Richmond, TX Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
87
Richmond's Overall Cost Of Living
0.9x
Lower Than The National Average
167 out of 403
In Texas
1,128 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 Richmond is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Richmond, TX?

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.

For more reading on life in Richmond, check out:

Richmond Cost Of Living Vs. Texas

Living Expense Richmond Texas National Average
Overall 87 91 100
Services 102 95 100
Groceries 89 90 100
Health 92 97 100
Housing 60 83 100
Transportation 97 94 100
Utilities 107 102 100
For more reading on cost of living around Texas, check out:
Richmond Cost of Living Vs. TX

Richmond, 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.

$157,600
Median Home Value
$840
Median Rent
$43,071
Median Income
Statistic Richmond Texas United States
Median Home Value $157,600 $172,500 $217,500
Median Rent $840 $1,045 $1,062
Median Income $43,071 $61,874 $62,843
Home Value To Income 3.7x 2.8x 3.5x
Rent To Monthly Income 0.23x 0.2x 0.2x

Detailed Richmond Services Costs Vs. Texas

Item Richmond Texas
Shampoo $0.87 $1.01
Movie $10.26 $10.72
Bowling $19.8 $13.86

Detailed Richmond Groceries Costs Vs. Texas

Item Richmond Texas
Ground Beef $3.61 $3.9
Fried Chicken $1.22 $1.4
Milk $1.29 $1.96

Detailed Richmond Health Costs Vs. Texas

Item Richmond Texas
Haircut $18.3 $17.49
Beauty Salon $62.0 $38.17
Toothpaste $1.99 $2.32

Detailed Richmond Transportation Costs Vs. Texas

Item Richmond Texas
Potatoes $2.63 $3.18
Pizza $8.54 $10.39
Beer $9.68 $9.23
Optometrist $122.22 $106.34
Doctor $85.83 $115.25
Dentist $95.7 $98.38

Detailed Richmond Utilities Costs Vs. Texas

Item Richmond Texas
Gasoline $2.34 $2.59
Tire Balancing $55.17 $48.9
All Electricity $189.83 $167.6
Phone $181.14 $163.42

Richmond SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
7
Affordability
5
Diversity
9.5
Safety
6
Amenities
9
Education
4
Commute
7

Cost Of Living In Cities Around Richmond

City Population Cost Of Living Vs. Richmond
Sugar Land, TX 118,709 117 1.3x
Mission Bend, TX 37,979 95 1.1x
Rosenberg, TX 37,059 92 1.1x
Fresno, TX 25,072 97 1.1x
Sienna Plantation, TX 19,486 124 1.4x
Bellaire, TX 18,815 172 2.0x
Pecan Grove, TX 17,380 103 1.2x
Cinco Ranch, TX 16,437 118 1.4x
New Territory, TX 15,699 114 1.3x
Greatwood, TX 12,437 122 1.4x

Articles About Texas

Enjoy The Snack?