salaryRent here is among the highest 10% in the country. A typical house costs about 4.4 years of household income. Commutes are long, about 40.6 minutes each way. Most homes (83.8%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $135,480 a year. That is $65 an hour at a full-time job.
Is rent cheaper than other Florida cities?
No. Rent here is more expensive than in most of Florida. It is number 470 of 479 cities from cheapest to most expensive.
How much do households earn in Richmond West?
Share of households by yearly income. 36.7% of households earn $100,000 or more.
Rent by apartment size in Richmond West
| Size | Richmond West | U.S. average |
|---|---|---|
| 1 bedroom | $2,485 | $1,324 |
| 2 bedrooms | $2,705 | $1,509 |
| 3 bedrooms | $2,466 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Richmond West overall?
Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Richmond West, so the Florida figure is shown.
Taxes and bills in Richmond West
Life in Richmond West
Is it cheaper to rent or buy in Richmond West?
About the same. Renting and owning cost within $7 of each other each month.
Owning assumes a typical $489,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $48,910 for the down payment.
Frequently asked questions
What is the average rent in Richmond West, FL?
Renting in Richmond West costs a median of about $3,387 a month in 2026, including utilities. The Florida median is $1,963.
How much do I need to make to live in Richmond West?
To keep rent under 30% of income, you need about $135,480 a year, or $65 an hour at a full-time job.
Is Richmond West cheap or expensive?
Richmond West is rated Expensive: rent takes 37.0% of the typical household income of $109,975. It ranks 470th cheapest of 479 Florida cities we track.
How much are property taxes in Richmond West?
The median homeowner in Richmond West pays $3,630 a year in property taxes, about 0.74% of the median home value.
Is Richmond West more expensive than the national average?
Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Richmond West?
The median home value in Richmond West is $489,100, about 4.4 times the typical yearly household income.
35,593 people live in Richmond West. Numbers are typical (middle) values.