salaryRent is higher than in 67% of U.S. cities. A typical house costs about 4.1 years of household income. It is a highly educated city: 57% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $78,520 a year. That is $38 an hour at a full-time job.
Is rent cheaper than other Texas cities?
No. Rent here is more expensive than in most of Texas. It is number 332 of 426 cities from cheapest to most expensive.
How much do households earn in Richardson?
Share of households by yearly income. 37.9% of households earn $100,000 or more.
Rent by apartment size in Richardson
| Size | Richardson | U.S. average |
|---|---|---|
| Studio | $1,805 | $1,338 |
| 1 bedroom | $1,729 | $1,324 |
| 2 bedrooms | $2,153 | $1,509 |
| 3 bedrooms | $2,314 | $1,698 |
| 4 bedrooms | $2,887 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Richardson overall?
Everyday prices in the Dallas-Fort Worth-Arlington metro area are 3% above the U.S. average (index 103.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Richardson
Life in Richardson
What jobs pay in Richardson
| Job | Median pay | Rent / pay |
|---|---|---|
| Lawyer | $168,510 | 14.0% |
| Pharmacist | $138,170 | 17.0% |
| Physician Assistant | $134,900 | 17.5% |
| Software Developer | $133,290 | 17.7% |
| Nurse Practitioner | $130,980 | 18.0% |
| Computer Systems Analyst | $122,520 | 19.2% |
| Operations Manager | $111,010 | 21.2% |
| Dental Hygienist | $101,870 | 23.1% |
| Registered Nurse | $101,420 | 23.2% |
| Civil Engineer | $96,920 | 24.3% |
| Police Officer | $92,910 | 25.4% |
| Accountant | $82,620 | 28.5% |
| Market Research Analyst | $75,240 | 31.3% |
| Elementary School Teacher | $65,070 | 36.2% |
| Firefighter | $64,900 | 36.3% |
| Licensed Practical Nurse | $64,370 | 36.6% |
| Plumber | $61,250 | 38.5% |
| HVAC Technician | $59,560 | 39.6% |
| Truck Driver | $59,530 | 39.6% |
| Electrician | $59,010 | 39.9% |
| Carpenter | $48,740 | 48.3% |
| Customer Service Representative | $44,990 | 52.4% |
| Medical Assistant | $43,100 | 54.7% |
| Nursing Assistant | $38,530 | 61.1% |
| Warehouse Worker | $38,510 | 61.2% |
| Restaurant Cook | $36,490 | 64.6% |
| Retail Salesperson | $33,400 | 70.5% |
| Cashier | $29,910 | 78.8% |
| Server (Waiter/Waitress) | $24,160 | 97.5% |
Is it cheaper to rent or buy in Richardson?
Renting is cheaper right now: about $1,030 a month less.
Owning assumes a typical $431,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $43,140 for the down payment.
Frequently asked questions
What is the average rent in Richardson, TX?
Renting in Richardson costs a median of about $1,963 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Richardson?
To keep rent under 30% of income, you need about $78,520 a year, or $38 an hour at a full-time job.
Is Richardson cheap or expensive?
Richardson is rated OK: rent takes 22.3% of the typical household income of $105,813. It ranks 332nd cheapest of 426 Texas cities we track.
How much are property taxes in Richardson?
The median homeowner in Richardson pays $6,482 a year in property taxes, about 1.50% of the median home value.
Is Richardson more expensive than the national average?
Overall prices in the metro area are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Richardson?
The median home value in Richardson is $431,400, about 4.1 times the typical yearly household income.
118,731 people live in Richardson. Numbers are typical (middle) values.