Cost of Living in Richardson, TX
Population 118,269 · Texas · Data vintage 2023
(100 = US avg)
The Richardson cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $406,000, rents near $1,825 a month.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Richardson
The median home value in Richardson is $405,600 — 33% above the national median of $305,000. Median rent runs $1,825/month, 39% higher than the national median of $1,314/month. The median household income of $96,257/year is 29% higher than the US median of $74,580. The local unemployment rate is 4.8%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 77.9°F and lows of 58.1°F, with about 1.7" of annual snowfall. Overall, Richardson has a cost of living index of 135 versus the US average of 100, meaning it is 35% 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 | 58 | 62 | 70 | 77 | 85 | 93 | 97 | 97 | 90 | 80 | 68 | 59 |
| Low °F | 38 | 42 | 49 | 57 | 66 | 74 | 78 | 77 | 70 | 59 | 48 | 40 |
| Precip" | 2.59 | 2.78 | 3.45 | 3.15 | 4.57 | 3.83 | 1.71 | 2.19 | 3.10 | 4.79 | 2.93 | 3.23 |
| Snow" | 0.1 | 0.9 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Richardson, TX?
Richardson has a cost index of 135 (100 = national average). It is 35% above the national average.
What is average rent in Richardson, TX?
The median gross rent in Richardson is $1,825 per month based on 2023 Census data.
What is the average home price in Richardson?
The median home value in Richardson is $405,600 according to Zillow and Census data.
What is the median income in Richardson?
The median household income in Richardson is $96,257 per year (2023 ACS 5-year estimates).
What is the sales tax in Richardson, TX?
The combined state and local sales tax rate in Richardson is 8.2%. Texas has no state income tax.
Is Richardson, TX affordable?
Richardson is above average in cost of living, with an index of 135 — about 35% higher than the national average.
What is the weather like in Richardson?
Richardson has average high temperatures of 77.9°F and average lows of 58.1°F. Annual precipitation is 38.3". Average annual snowfall is 1.7". Data from NOAA 1991–2020 Climate Normals.
Richardson at a Glance
- Population
- 118,269
- Median Income
- $96,257
- Home Value
- $405,600
- Median Rent
- $1,825/mo
- Unemployment
- 4.8%
- Avg High Temp
- 77.9°F
- Sales Tax
- 8.2%
Explore county-level cost of living data
Texas Rankings
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