Cost Of Living in Richland Hills, TX

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Richland Hills	Texas	National
Cost of living	101	92	100
Goods & Services	108	96	100
Groceries	100	96	100
Health care	108	94	100
Housing	94	83	100
Transportation	89	92	100
Utilities	111	104	100

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Cost Of Living Quick Facts

The cost of living in Richland Hills is 10% higher than the Texas average
The cost of living in Richland Hills is 1% higher than the national average
Richland Hills housing is 6% lower than the national average
Texas general sales tax is 22% higher than the national average
Texas state income tax is 100% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$75,600	$6,300	$1,764	$2,268
Renters	$50,921	$4,243	$1,188	$1,528

To approximate the cost of living and the housing affordability in Richland Hills, TX, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Richland Hills have a median income of $75,600. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,764 per month to avoid calamity and poverty. The renters in the city have an income of about $50,921, which would make their monthly maximum allowable rental costs $1,188.

Texas Sales Tax

State	General Sales Tax	With Max Surtax
Texas	6.25%	8.25%

Texas Income Tax

State	Income Tax (Low)	Income Tax (High)
Texas	0%	0%

Goods & Services

Item	Richland Hills	National avg.	Difference
Haircut	$33.29	$24.26	37.2%
Beauty Salon	$65.85	$45.56	44.5%
Toothpaste	$3.57	$3.70	3.6%
Shampoo	$1.30	$1.28	1.3%
Movie	$14.60	$12.13	20.3%
Bowling	$24.53	$18.00	36.3%

Groceries

Item	Richland Hills	National avg.	Difference
Ground Beef	$5.23	$5.84	10.4%
Fried Chicken	$1.74	$1.57	10.8%
Milk	$4.65	$4.67	0.5%
Potatoes	$4.93	$4.93	0.0%
Pizza	$11.30	$12.09	6.5%
Beer	$10.93	$10.41	5.0%

Health Care

Item	Richland Hills	National avg.	Difference
Optometrist	$143.73	$125.68	14.4%
Doctor	$140.69	$135.78	3.6%
Dentist	$130.53	$113.29	15.2%
Ibuprofen	$10.62	$10.65	0.3%
Lipitor	$499.87	$468.60	6.7%

Housing

Item	Richland Hills	National avg.	Difference
Home Price	$157,600.00	$184,700.00	14.7%
Avg. Mortgage Payment	$2,258.00	$2,346.69	3.8%
Apartment Rent	$1,092.00	$949.00	15.1%

Transportation

Item	Richland Hills	National avg.	Difference
Gasoline	$3.09	$3.46	10.7%
Tire Balancing	$52.04	$59.92	13.2%

Utilities

Item	Richland Hills	National avg.	Difference
All Electricity	$219.02	$193.99	12.9%
Phone	$208.71	$192.25	8.6%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Sansom Park, TX	5,593	93	7.3%
Everman, TX	6,232	94	6.0%
Forest Hill, TX	12,964	96	3.6%
Blue Mound, TX	2,317	97	3.3%
River Oaks, TX	7,653	97	3.1%
Richland Hills, TX	7,999	101	1.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Alondra Park, CA	8,000	162	61.6%
Laughlin, NV	7,997	89	11.1%
Bluewater, ON	7,997	n/a
Tiverton, RI	7,996	116	16.1%
Rolesville, NC	8,002	115	14.5%
Richland Hills, TX	7,999	101	1.3%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Richland Hills, TX