Richmond Heights, FL Cost Of Living
Cost Of Living In Richmond Heights, FL Summary
Cost of living in Richmond Heights research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Richmond Heights is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Richmond Heights is 106, with 100 being the average.
The cost of living index in Richmond Heights is 1.1x higher than the national average.
Richmond Heights ranks as the #326 cheapest in Florida out of 459.
Richmond Heights ranks as the #3,772 cheapest out of 6,412 in the US.
The median home value in Richmond Heights is $255,700.
The median income in Richmond Heights is $54,336.
Table Of Contents
Richmond Heights's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Richmond Heights, FL?
According to the most recent data on the cost of living, Richmond Heights has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Florida, Richmond Heights has a cost of living index that's 1.0x higher than Florida's index of 101.
The standard of living in Richmond Heights ranks as #326 most affordable out of the 459 places we measured in Florida. By definition, that implies Richmond Heights ranks as the #133 most expensive place in the Sunshine State.
For more reading on life in Richmond Heights, check out:
- Living In Richmond Heights
- Search Homes For Sale In Richmond Heights, FL
In Florida
In America
Richmond Heights Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Richmond Heights. Here is how it fairs on each of the criteria:
The Services index in Richmond Heights is 103.
The Groceries index in Richmond Heights is 117.
The Health index in Richmond Heights is 104.
The Housing index in Richmond Heights is 105.
The Transportation index in Richmond Heights is 109.
The Utilities index in Richmond Heights is 100.
| Living Expense | Richmond Heights | Florida | National Average | |
|---|---|---|---|---|
| Overall | 106 | 101 | 100 | |
| Services | 103 | 98 | 100 | |
| Groceries | 117 | 101 | 100 | |
| Health | 104 | 96 | 100 | |
| Housing | 105 | 108 | 100 | |
| Transportation | 109 | 98 | 100 | |
| Utilities | 100 | 100 | 100 | |
Richmond Heights, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Richmond Heights is $255,700.
The Median Rent in Richmond Heights is $1,395.
The Median Income in Richmond Heights is $54,336.
The Home Value To Income in Richmond Heights is 4.7x.
The Rent To Monthly Income in Richmond Heights is 0.31x.
| Statistic | Richmond Heights | Florida | United States |
|---|---|---|---|
| Median Home Value | $255,700 | $248,700 | $244,900 |
| Median Rent | $1,395 | $1,301 | $1,163 |
| Median Income | $54,336 | $61,777 | $69,021 |
| Home Value To Income | 4.7x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.31x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Richmond Heights, FL Costs By Category
Detailed Richmond Heights Services Costs Vs. Florida
| Item | Richmond Heights | Florida |
|---|---|---|
| Shampoo | $1.11 | $1.06 |
| Movie | $13.23 | $10.68 |
| Bowling | $22.13 | $14.67 |
| Haircut | $14.37 | $18.62 |
| Beauty Salon | $70.0 | $39.05 |
Detailed Richmond Heights Groceries Costs Vs. Florida
| Item | Richmond Heights | Florida |
|---|---|---|
| Ground Beef | $4.27 | $4.22 |
| Fried Chicken | $1.73 | $1.39 |
| Milk | $3.16 | $2.05 |
| Potatoes | $3.86 | $3.29 |
| Pizza | $9.1 | $10.62 |
| Beer | $10.98 | $9.38 |
| Toothpaste | $1.87 | $2.34 |
Detailed Richmond Heights Health Costs Vs. Florida
| Item | Richmond Heights | Florida |
|---|---|---|
| Optometrist | $105.63 | $108.57 |
| Doctor | $111.06 | $116.17 |
| Dentist | $107.78 | $99.13 |
Detailed Richmond Heights Transportation Costs Vs. Florida
| Item | Richmond Heights | Florida |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $60.69 | $50.07 |
Detailed Richmond Heights Utilities Costs Vs. Florida
| Item | Richmond Heights | Florida |
|---|---|---|
| All Electricity | $162.18 | $167.67 |
| Phone | $188.17 | $175.64 |
Richmond Heights SnackAbility
/10
Cost Of Living In Cities Around Richmond Heights
The cost of living varies in the cities and towns around Richmond Heights. Here's a quick look at the cost of living in the most populous nearby places:
Kendall, FL has a cost of living index of 123, 1.2x Richmond Heights.
Tamiami, FL has a cost of living index of 116, 1.1x Richmond Heights.
Kendale Lakes, FL has a cost of living index of 108, 1.0x Richmond Heights.
| City | Population | Cost Of Living | Vs. Richmond Heights |
|---|---|---|---|
| Kendall, FL | 78,007 | 123 | 1.2x |
| Tamiami, FL | 54,525 | 116 | 1.1x |
| Kendale Lakes, FL | 53,392 | 108 | 1.0x |
| Coral Gables, FL | 49,269 | 164 | 1.5x |
| Cutler Bay, FL | 44,865 | 113 | 1.1x |
| Richmond West, FL | 37,626 | 117 | 1.1x |
| South Miami Heights, FL | 36,239 | 102 | 1.0x |
| Miami Lakes, FL | 30,582 | 125 | 1.2x |
| Coral Terrace, FL | 25,869 | 117 | 1.1x |
| Palmetto Bay, FL | 24,327 | 141 | 1.3x |
