Cost of Living in Richardson, TX
Population: 118,269 • 2026 Data
$96,257
Median Household Income
+24% vs national
$1,825
Median Monthly Rent
+35% vs national
$405,600
Median Home Value
+20% vs national
4.8%
Unemployment Rate
Housing in Richardson
The median home value in Richardson, TX is $405,600. Monthly rent for a typical unit averages $1,825, while total monthly housing costs (including utilities and insurance) average $1,796.
Rent-to-income ratio: 22.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Richardson, TX is $96,257. The unemployment rate stands at 4.8%, with a labor force of 68,275 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.