Housing costs in Richmond?
A typical home costs
$615,900, which is 82.2% more expensive than the national average of
$338,100 and 16.0% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Richmond costs
$2,110 per month, which is 47.6% more than the national average of
$1,430 and close to the state average of
$2,150.
Can I afford Richmond?
To live comfortably in Richmond, California, a minimum annual income of
$118,080 for a family, and
$69,200 for a single person is recommended.
What does A.I. say about Richmond?
Richmond is a great option for those looking for affordable living in the Bay Area with median housing values coming in just under $400K and monthly rent typically ranging from $1,000 - 1,200 depending upon desired amenities. Groceries also remain slightly below US averages due largely to local taxes & regulations while sales tax provisionally stands at 9%. Utility bills on the other hand tend to be lower than its neighboring cities thanks largely to its location near multiple mountain ranges & rivers.