According to the most recent data on the cost of living, Richmond has an overall cost of living index of 87 which is 0.9x lower than the national index of 100.
Compared to only Texas, Richmond has a cost of living index that's 1.0x lower than Texas's index of 91.
The standard of living in Richmond ranks as #1,128 most affordable out of the 6,522 places we measured in Texas. By definition, that implies Richmond ranks as the #5,279 most expensive place in the Lone Star State.
|Living Expense||Richmond||Texas||National Average|
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.
|City||Population||Cost Of Living||Vs. Richmond|
|Sugar Land, TX||118,709||117||1.3x|
|Mission Bend, TX||37,979||95||1.1x|
|Sienna Plantation, TX||19,486||124||1.4x|
|Pecan Grove, TX||17,380||103||1.2x|
|Cinco Ranch, TX||16,437||118||1.4x|
|New Territory, TX||15,699||114||1.3x|