Housing costs in Richmond?
A typical home costs
$365,900, which is 8.2% more expensive than the national average of
$338,100 and 23.0% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Richmond costs
$1,390 per month, which is 2.8% cheaper than the national average of
$1,430 and 7.9% more than the state average of
$1,280.
Can I afford Richmond?
To live comfortably in Richmond, Texas, a minimum annual income of
$70,200 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Richmond?
Richmond, TX has an affordable cost of living compared to other cities in the area. The overall cost of living index is nearly 10% below the national average. There are plenty of options for housing in Richmond with median home prices at $186,500 and median rent around $1,100 per month. Additionally, the median household income is approximately $64,000 annually. With low housing costs and a reasonable cost of living overall, Richmond provides an attractive option for those looking to move to the area.