Richmond Heights, FL Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Richmond Heights, FL is a city located in Miami-Dade County. It has many local companies, such as Richmond Heights True Value Hardware, Richmond Heights Primary Care, and The Law Office of Robert J. Kulas. The cost of rent for a two bedroom apartment in Richmond Heights is $2,080 which is significantly higher than the US average of $1,430 per month. Additionally, the Grocery Cost Index in Richmond Heights is 108 versus 100 in the US which highlights that living costs are higher in this city than other areas.

Richmond Heights has an unemployment rate of 8.2%. The US average is 6.0%.

Richmond Heights 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 Heights
- The Sales Tax Rate for Richmond Heights is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Richmond Heights 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 Heights
- The average income of a Richmond Heights resident is $25,286 a year. The US average is $37,638 a year.
- The Median household income of a Richmond Heights resident is $54,336 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRichmond Heights, FloridaUnited States
  8.26
  -11.1%-6.2%
  38.0%33.5%
  7.0%6.2%
  0.0%4.6%
  $25,286$37,638
  $54,336$69,021
  $55,866$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  8.8%6.8%
  1.5%10.0%
  2.0%2.5%
  15.6%11.0%
  11.4%4.8%
  0.5%0.8%
  0.8%1.9%
  4.1%4.7%
  0.0%1.9%
  1.6%7.6%
  0.5%0.1%
  8.5%4.2%
  11.1%9.3%
  16.5%14.0%
  1.4%2.1%
  6.8%7.0%
  2.6%4.8%
  5.8%4.7%
Health
Compare Richmond Heights, FL
cost of living
Compare food, housing, utilities, and more in Richmond Heights, Florida to any other city in the US.