Cost of Living in Richfield, OH
Population 3,711 · Ohio · Data vintage 2023
(100 = US avg)
With a median age of 56, Richfield functions largely as a retirement market. Housing costs — $292,000 for a typical home — anchor most household budgets, and the state's treatment of pension income tends to matter more than wage-driven tax comparisons. The labor market has been unusually tight, with unemployment around 1.1% — below most comparable cities in the state.
Geographically, Richfield sits roughly 12 miles northwest of Akron. Median home values run roughly 163% higher than Akron's $111,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Richfield
The median home value in Richfield is $292,000 — 4% below the national median of $305,000. Median rent runs $1,019/month, 22% lower than the national median of $1,314/month. The median household income of $78,426/year is 5% higher than the US median of $74,580. The local unemployment rate is 1.1%, below the national average of 4.8%. Ohio's top state income tax rate is 3.8% and the combined sales tax is 7.2%. The climate averages highs of 62.1°F and lows of 42.5°F. Overall, Richfield has a cost of living index of 88 versus the US average of 100, meaning it is 12% less expensive.
Richfield 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 37 | 40 | 49 | 62 | 73 | 81 | 85 | 84 | 77 | 65 | 52 | 41 |
| Low °F | 21 | 22 | 30 | 40 | 51 | 60 | 64 | 62 | 55 | 44 | 35 | 27 |
| Precip" | 1.83 | 1.45 | 2.48 | 2.83 | 3.56 | 3.67 | 3.65 | 3.00 | 3.18 | 2.53 | 2.32 | 2.01 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Richfield, OH?
Richfield has a cost index of 88 (100 = national average). It is 12% below the national average.
What is average rent in Richfield, OH?
The median gross rent in Richfield is $1,019 per month based on 2023 Census data.
What is the average home price in Richfield?
The median home value in Richfield is $292,000 according to Zillow and Census data.
What is the median income in Richfield?
The median household income in Richfield is $78,426 per year (2023 ACS 5-year estimates).
What is the sales tax in Richfield, OH?
The combined state and local sales tax rate in Richfield is 7.2%. The Ohio state income tax top rate is 3.8%.
Is Richfield, OH affordable?
Yes, Richfield is generally considered affordable, with a cost of living index of 88 — about 12% below the US national average of 100.
What is the weather like in Richfield?
Richfield has average high temperatures of 62.1°F and average lows of 42.5°F. Annual precipitation is 32.5". Data from NOAA 1991–2020 Climate Normals.
Richfield at a Glance
- Population
- 3,711
- Median Income
- $78,426
- Home Value
- $292,000
- Median Rent
- $1,019/mo
- Unemployment
- 1.1%
- Avg High Temp
- 62.1°F
- Sales Tax
- 7.2%
Nearby Cities
Explore county-level cost of living data
Ohio Rankings
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