Richmond Heights, OH Cost Of Living

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

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 94, 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 #188 cheapest in Ohio out of 286.

  • Richmond Heights ranks as the #2,290 cheapest out of 6,412 in the US.

  • The median home value in Richmond Heights is $145,000.

  • The median income in Richmond Heights is $51,290.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
94
Richmond Heights's Overall Cost Of Living
0.9x
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 94, 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 higher than Ohio's index of 91.

The standard of living in Richmond Heights ranks as #188 most affordable out of the 286 places we measured in Ohio. By definition, that implies Richmond Heights ranks as the #98 most expensive place in the Buckeye State.

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

188 out of 286
In Ohio
2,290 out of 6,412
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 101.

  • The Groceries index in Richmond Heights is 103.

  • The Health index in Richmond Heights is 109.

  • The Housing index in Richmond Heights is 78.

  • The Transportation index in Richmond Heights is 98.

  • The Utilities index in Richmond Heights is 95.

Living Expense Richmond Heights Ohio National Average
Overall 94 91 100
Services 101 98 100
Groceries 103 101 100
Health 109 95 100
Housing 78 73 100
Transportation 98 98 100
Utilities 95 93 100
For more reading on cost of living around Ohio, check out:
Richmond Heights Cost of Living Vs. OH

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 2017-2021. The key points are:

  • The Median Home Value in Richmond Heights is $145,000.

  • The Median Rent in Richmond Heights is $833.

  • The Median Income in Richmond Heights is $51,290.

  • The Home Value To Income in Richmond Heights is 2.8x.

  • The Rent To Monthly Income in Richmond Heights is 0.19x.

Statistic Richmond Heights Ohio United States
Median Home Value $145,000 $159,900 $244,900
Median Rent $833 $870 $1,163
Median Income $51,290 $61,938 $69,021
Home Value To Income 2.8x 2.6x 3.5x
Rent To Monthly Income 0.19x 0.17x 0.2x
Search Homes For Sale In Richmond Heights, OH
$145,000
Median Home Value
$833
Median Rent
$51,290
Median Income

Richmond Heights, OH Costs By Category

Detailed Richmond Heights Services Costs Vs. Ohio

Item Richmond Heights Ohio
Shampoo $1.08 $1.06
Movie $11.87 $10.68
Bowling $16.87 $14.67
Haircut $18.34 $18.62
Beauty Salon $31.4 $39.05

Detailed Richmond Heights Groceries Costs Vs. Ohio

Item Richmond Heights Ohio
Ground Beef $5.31 $4.22
Fried Chicken $1.83 $1.39
Milk $1.55 $2.05
Potatoes $3.19 $3.29
Pizza $11.49 $10.62
Beer $9.17 $9.38
Toothpaste $2.65 $2.34

Detailed Richmond Heights Health Costs Vs. Ohio

Item Richmond Heights Ohio
Optometrist $86.0 $108.57
Doctor $121.47 $116.17
Dentist $119.67 $99.13

Detailed Richmond Heights Transportation Costs Vs. Ohio

Item Richmond Heights Ohio
Gasoline $2.25 $2.22
Tire Balancing $47.56 $50.07

Detailed Richmond Heights Utilities Costs Vs. Ohio

Item Richmond Heights Ohio
All Electricity $154.37 $167.67
Phone $180.6 $175.64

Richmond Heights SnackAbility

6
/10
Overall SnackAbility
Jobs
5/10
Housing
6
Affordability
7
Diversity
9
Safety
N/A
Amenities
8.5
Education
8.5
Commute
7

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 86, 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 103, 1.1x Richmond Heights.

City Population Cost Of Living Vs. Richmond Heights
Euclid, OH 49,382 86 0.9x
Cleveland Heights, OH 45,267 92 1.0x
Shaker Heights, OH 29,197 103 1.1x
Solon, OH 24,070 114 1.2x
South Euclid, OH 21,882 92 1.0x
Rocky River, OH 21,515 102 1.1x
Mayfield Heights, OH 20,113 95 1.0x
Broadview Heights, OH 19,820 104 1.1x
Twinsburg, OH 19,220 103 1.1x
East Cleveland, OH 14,212 84 0.9x

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