Cost of living in Richmond Hill 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 Hill is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Georgia, 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 Hill is 102, with 100 being the average.
The cost of living index in Richmond Hill is 1.0x higher than the national average.
Richmond Hill ranks as the #119 cheapest in Georgia out of 154.
Richmond Hill ranks as the #3,380 cheapest out of 6,412 in the US.
The median home value in Richmond Hill is $223,400.
The median income in Richmond Hill is $77,878.
According to the most recent data on the cost of living, Richmond Hill has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Georgia, Richmond Hill has a cost of living index that's 1.1x higher than Georgia's index of 89.
The standard of living in Richmond Hill ranks as #119 most affordable out of the 154 places we measured in Georgia. By definition, that implies Richmond Hill ranks as the #35 most expensive place in the Peach State.
For more reading on life in Richmond Hill, check out:
Six factors go into calculating the cost of living index in Richmond Hill. Here is how it fairs on each of the criteria:
The Services index in Richmond Hill is 100.
The Groceries index in Richmond Hill is 94.
The Health index in Richmond Hill is 108.
The Housing index in Richmond Hill is 108.
The Transportation index in Richmond Hill is 99.
The Utilities index in Richmond Hill is 97.
Living Expense | Richmond Hill | Georgia | National Average | |
---|---|---|---|---|
Overall | 102 | 89 | 100 | |
Services | 100 | 95 | 100 | |
Groceries | 94 | 96 | 100 | |
Health | 108 | 98 | 100 | |
Housing | 108 | 76 | 100 | |
Transportation | 99 | 90 | 100 | |
Utilities | 97 | 86 | 100 |
Housing swings affordability the most between places in Georgia, 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 Hill is $223,400.
The Median Rent in Richmond Hill is $1,577.
The Median Income in Richmond Hill is $77,878.
The Home Value To Income in Richmond Hill is 2.9x.
The Rent To Monthly Income in Richmond Hill is 0.24x.
Statistic | Richmond Hill | Georgia | United States |
---|---|---|---|
Median Home Value | $223,400 | $206,700 | $244,900 |
Median Rent | $1,577 | $1,110 | $1,163 |
Median Income | $77,878 | $65,030 | $69,021 |
Home Value To Income | 2.9x | 3.2x | 3.5x |
Rent To Monthly Income | 0.24x | 0.2x | 0.2x |
Item | Richmond Hill | Georgia |
---|---|---|
Shampoo | $0.96 | $1.06 |
Movie | $10.88 | $10.68 |
Bowling | $20.06 | $14.67 |
Haircut | $18.04 | $18.62 |
Beauty Salon | $35.8 | $39.05 |
Item | Richmond Hill | Georgia |
---|---|---|
Ground Beef | $4.48 | $4.22 |
Fried Chicken | $1.51 | $1.39 |
Milk | $1.76 | $2.05 |
Potatoes | $3.54 | $3.29 |
Pizza | $11.51 | $10.62 |
Beer | $10.08 | $9.38 |
Toothpaste | $1.95 | $2.34 |
Item | Richmond Hill | Georgia |
---|---|---|
Optometrist | $93.79 | $108.57 |
Doctor | $109.21 | $116.17 |
Dentist | $127.37 | $99.13 |
Item | Richmond Hill | Georgia |
---|---|---|
Gasoline | $2.1 | $2.22 |
Tire Balancing | $54.96 | $50.07 |
Item | Richmond Hill | Georgia |
---|---|---|
All Electricity | $155.12 | $167.67 |
Phone | $182.23 | $175.64 |
The cost of living varies in the cities and towns around Richmond Hill. Here's a quick look at the cost of living in the most populous nearby places:
Savannah, GA has a cost of living index of 96, 0.9x Richmond Hill.
Hinesville, GA has a cost of living index of 93, 0.9x Richmond Hill.
Pooler, GA has a cost of living index of 102, 1.0x Richmond Hill.
City | Population | Cost Of Living | Vs. Richmond Hill |
---|---|---|---|
Savannah, GA | 147,930 | 96 | 0.9x |
Hinesville, GA | 34,733 | 93 | 0.9x |
Pooler, GA | 25,284 | 102 | 1.0x |
Georgetown, GA | 12,474 | 96 | 0.9x |
Port Wentworth, GA | 10,502 | 98 | 1.0x |
Skidaway Island, GA | 8,961 | 135 | 1.3x |
Whitemarsh Island, GA | 7,000 | 114 | 1.1x |