Cost of Living in Richland Hills, TX

Population 8,473 · Texas · Data vintage 2023

86
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Richland Hills a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $233,000.

Richland Hills sits roughly 7 miles east of Fort Worth — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 16% lower than Fort Worth's $277,000.

Cost Overview

Housing 76
Rent 101

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Richland Hills

The median home value in Richland Hills is $232,800 — 24% below the national median of $305,000. Median rent runs $1,327/month, 1% higher than the national median of $1,314/month. The median household income of $67,628/year is 9% lower than the US median of $74,580. The local unemployment rate is 3.6%, 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 78.2°F and lows of 56.7°F. Overall, Richland Hills has a cost of living index of 86 versus the US average of 100, meaning it is 14% less expensive.

🏠 Housing

Median Home Value
$232,800
24% below avg
Zillow Home Value
$279,243
Zillow ZHVI
Median Rent
$1,327/mo
1% above avg
Zillow Rent
$1,758/mo
Zillow ZORI
Price-to-Rent Ratio
14.6x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$766
1 BR
$811
2 BR
$981
3 BR
$1,307
4 BR
$1,509
Owner-occupied 63.3%
Renter-occupied 36.7%

💰 Estimated Monthly Budget

Rent median rent
$1,327
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,941/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
24.8 min
8% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.3%

Commute Mode

Drove alone
74.2%
Carpooled
7.4%
Public transit
0.5%
Walked
2.6%
Work from home
15.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 8.2%
State rate 6.3%
Avg local rate 1.9%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$67,628
9% below avg
Per Capita Income
$35,332
Unemployment Rate
3.6%
25% below avg
Poverty Rate
8.4%
Labor Force Participation
69.4%

🎓 Education

Bachelor's degree+ 10.4%
Graduate degree 5.2%

👥 Demographics

Median Age 40.4
Male median age 34.5
Female median age 48.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
78.2°F
Avg Low
56.7°F
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 596471788693979789806859
Low °F 374049566372767668584739

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 57 — Moderate
27.1%
Good air days/yr
172
Max AQI recorded
239
PM2.5 days
122
Ozone days

Frequently Asked Questions

What is the cost of living in Richland Hills, TX?

Richland Hills has a cost index of 86 (100 = national average). It is 14% below the national average.

What is average rent in Richland Hills, TX?

The median gross rent in Richland Hills is $1,327 per month based on 2023 Census data.

What is the average home price in Richland Hills?

The median home value in Richland Hills is $232,800 according to Zillow and Census data.

What is the median income in Richland Hills?

The median household income in Richland Hills is $67,628 per year (2023 ACS 5-year estimates).

What is the sales tax in Richland Hills, TX?

The combined state and local sales tax rate in Richland Hills is 8.2%. Texas has no state income tax.

Is Richland Hills, TX affordable?

Yes, Richland Hills is generally considered affordable, with a cost of living index of 86 — about 14% below the US national average of 100.

What is the weather like in Richland Hills?

Richland Hills has average high temperatures of 78.2°F and average lows of 56.7°F. Data from NOAA 1991–2020 Climate Normals.

Richland Hills at a Glance

Population
8,473
Median Income
$67,628
Home Value
$232,800
Median Rent
$1,327/mo
Unemployment
3.6%
Avg High Temp
78.2°F
Sales Tax
8.2%
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Explore county-level cost of living data

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