Cost of Living in Richmond West, FL
Population 35,988 · Florida · Data vintage 2023
(100 = US avg)
A 44-minute average commute puts Richmond West squarely in exurban territory — the kind of place where many households optimize for housing cost over proximity to work. Home values of $449,000 reflect that spatial discount.
Located 20 miles southwest of Miami, Richmond West falls within that metro's commuting orbit. Housing prices track closely with Miami's $475,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Richmond West
The median home value in Richmond West is $448,900 — 47% above the national median of $305,000. Median rent runs $2,374/month, 81% higher than the national median of $1,314/month. The median household income of $96,282/year is 29% higher than the US median of $74,580. The local unemployment rate is 3.5%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 85.2°F and lows of 67.1°F. Overall, Richmond West has a cost of living index of 161 versus the US average of 100, meaning it is 61% more expensive.
🏠 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 77 | 80 | 82 | 85 | 88 | 90 | 91 | 92 | 90 | 87 | 82 | 79 |
| Low °F | 57 | 59 | 61 | 65 | 70 | 74 | 75 | 75 | 75 | 71 | 64 | 60 |
| Precip" | 1.74 | 1.96 | 2.03 | 2.86 | 5.16 | 8.82 | 7.19 | 8.28 | 8.42 | 5.25 | 2.09 | 2.28 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Richmond West, FL?
Richmond West has a cost index of 161 (100 = national average). It is 61% above the national average.
What is average rent in Richmond West, FL?
The median gross rent in Richmond West is $2,374 per month based on 2023 Census data.
What is the average home price in Richmond West?
The median home value in Richmond West is $448,900 according to 2023 Census ACS data.
What is the median income in Richmond West?
The median household income in Richmond West is $96,282 per year (2023 ACS 5-year estimates).
What is the sales tax in Richmond West, FL?
The combined state and local sales tax rate in Richmond West is 7.0%. Florida has no state income tax.
Is Richmond West, FL affordable?
Richmond West is above average in cost of living, with an index of 161 — about 61% higher than the national average.
What is the weather like in Richmond West?
Richmond West has average high temperatures of 85.2°F and average lows of 67.1°F. Annual precipitation is 56.1". Data from NOAA 1991–2020 Climate Normals.
Richmond West at a Glance
- Population
- 35,988
- Median Income
- $96,282
- Home Value
- $448,900
- Median Rent
- $2,374/mo
- Unemployment
- 3.5%
- Avg High Temp
- 85.2°F
- Sales Tax
- 7.0%
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