What is the cost of living in Richardson, TX?
According to the most recent data on the cost of living, Richardson has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.
Compared to Texas, Richardson has a cost of living index that's 1.2x higher than Texas's index of 93.
The standard of living in Richardson ranks as #357 most affordable out of the 419 places we measured in Texas. By definition, that implies Richardson ranks as the #62 most expensive place in the Lone Star State.
For more reading on life in Richardson, check out:
Richardson Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Richardson. Here is how it fares on each of the criteria:
The Services index in Richardson is 100.
The Groceries index in Richardson is 98.
The Health index in Richardson is 157.
The Housing index in Richardson is 99.
The Transportation index in Richardson is 105.
The Utilities index in Richardson is 92.
| Living Expense | Richardson | Texas | National Average |
|---|---|---|---|
| Overall | 116 | 93 | 100 |
| Services | 100 | 100 | 100 |
| Groceries | 98 | 99 | 100 |
| Health | 157 | 81 | 100 |
| Housing | 99 | 97 | 100 |
| Transportation | 105 | 103 | 100 |
| Utilities | 92 | 100 | 100 |
Richardson Cost Of Living Compared To Texas Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Texas, check out:
Protect your home budget Compare home warranties in Richardson Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Richardson, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Richardson is $440,400.
The Median Rent in Richardson is $1,857.
The Median Income in Richardson is $98,111.
The Home Value To Income in Richardson is 4.5x.
The Rent To Monthly Income in Richardson is 0.23x.
| Statistic | Richardson | Texas | United States |
|---|---|---|---|
| Median Home Value | $440,400 | $300,957 | $332,700 |
| Median Rent | $1,857 | $1,403 | $1,413 |
| Median Income | $98,111 | $78,476 | $80,734 |
| Home Value To Income | 4.5x | 3.8x | 4.1x |
| Rent To Monthly Income | 0.23x | 0.21x | 0.21x |
Richardson, TX Costs By Category
Detailed Richardson Services costs vs. Texas
| Item | Richardson | Texas |
|---|---|---|
| Shampoo | $1.22 | $1.28 |
| Movie | $11.85 | $12.13 |
| Bowling | $16.96 | $18 |
| Haircut | $23.57 | $24.26 |
| Beauty Salon | $35.11 | $45.56 |
Detailed Richardson Groceries costs vs. Texas
| Item | Richardson | Texas |
|---|---|---|
| Ground Beef | $5.44 | $5.84 |
| Fried Chicken | $1.32 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.15 | $4.93 |
| Pizza | $11.96 | $12.09 |
| Beer | $10.27 | $10.41 |
| Toothpaste | $3.51 | $3.7 |
Detailed Richardson Health costs vs. Texas
| Item | Richardson | Texas |
|---|---|---|
| Optometrist | $96.63 | $125.68 |
| Doctor | $131.0 | $135.78 |
| Dentist | $86.73 | $113.29 |
Detailed Richardson Transportation costs vs. Texas
| Item | Richardson | Texas |
|---|---|---|
| Gasoline | $3.47 | $3.46 |
| Tire Balancing | $66.47 | $59.92 |
Detailed Richardson Utilities costs vs. Texas
| Item | Richardson | Texas |
|---|---|---|
| All Electricity | $145.64 | $193.99 |
| Phone | $208.71 | $192.25 |
Richardson SnackAbility
Cost Of Living In Cities Around Richardson
The cost of living varies in the cities and towns around Richardson. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 120, 1.0x Richardson.
Garland, TX has a cost of living index of 100, 0.9x Richardson.
Frisco, TX has a cost of living index of 133, 1.1x Richardson.
| City | Population | Cost Of Living | Vs. Richardson |
|---|---|---|---|
| Plano, TX | 290,594 | 120 | 1.0x |
| Garland, TX | 246,844 | 100 | 0.9x |
| Frisco, TX | 219,304 | 133 | 1.1x |
| McKinney, TX | 210,600 | 122 | 1.1x |
| Carrollton, TX | 133,740 | 113 | 1.0x |
| Lewisville, TX | 131,080 | 108 | 0.9x |
| Allen, TX | 110,265 | 120 | 1.0x |
| Rowlett, TX | 65,463 | 111 | 1.0x |
| The Colony, TX | 45,454 | 111 | 1.0x |
| Coppell, TX | 42,154 | 132 | 1.1x |
