Richmond Heights, OH vs Troy, OH

Richmond Heights, OH and Troy, OH have a very similar cost of living, with only a 2.3% difference in their overall index. Richmond Heights scores 75 while Troy scores 77 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Richmond Heights is $933/month compared to $934/month in Troy — a 0% difference. Home values follow the same pattern: Richmond Heights is more affordable at $176,100 median vs $199,400.

Median household income in Richmond Heights is $56,734 compared to $70,450 in Troy (-19.5%). While Troy is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Richmond Heights spend roughly 19.7% of their income on rent, more than the 15.9% in Troy.