Housing costs in Richmond?
A typical home costs
$369,000, which is 9.1% more expensive than the national average of
$338,100 and 24.0% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Richmond costs
$1,800 per month, which is 40.6% more than the national average of
$1,280 and 27.8% more than the state average of
$1,300.
Can I afford Richmond?
To live comfortably in Richmond (zip 77407), Texas, a minimum annual income of
$70,560 for a family, and
$60,400 for a single person is recommended.
What does A.I. say about Richmond?
The cost of living in Richmond, TX (77407) is slightly higher than the national average. According to current figures, the overall cost of living index in this area is at 104 compared to a national average of 100. Housing costs are particularly high, with median home values being around $217,000 and rents averaging around $1,200 per month. Groceries and utilities also tend to be higher than average due to the suburban nature of the area. Other expenses like transportation and health care are often comparable to the national averages.