Cost of Living in Richmond Heights, FL
Population 9,489 · Florida · Data vintage 2023
(100 = US avg)
Richmond Heights sits on the smaller end of the Florida city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Richmond Heights sits roughly 14 miles southwest of Miami — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 28% lower than Miami's $475,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Richmond Heights
The median home value in Richmond Heights is $344,200 — 13% above the national median of $305,000. Median rent runs $1,630/month, 24% higher than the national median of $1,314/month. The median household income of $63,750/year is 15% lower than the US median of $74,580. The local unemployment rate is 4.0%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Richmond Heights has a cost of living index of 117 versus the US average of 100, meaning it is 17% more expensive.
Richmond Heights has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Richmond Heights, FL?
Richmond Heights has a cost index of 117 (100 = national average). It is 17% above the national average.
What is average rent in Richmond Heights, FL?
The median gross rent in Richmond Heights is $1,630 per month based on 2023 Census data.
What is the average home price in Richmond Heights?
The median home value in Richmond Heights is $344,200 according to 2023 Census ACS data.
What is the median income in Richmond Heights?
The median household income in Richmond Heights is $63,750 per year (2023 ACS 5-year estimates).
What is the sales tax in Richmond Heights, FL?
The combined state and local sales tax rate in Richmond Heights is 7.0%. Florida has no state income tax.
Is Richmond Heights, FL affordable?
Richmond Heights is above average in cost of living, with an index of 117 — about 17% higher than the national average.
Richmond Heights at a Glance
- Population
- 9,489
- Median Income
- $63,750
- Home Value
- $344,200
- Median Rent
- $1,630/mo
- Unemployment
- 4.0%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
Similar Cost Cities
Cities in other states with comparable housing costs