Richmond Heights, OH is a suburb of Cleveland with a population of around 11,000 people. The city provides a variety of services to its residents in terms of restaurants, entertainment, and shopping. Companies such as Target, Walmart, and the local grocery store are popular among locals when it comes to running day-to-day errands. Cost of living in Richmond Heights is considerably lower than the US average making it attractive for families looking for affordable housing options; 2 bedroom rent in Richmond Heights is only $990 compared to the US average of $1430. Furthermore, grocery cost index in Richmond Heights is 100 versus 100 in the US making it cheaper for residents to purchase food items. With several parks and recreational spaces available, there’s no shortage of outdoor activities for individuals and families alike.
Richmond Heights has an unemployment rate of 5.5%. The US average is 6.0%.
Richmond Heights has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Richmond Heights
- The Sales Tax Rate for Richmond Heights is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Richmond Heights is 5.5%. 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 $28,981 a year. The US average is $28,555 a year.
- The Median household income of a Richmond Heights resident is $51,290 a year. The US average is $69,021 a year.