Cost of Living in Richmond Heights, OH

Population 10,677 · Ohio · Data vintage 2023

63
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Richmond Heights is a smaller Ohio community of around 11000 residents, where median household incomes of $56,734 and housing costs ($176,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. At 11.1%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Richmond Heights sits roughly 11 miles northeast of Cleveland — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 87% higher than Cleveland's $94,000.

Cost Overview

Housing 58
Rent 71

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 $176,100 — 42% below the national median of $305,000. Median rent runs $933/month, 29% lower than the national median of $1,314/month. The median household income of $56,734/year is 24% lower than the US median of $74,580. The local unemployment rate is 11.1%, above 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 58.9°F and lows of 45.8°F. Overall, Richmond Heights has a cost of living index of 63 versus the US average of 100, meaning it is 37% less expensive.

🏠 Housing

Median Home Value
$176,100
42% below avg
Zillow Home Value
$235,758
Zillow ZHVI
Median Rent
$933/mo
29% below avg
Price-to-Rent Ratio
15.7x
Favors buying
Property Tax Rate
1.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$686
1 BR
$748
2 BR
$929
3 BR
$1,199
4 BR
$1,374
Owner-occupied 64.1%
Renter-occupied 35.9%

💰 Estimated Monthly Budget

Rent median rent
$933
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,547/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
26.7 min
1% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.1%

Commute Mode

Drove alone
73.7%
Carpooled
6.5%
Public transit
1.6%
Walked
0.6%
Work from home
15.1%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 3.8%
Total Sales Tax 7.2%
State rate 5.8%
Avg local rate 1.4%
Property Tax 1.6%

💼 Income & Employment

Median Household Income
$56,734
24% below avg
Per Capita Income
$38,321
Unemployment Rate
11.1%
131% above avg
Poverty Rate
10.0%
Labor Force Participation
63.3%

🎓 Education

Bachelor's degree+ 18.2%
Graduate degree 13.0%

👥 Demographics

Median Age 50.9
Male median age 46.8
Female median age 51.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
58.9°F
Avg Low
45.8°F
Annual Precip
33.3"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 353745576877818074635140
Low °F 242531415363686760493830
Precip" 1.761.532.353.103.512.843.663.452.943.242.922.04

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 57 — Moderate
32.1%
Good air days/yr
234
Max AQI recorded
276
PM2.5 days
83
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

84%
4-Year Graduation Rate
14:1
Student-teacher ratio
3
Public schools
741
Total enrollment

Frequently Asked Questions

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

Richmond Heights has a cost index of 63 (100 = national average). It is 37% below the national average.

What is average rent in Richmond Heights, OH?

The median gross rent in Richmond Heights is $933 per month based on 2023 Census data.

What is the average home price in Richmond Heights?

The median home value in Richmond Heights is $176,100 according to Zillow and Census data.

What is the median income in Richmond Heights?

The median household income in Richmond Heights is $56,734 per year (2023 ACS 5-year estimates).

What is the sales tax in Richmond Heights, OH?

The combined state and local sales tax rate in Richmond Heights is 7.2%. The Ohio state income tax top rate is 3.8%.

Is Richmond Heights, OH affordable?

Yes, Richmond Heights is generally considered affordable, with a cost of living index of 63 — about 37% below the US national average of 100.

What is the weather like in Richmond Heights?

Richmond Heights has average high temperatures of 58.9°F and average lows of 45.8°F. Annual precipitation is 33.3". Data from NOAA 1991–2020 Climate Normals.

Richmond Heights at a Glance

Population
10,677
Median Income
$56,734
Home Value
$176,100
Median Rent
$933/mo
Unemployment
11.1%
Avg High Temp
58.9°F
Sales Tax
7.2%
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Explore county-level cost of living data

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