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Cost of Living in Richmond, TX

2025 Affordability Data & Housing Costs

97.3

Cost of Living Index (100 = US Average)

Moderate

Median Home Value

$229,800

Owner-occupied homes (2023 ACS)

Median Household Income

$68,564

Annual (2023 ACS)

Housing Costs

The median home value in Richmond is $229,800, which is close to the national average. The home price-to-income ratio is 3.4, indicating strong affordability.

Income & Purchasing Power

The median household income in Richmond is $68,564 annually.

Compare with Other Cities

View all cities in Texas

Frequently Asked Questions

What is the cost of living index in Richmond, TX?

The COL index is 97.3, which is lower than the US average of 100.

What is the median home value in Richmond?

The median home value is $229,800.

What is the median rent in Richmond?

Data not available.

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