Richland Hills, TX Cost Of Living
Cost Of Living In Richland Hills, TX Summary
Cost of living in Richland Hills 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 Richland Hills is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, 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 Richland Hills is 102, with 100 being the average.
The cost of living index in Richland Hills is 1.0x higher than the national average.
Richland Hills ranks as the #256 cheapest in Texas out of 414.
Richland Hills ranks as the #2,846 cheapest out of 6,489 in the US.
The median home value in Richland Hills is $276,582.
The median income in Richland Hills is $67,628.
Table Of Contents
Richland Hills's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Richland Hills, TX?
According to the most recent data on the cost of living, Richland Hills has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Texas, Richland Hills has a cost of living index that's 1.1x higher than Texas's index of 92.
The standard of living in Richland Hills ranks as #256 most affordable out of the 414 places we measured in Texas. By definition, that implies Richland Hills ranks as the #158 most expensive place in the Lone Star State.
For more reading on life in Richland Hills, check out:
In Texas
In America
Richland Hills Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Richland Hills. Here is how it fairs on each of the criteria:
The Services index in Richland Hills is 106.
The Groceries index in Richland Hills is 101.
The Health index in Richland Hills is 106.
The Housing index in Richland Hills is 95.
The Transportation index in Richland Hills is 88.
The Utilities index in Richland Hills is 111.
| Living Expense | Richland Hills | Texas | National Average | |
|---|---|---|---|---|
| Overall | 102 | 92 | 100 | |
| Services | 106 | 97 | 100 | |
| Groceries | 101 | 97 | 100 | |
| Health | 106 | 93 | 100 | |
| Housing | 95 | 82 | 100 | |
| Transportation | 88 | 94 | 100 | |
| Utilities | 111 | 104 | 100 | |
Richland Hills, 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 2019-2023. The key points are:
The Median Home Value in Richland Hills is $276,582.
The Median Rent in Richland Hills is $1,327.
The Median Income in Richland Hills is $67,628.
The Home Value To Income in Richland Hills is 4.1x.
The Rent To Monthly Income in Richland Hills is 0.24x.
| Statistic | Richland Hills | Texas | United States |
|---|---|---|---|
| Median Home Value | $276,582 | $298,905 | $303,400 |
| Median Rent | $1,327 | $1,339 | $1,348 |
| Median Income | $67,628 | $76,292 | $78,538 |
| Home Value To Income | 4.1x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Richland Hills, TX Costs By Category
Detailed Richland Hills Services Costs Vs. Texas
| Item | Richland Hills | Texas |
|---|---|---|
| Shampoo | $1.3 | $1.28 |
| Movie | $14.6 | $12.13 |
| Bowling | $24.53 | $18 |
| Haircut | $33.29 | $24.26 |
| Beauty Salon | $65.85 | $45.56 |
Detailed Richland Hills Groceries Costs Vs. Texas
| Item | Richland Hills | Texas |
|---|---|---|
| Ground Beef | $5.23 | $5.84 |
| Fried Chicken | $1.74 | $1.57 |
| Milk | $4.65 | $4.67 |
| Potatoes | $4.93 | $4.93 |
| Pizza | $11.3 | $12.09 |
| Beer | $10.93 | $10.41 |
| Toothpaste | $3.57 | $3.7 |
Detailed Richland Hills Health Costs Vs. Texas
| Item | Richland Hills | Texas |
|---|---|---|
| Optometrist | $143.73 | $125.68 |
| Doctor | $140.69 | $135.78 |
| Dentist | $130.53 | $113.29 |
Detailed Richland Hills Transportation Costs Vs. Texas
| Item | Richland Hills | Texas |
|---|---|---|
| Gasoline | $3.09 | $3.46 |
| Tire Balancing | $52.04 | $59.92 |
Detailed Richland Hills Utilities Costs Vs. Texas
| Item | Richland Hills | Texas |
|---|---|---|
| All Electricity | $219.02 | $193.99 |
| Phone | $208.71 | $192.25 |
Richland Hills SnackAbility
/10
Cost Of Living In Cities Around Richland Hills
The cost of living varies in the cities and towns around Richland Hills. Here's a quick look at the cost of living in the most populous nearby places:
Fort Worth, TX has a cost of living index of 103, 1.0x Richland Hills.
Flower Mound, TX has a cost of living index of 135, 1.3x Richland Hills.
Mansfield, TX has a cost of living index of 119, 1.2x Richland Hills.
| City | Population | Cost Of Living | Vs. Richland Hills |
|---|---|---|---|
| Fort Worth, TX | 941,311 | 103 | 1.0x |
| Flower Mound, TX | 77,886 | 135 | 1.3x |
| Mansfield, TX | 75,398 | 119 | 1.2x |
| North Richland Hills, TX | 70,338 | 110 | 1.1x |
| Grapevine, TX | 50,875 | 126 | 1.2x |
| Bedford, TX | 49,191 | 111 | 1.1x |
| Keller, TX | 45,598 | 134 | 1.3x |
| Coppell, TX | 42,029 | 135 | 1.3x |
| Hurst, TX | 39,912 | 109 | 1.1x |
| Southlake, TX | 31,044 | 163 | 1.6x |
