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 91, with 100 being the average.
The cost of living index in Richland Hills is 0.9x lower than the national average.
Richland Hills ranks as the #226 cheapest in Texas out of 405.
Richland Hills ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Richland Hills is $178,900.
The median income in Richland Hills is $67,266.
Table Of Contents
Richland Hills's Overall Cost Of Living
Lower 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 91, which is 0.9x lower than the national index of 100.
Compared to Texas, Richland Hills has a cost of living index that's 1.0x lower than Texas's index of 92.
The standard of living in Richland Hills ranks as #226 most affordable out of the 405 places we measured in Texas. By definition, that implies Richland Hills ranks as the #179 most expensive place in the Lone Star State.
For more reading on life in Richland Hills, check out:
- Living In Richland Hills
- Richland Hills Crime Report
- Search Homes For Sale In Richland Hills, TX
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 101.
The Groceries index in Richland Hills is 97.
The Health index in Richland Hills is 97.
The Housing index in Richland Hills is 69.
The Transportation index in Richland Hills is 88.
The Utilities index in Richland Hills is 109.
| Living Expense | Richland Hills | Texas | National Average | |
|---|---|---|---|---|
| Overall | 91 | 92 | 100 | |
| Services | 101 | 96 | 100 | |
| Groceries | 97 | 93 | 100 | |
| Health | 97 | 93 | 100 | |
| Housing | 69 | 84 | 100 | |
| Transportation | 88 | 92 | 100 | |
| Utilities | 109 | 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 2017-2021. The key points are:
The Median Home Value in Richland Hills is $178,900.
The Median Rent in Richland Hills is $1,221.
The Median Income in Richland Hills is $67,266.
The Home Value To Income in Richland Hills is 2.7x.
The Rent To Monthly Income in Richland Hills is 0.22x.
| Statistic | Richland Hills | Texas | United States |
|---|---|---|---|
| Median Home Value | $178,900 | $202,600 | $244,900 |
| Median Rent | $1,221 | $1,146 | $1,163 |
| Median Income | $67,266 | $67,321 | $69,021 |
| Home Value To Income | 2.7x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.2x |
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 | $0.99 | $1.06 |
| Movie | $10.24 | $10.68 |
| Bowling | $18.08 | $14.67 |
| Haircut | $27.56 | $18.62 |
| Beauty Salon | $53.57 | $39.05 |
Detailed Richland Hills Groceries Costs Vs. Texas
| Item | Richland Hills | Texas |
|---|---|---|
| Ground Beef | $5.2 | $4.22 |
| Fried Chicken | $1.87 | $1.39 |
| Milk | $1.92 | $2.05 |
| Potatoes | $2.67 | $3.29 |
| Pizza | $9.31 | $10.62 |
| Beer | $9.8 | $9.38 |
| Toothpaste | $2.7 | $2.34 |
Detailed Richland Hills Health Costs Vs. Texas
| Item | Richland Hills | Texas |
|---|---|---|
| Optometrist | $92.25 | $108.57 |
| Doctor | $91.05 | $116.17 |
| Dentist | $108.33 | $99.13 |
Detailed Richland Hills Transportation Costs Vs. Texas
| Item | Richland Hills | Texas |
|---|---|---|
| Gasoline | $1.83 | $2.22 |
| Tire Balancing | $47.98 | $50.07 |
Detailed Richland Hills Utilities Costs Vs. Texas
| Item | Richland Hills | Texas |
|---|---|---|
| All Electricity | $187.94 | $167.67 |
| Phone | $184.73 | $175.64 |
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 95, 1.0x Richland Hills.
Flower Mound, TX has a cost of living index of 117, 1.3x Richland Hills.
Mansfield, TX has a cost of living index of 102, 1.1x Richland Hills.
| City | Population | Cost Of Living | Vs. Richland Hills |
|---|---|---|---|
| Fort Worth, TX | 908,469 | 95 | 1.0x |
| Flower Mound, TX | 75,050 | 117 | 1.3x |
| Mansfield, TX | 71,375 | 102 | 1.1x |
| North Richland Hills, TX | 69,817 | 99 | 1.1x |
| Grapevine, TX | 50,548 | 109 | 1.2x |
| Bedford, TX | 49,576 | 97 | 1.1x |
| Keller, TX | 45,190 | 117 | 1.3x |
| Coppell, TX | 42,420 | 121 | 1.3x |
| Hurst, TX | 40,114 | 94 | 1.0x |
| Southlake, TX | 30,754 | 150 | 1.6x |
