Cost of Living in Richmond, TX
Overall index: 82 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 66 | -34% | $874 |
| Transportation | 104 | +4% | $3.50 |
| Food | 92 | -8% | $377 |
| Utilities | 83 | -17% | $119 |
| Healthcare | 83 | -17% | $86 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Richmond?
A single adult living comfortably in Richmond, TX needs approximately $28,700 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Richmond, TX?
The overall cost of living in Richmond, TX is 18% lower than the US national average (index: 82 where 100 = national average).
How much is rent in Richmond, TX?
Average rent for a 1-bedroom apartment in Richmond, TX is about $874/month.
Is Richmond, TX expensive to live in?
No, Richmond, TX is affordable (below national average).
What salary do I need to live in Richmond, TX?
A single adult needs roughly $28,700/year to cover basic living costs in Richmond, TX.