States › Ohio › Richmond Heights

Is Richmond Heights, OH expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,06339% lower than U.S. average
💵 Families earn per year (2026)$65,608about $5,467/month · 25% lower than U.S. average
🔑 House price$208,80037% lower than U.S. average

Rent is lower than in 84% of U.S. cities. A typical house costs about 3.2 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $42,520 a year. That is $20 an hour at a full-time job.

Is rent cheaper than other Ohio cities?

Yes. Rent here is cheaper than in most of Ohio. It is number 73 of 288 cities from cheapest to most expensive.

Richmond Heights
$1,063
Heath
$1,198
Shiloh
$1,067
Northbrook
$1,720
Reading
$1,274
Ironton
$1,452
London
$1,263

How much do households earn in Richmond Heights?

Under $25k
11.3%
$25k–50k
31.5%
$50k–100k
32.8%
$100k–150k
10.6%
$150k+
7.5%

Share of households by yearly income. 18.1% of households earn $100,000 or more.

Rent by apartment size in Richmond Heights

SizeRichmond HeightsU.S. average
Studio$1,255$1,338
1 bedroom$998$1,324
2 bedrooms$1,182$1,509
3 bedrooms$953$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Richmond Heights overall?

Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).

Housing
73
Goods (food, clothes…)
94
Utilities
96
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Richmond Heights, so the Ohio figure is shown.

Taxes and bills in Richmond Heights

🏛️ Property tax$4,733a year · 2.27% of home value · U.S. $3,119
⚡ Electric bill$99a month (typical) · U.S. $156

Life in Richmond Heights

Commute to work27 minU.S.: 26.4 min
College degree29.9%U.S.: 35.7%
Own their home65.9%U.S.: 65.2%
Below poverty line9.9%U.S.: 12.5%
Unemployment11.2%U.S.: 5.2%

Is it cheaper to rent or buy in Richmond Heights?

Renting is cheaper right now: about $386 a month less.

Renting
$1,063
Owning
$1,449

Owning assumes a typical $208,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $20,880 for the down payment.

Frequently asked questions

What is the average rent in Richmond Heights, OH?

Renting in Richmond Heights costs a median of about $1,063 a month in 2026, including utilities. The Ohio median is $1,261.

How much do I need to make to live in Richmond Heights?

To keep rent under 30% of income, you need about $42,520 a year, or $20 an hour at a full-time job.

Is Richmond Heights cheap or expensive?

Richmond Heights is rated Cheap: rent takes 19.4% of the typical household income of $65,608. It ranks 73rd cheapest of 288 Ohio cities we track.

How much are property taxes in Richmond Heights?

The median homeowner in Richmond Heights pays $4,733 a year in property taxes, about 2.27% of the median home value.

Is Richmond Heights more expensive than the national average?

Overall prices in Ohio are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Richmond Heights?

The median home value in Richmond Heights is $208,800, about 3.2 times the typical yearly household income.

10,626 people live in Richmond Heights. Numbers are typical (middle) values.