Living here
Cost of living in Richardson
Housing is more expensive than the US average. Rents, home prices, taxes and how far a paycheck goes.
Median rent
$1,825/mo
35% above US
Median home value
$405,600
34% above US
Median household income
$96,257
23% above US
Rent as share of income
23%
US 21%
Home price to income
4.2×
US 3.9×
Sales tax
8.25%
Rent by number of bedrooms
HUD 2027 fair market rents for Dallas, TX HUD Metro FMR Area (gross rent including utilities, near the 40th percentile of local rents). Source: HUD USER.
How Richardson compares
- Richardson$1,825
- Texas$1,339
- United States$1,348
- Plano$1,792
- Carrollton$1,674
- McKinney$1,841
- Flower Mound$2,221
- Tyler$1,199
- Killeen$1,147
- Georgetown$1,671
- Cedar Park$1,753
- Richardson$405,600
- Texas$260,400
- United States$303,400
- Plano$440,600
- Carrollton$353,600
- McKinney$439,500
- Flower Mound$514,100
- Tyler$216,400
- Killeen$196,000
- Georgetown$398,600
- Cedar Park$474,800
Taxes
Compare with nearby cities
Questions
Is Richardson expensive to live in?
Housing in Richardson is more expensive than the national average: median rent is $1,825 (35% above US) and the median home value is $405,600 (34% above US).
How much is rent in Richardson?
The median gross rent is $1,825 a month. HUD’s 2027 fair market rents for the area are studio $1,491, 1 bedroom $1,536, 2 bedrooms $1,807, 3 bedrooms $2,275, 4 bedrooms $2,892.
How much of their income do renters spend in Richardson?
At the median, a year’s rent ($21,900) equals about 23% of the median household income ($96,257); nationally it’s about 21%.
What are taxes like in Richardson?
Sales tax is 8.25% and property taxes run about 1.59% of home value a year.
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates; HUD fair market rents; Texas Comptroller of Public Accounts - City Sales and Use Tax rates (city-rates.xlsx, updated Oct 6, 2026; cross-checked with EDI current rate file taxrates.txt, 2026 Q4).