Cost of Living in Richardson, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
158.2
100 = national avg
+58.2 vs national average
Living Wage (1 Adult)
$69,621
per year
Living Wage (Family of 4)
$164,558
per year
Cost Index by Category
Housing216.3
Food123.6
Transportation108.6
Healthcare118.9
Utilities137.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,648
per month
2 Bedroom
$1,931
per month
The overall cost of living index in Richardson is 158.2, which is 58.2% above the national average. Housing costs are above the national average at an index of 216.3. A single adult needs to earn approximately $69,621 per year to cover basic expenses.