Cost of Living in Richmond Heights, MO

Population 9,179 · Missouri · Data vintage 2023

112
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Richmond Heights sits on the smaller end of the Missouri city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. The labor market has been unusually tight, with unemployment around 1.6% — below most comparable cities in the state.

Richmond Heights sits roughly 5 miles west of St. Louis — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 87% higher than St. Louis' $185,000.

Cost Overview

Housing 113
Rent 110

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 $345,400 — 13% above the national median of $305,000. Median rent runs $1,447/month, 10% higher than the national median of $1,314/month. The median household income of $90,670/year is 22% higher than the US median of $74,580. The local unemployment rate is 1.6%, below the national average of 4.8%. Missouri's top state income tax rate is 5.0% and the combined sales tax is 8.4%. Overall, Richmond Heights has a cost of living index of 112 versus the US average of 100, meaning it is 12% more expensive.

🏠 Housing

Median Home Value
$345,400
13% above avg
Zillow Home Value
$380,479
Zillow ZHVI
Median Rent
$1,447/mo
10% above avg
Zillow Rent
$1,612/mo
Zillow ZORI
Price-to-Rent Ratio
19.9x
Favors buying
Property Tax Rate
1.0%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$623
1 BR
$668
2 BR
$826
3 BR
$1,142
4 BR
$1,311
Owner-occupied 51.8%
Renter-occupied 48.2%

💰 Estimated Monthly Budget

Rent median rent
$1,447
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,061/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
20.5 min
24% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
18.6%

Commute Mode

Drove alone
75.1%
Carpooled
3.0%
Public transit
1.9%
Walked
0.9%
Work from home
18.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.0%
Total Sales Tax 8.4%
State rate 4.2%
Avg local rate 4.1%
Property Tax 1.0%

💼 Income & Employment

Median Household Income
$90,670
22% above avg
Per Capita Income
$69,748
Unemployment Rate
1.6%
67% below avg
Poverty Rate
5.0%
Labor Force Participation
76.0%

🎓 Education

Bachelor's degree+ 39.0%
Graduate degree 36.9%

👥 Demographics

Median Age 35.4
Male median age 32.9
Female median age 37

Frequently Asked Questions

What is the cost of living in Richmond Heights, MO?

Richmond Heights has a cost index of 112 (100 = national average). It is 12% above the national average.

What is average rent in Richmond Heights, MO?

The median gross rent in Richmond Heights is $1,447 per month based on 2023 Census data.

What is the average home price in Richmond Heights?

The median home value in Richmond Heights is $345,400 according to Zillow and Census data.

What is the median income in Richmond Heights?

The median household income in Richmond Heights is $90,670 per year (2023 ACS 5-year estimates).

What is the sales tax in Richmond Heights, MO?

The combined state and local sales tax rate in Richmond Heights is 8.4%. The Missouri state income tax top rate is 5.0%.

Is Richmond Heights, MO affordable?

Richmond Heights is above average in cost of living, with an index of 112 — about 12% higher than the national average.

Richmond Heights at a Glance

Population
9,179
Median Income
$90,670
Home Value
$345,400
Median Rent
$1,447/mo
Unemployment
1.6%
Sales Tax
8.4%
View all cities in Missouri →
🗺️ County data for Missouri

Explore county-level cost of living data

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