Richmond West, FL is a vibrant city located in Miami-Dade County. It offers residents a high quality of life, with plenty of shopping and dining options. The local economy is supported by businesses such as a variety of restaurants, banks, grocery stores, pharmacies and more. Residents benefit from affordable housing costs that are slightly higher than the national average; 2 bedroom rent in Richmond West is $2,130 per month compared to the US average of $1,430 per month. Additionally, everyday essentials such as groceries are slightly more expensive with the Grocery Cost Index in Richmond West being 108 versus 100 nationally. All in all, Richmond West has something for everyone and continues to be an attractive place to live!
Richmond West has an unemployment rate of 8.2%. The US average is 6.0%.
Richmond West has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Richmond West
- The Sales Tax Rate for Richmond West is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Richmond West is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Richmond West
- The average income of a Richmond West resident is $22,349 a year. The US average is $28,555 a year.
- The Median household income of a Richmond West resident is $79,155 a year. The US average is $69,021 a year.