Housing costs in Richmond?
A typical home costs
$588,600, which is 74.1% more expensive than the national average of
$338,100 and 19.8% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Richmond costs
$2,050 per month, which is 4.7% cheaper than the national average of
$2,150 and 32.7% cheaper than the state average of
$2,720.
Can I afford Richmond?
To live comfortably in Richmond (zip 94804), California, a minimum annual income of
$112,680 for a family, and
$67,200 for a single person is recommended.
What does A.I. say about Richmond?
Richmond, CA has a median house value of $588,600 according to the most recent data available, which is significantly higher than the US average of $338,100. This is reflective of the cost of living in Richmond, which is 160.2 compared to the US average of 100. This means that living costs in Richmond are 60.2% higher than the national average, making it one of the more expensive places to live in California. This explains why the median house value is so much higher than the rest of America, as people must pay more for their housing in order to make up for other high living expenses.