 102.
The Health index in Richmond Heights is 95.
The Housing index in Richmond Heights is 79.
The Transportation index in Richmond Heights is 98.
The Utilities index in Richmond Heights is 104.
| Living Expense | Richmond Heights | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 92 | 93 | 100 | |
| Services | 90 | 101 | 100 | |
| Groceries | 102 | 103 | 100 | |
| Health | 95 | 97 | 100 | |
| Housing | 79 | 74 | 100 | |
| Transportation | 98 | 102 | 100 | |
| Utilities | 104 | 100 | 100 | |
Richmond Heights, OH Housing Cost Breakdown
Housing swings affordability the most between places in Ohio, 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 $236,531.
The Median Rent in Richmond Heights is $933.
The Median Income in Richmond Heights is $56,734.
The Home Value To Income in Richmond Heights is 4.2x.
The Rent To Monthly Income in Richmond Heights is 0.2x.
| Statistic | Richmond Heights | Ohio | United States |
|---|---|---|---|
| Median Home Value | $236,531 | $240,287 | $303,400 |
| Median Rent | $933 | $988 | $1,348 |
| Median Income | $56,734 | $69,680 | $78,538 |
| Home Value To Income | 4.2x | 3.4x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Richmond Heights, OH Costs By Category
Detailed Richmond Heights Services Costs Vs. Ohio
| Item | Richmond Heights | Ohio |
|---|---|---|
| Shampoo | $1.45 | $1.28 |
| Movie | $11.6 | $12.13 |
| Bowling | $18.27 | $18 |
| Haircut | $23.67 | $24.26 |
| Beauty Salon | $35.31 | $45.56 |
Detailed Richmond Heights Groceries Costs Vs. Ohio
| Item | Richmond Heights | Ohio |
|---|---|---|
| Ground Beef | $5.46 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.57 | $4.67 |
| Potatoes | $5.38 | $4.93 |
| Pizza | $9.98 | $12.09 |
| Beer | $10.51 | $10.41 |
| Toothpaste | $3.68 | $3.7 |
Detailed Richmond Heights Health Costs Vs. Ohio
| Item | Richmond Heights | Ohio |
|---|---|---|
| Optometrist | $103.58 | $125.68 |
| Doctor | $119.67 | $135.78 |
| Dentist | $109.73 | $113.29 |
Detailed Richmond Heights Transportation Costs Vs. Ohio
| Item | Richmond Heights | Ohio |
|---|---|---|
| Gasoline | $3.41 | $3.46 |
| Tire Balancing | $57.76 | $59.92 |
Detailed Richmond Heights Utilities Costs Vs. Ohio
| Item | Richmond Heights | Ohio |
|---|---|---|
| All Electricity | $205.88 | $193.99 |
| Phone | $186.78 | $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:
Euclid, OH has a cost of living index of 83, 0.9x Richmond Heights.
Cleveland Heights, OH has a cost of living index of 92, 1.0x Richmond Heights.
Shaker Heights, OH has a cost of living index of 106, 1.2x Richmond Heights.
| City | Population | Cost Of Living | Vs. Richmond Heights |
|---|---|---|---|
| Euclid, OH | 48,991 | 83 | 0.9x |
| Cleveland Heights, OH | 44,694 | 92 | 1.0x |
| Shaker Heights, OH | 29,004 | 106 | 1.2x |
| Solon, OH | 23,970 | 113 | 1.2x |
| South Euclid, OH | 21,606 | 91 | 1.0x |
| Rocky River, OH | 21,490 | 106 | 1.2x |
| Mayfield Heights, OH | 20,082 | 92 | 1.0x |
| Broadview Heights, OH | 19,768 | 104 | 1.1x |
| Twinsburg, OH | 19,346 | 104 | 1.1x |
| Lyndhurst, OH | 13,854 | 95 | 1.0x |
