Housing costs in Richardson?
A typical home costs
$439,900, which is 30.1% more expensive than the national average of
$338,100 and 47.8% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Richardson costs
$1,600 per month, which is 25.0% more than the national average of
$1,280 and 4.4% more than the state average of
$1,530.
Can I afford Richardson?
To live comfortably in Richardson (zip 75080), Texas, a minimum annual income of
$84,240 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Richardson?
Richardson, TX 75080 is an expensive area to live in. The cost of living index is 131.4, which is 31.4 percent higher than the national average. Housing costs are high in this area, as the median home price is $318,500 and monthly rent for a studio apartment averages $755 per month. Groceries, health care, transportation, and utilities all have higher than average costs compared to the rest of Texas. Although it may be more expensive to live in Richardson than other areas in Texas, its many amenities such as excellent schools and close proximity to Dallas make it worth the extra cost.