Cost of Living in Richmond, CA
Housing
The housing market plays a significant role in determining the cost of living in Richmond, CA.
- Housing Index: 120.0 / 100
- Median Home Price is: $650,000
- Average Rent (2 BR Apartment): $2800 per month
- Average Rent (2 BR House): $2700 per month
When considering a move to Richmond, CA, the housing market indicates a noteworthy housing index of 120.0. This suggests that homes might be pricier than the national average. With a median home price of 650000, prospective buyers should be mindful of their budgets. The rental market is also robust, with an average rent for a 2BR apartment at 2800 and a 2BR house at 2700. If amenities and lifestyle are priorities, these costs must be weighed against the benefits of living in this vibrant area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Richmond, CA.
- Electricity Price: $32.99 USD (median by state)
- Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Richmond, CA could entail higher utility costs. Electricity costs sit at $32.99, while natural gas is priced at $16.99 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Richmond is a financially viable option for your relocation.