Richardson, TX Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
107
Richardson's Overall Cost Of Living
1.1x
Higher Than The National Average
359 out of 403
In Texas
3,873 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Richardson is expensive, while a number below 100 means it's a relatively cheap place to live.

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 107 which is 1.1x higher than the national index of 100.

Compared to only Texas, Richardson has a cost of living index that's 1.2x higher than Texas's index of 91.

The standard of living in Richardson ranks as #3,874 most affordable out of the 6,522 places we measured in Texas. By definition, that implies Richardson ranks as the #2,532 most expensive place in the Lone Star State.

For more reading on life in Richardson, check out:

Richardson Cost Of Living Vs. Texas

Living Expense Richardson Texas National Average
Overall 107 91 100
Services 110 95 100
Groceries 97 90 100
Health 78 97 100
Housing 117 83 100
Transportation 97 94 100
Utilities 109 102 100
For more reading on cost of living around Texas, check out:
Richardson Cost of Living Vs. TX

Richardson, TX Housing Cost Breakdown

Housing swings affordability the most between places in Texas, 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.

$274,200
Median Home Value
$1,403
Median Rent
$85,678
Median Income
Statistic Richardson Texas United States
Median Home Value $274,200 $172,500 $217,500
Median Rent $1,403 $1,045 $1,062
Median Income $85,678 $61,874 $62,843
Home Value To Income 3.2x 2.8x 3.5x
Rent To Monthly Income 0.2x 0.2x 0.2x

Detailed Richardson Services Costs Vs. Texas

Item Richardson Texas
Shampoo $1.12 $1.01
Movie $11.5 $10.72
Bowling $21.67 $13.86

Detailed Richardson Groceries Costs Vs. Texas

Item Richardson Texas
Ground Beef $4.36 $3.9
Fried Chicken $1.59 $1.4
Milk $1.79 $1.96

Detailed Richardson Health Costs Vs. Texas

Item Richardson Texas
Haircut $19.0 $17.49
Beauty Salon $55.3 $38.17
Toothpaste $2.0 $2.32

Detailed Richardson Transportation Costs Vs. Texas

Item Richardson Texas
Potatoes $3.14 $3.18
Pizza $10.84 $10.39
Beer $9.86 $9.23
Optometrist $125.0 $106.34
Doctor $64.0 $115.25
Dentist $87.0 $98.38

Detailed Richardson Utilities Costs Vs. Texas

Item Richardson Texas
Gasoline $2.47 $2.59
Tire Balancing $49.7 $48.9
All Electricity $192.55 $167.6
Phone $182.64 $163.42

Richardson SnackAbility

8.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
7
Diversity
9.5
Safety
7
Amenities
9.5
Education
8.5
Commute
7

Cost Of Living In Cities Around Richardson

City Population Cost Of Living Vs. Richardson
Plano, TX 287,064 112 1.0x
Garland, TX 238,418 96 0.9x
McKinney, TX 182,055 102 1.0x
Frisco, TX 177,020 111 1.0x
Carrollton, TX 135,834 103 1.0x
Lewisville, TX 106,386 101 0.9x
Allen, TX 101,699 104 1.0x
Rowlett, TX 63,793 105 1.0x
The Colony, TX 43,005 102 1.0x
Coppell, TX 41,645 122 1.1x

Articles About Texas

Enjoy The Snack?