Cost of Living in Richwood, TX
Population 4,766 · Texas · Data vintage 2023
(100 = US avg)
Richwood is a smaller Texas community of around 5000 residents, where median household incomes of $80,250 and housing costs ($231,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Unemployment has stayed elevated relative to the national figure — 7.0% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Richwood is about 35 miles south of Pearland, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 30% lower than Pearland's $331,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Richwood
The median home value in Richwood is $230,800 — 24% below the national median of $305,000. Median rent runs $1,215/month, 8% lower than the national median of $1,314/month. The median household income of $80,250/year is 8% higher than the US median of $74,580. The local unemployment rate is 7.0%, above the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 80.4°F and lows of 61.0°F. Overall, Richwood has a cost of living index of 82 versus the US average of 100, meaning it is 18% less expensive.
Richwood 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 | 65 | 69 | 74 | 79 | 86 | 91 | 93 | 93 | 89 | 84 | 74 | 67 |
| Low °F | 45 | 49 | 54 | 60 | 68 | 73 | 75 | 75 | 71 | 62 | 53 | 47 |
| Precip" | 4.19 | 2.23 | 3.06 | 2.36 | 4.30 | 3.84 | 3.88 | 4.20 | 5.96 | 4.44 | 3.60 | 3.70 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Richwood, TX?
Richwood has a cost index of 82 (100 = national average). It is 18% below the national average.
What is average rent in Richwood, TX?
The median gross rent in Richwood is $1,215 per month based on 2023 Census data.
What is the average home price in Richwood?
The median home value in Richwood is $230,800 according to Zillow and Census data.
What is the median income in Richwood?
The median household income in Richwood is $80,250 per year (2023 ACS 5-year estimates).
What is the sales tax in Richwood, TX?
The combined state and local sales tax rate in Richwood is 8.2%. Texas has no state income tax.
Is Richwood, TX affordable?
Yes, Richwood is generally considered affordable, with a cost of living index of 82 — about 18% below the US national average of 100.
What is the weather like in Richwood?
Richwood has average high temperatures of 80.4°F and average lows of 61.0°F. Annual precipitation is 45.8". Data from NOAA 1991–2020 Climate Normals.
Richwood at a Glance
- Population
- 4,766
- Median Income
- $80,250
- Home Value
- $230,800
- Median Rent
- $1,215/mo
- Unemployment
- 7.0%
- Avg High Temp
- 80.4°F
- Sales Tax
- 8.2%
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Texas Rankings
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