Housing costs in Richland Hills?
A typical home costs
$304,300, which is 10.0% less expensive than the national average of
$338,100 and 2.3% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Richland Hills costs
$1,340 per month, which is 4.7% more than the national average of
$1,280 and 14.2% cheaper than the state average of
$1,530.
Can I afford Richland Hills?
To live comfortably in Richland Hills (zip 76118), Texas, a minimum annual income of
$58,320 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Richland Hills?
The cost of living in 76118 Richland Hills, TX is higher than the national average but lower than other nearby cities. The median home value is $219,900, which is significantly higher than the national median of $184,700. The median household income is $60,674 and the unemployment rate stands at 4.8%. The overall cost of living index for this area is 97.7, meaning it is slightly less expensive to live here than in the average city in the United States. Groceries, housing, health care and transportation are all above average when compared to other parts of Texas. However, utilities are below average and offer residents some savings on monthly bills.