Housing & Cost of Living

Aerial view of richmond neighborhoods

Cost of Living Comparison

Richmond mirrors the Houston markets low cost of living when compared to cities across the nation.

According to research conducted by the Greater Houston Partnership, the Houston region offers the 5th lowest cost of living among all major metropolitan areas in the nation. The Houston region's living costs are 23.1 percent below average for major metropolitan areas. 

Houston Metro Cost of Living


Cheaper Housing than Top 20 US Metros


Below Average of All US Metros


Most Affordable Highly Populous Metro

C2ER 2020 Findings

The Council for Community and Economic Research (C2ER) found that Houston's living costs are 26.4% below the average of the nation's 20 most populus metropolitan areas.

The C2ER found that Houston's housing costs were 14.7% below the average for ALL US metros.