Richland, WA

Average · 109

Washington · Population 61,912 · Updated March 2026

$1,397
Median Rent / Month
$92,550
Median Income
$401,800
Median Home Value
$1,407
Owner Costs / Month

Affordability

How far your income goes in Richland

18.1%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Washington

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.5%
Sales Tax
0.92%
Property Tax Rate

Estimated Annual Costs

$16,764
Annual Rent
$0
State Income Tax
$3,697
Property Tax (est.)

Cost of Living Overview

Richland is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 109 (where 100 equals the national median), Richland residents can expect to pay median rent of $1,397/month while earning a median household income of $92,550/year.

The median home value in Richland, WA is $401,800, with typical monthly owner costs around $1,407 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.1% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Washington has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.5% sales tax rate and 0.92% effective property tax rate, the overall tax environment helps keep costs manageable in Richland.

Frequently Asked Questions

Common questions about living costs in Richland

What is the cost of living in Richland, WA?
The cost of living index in Richland, WA is 109 (US average = 100). Median monthly rent is $1,397, median household income is $92,550/year, and the median home value is $401,800.
Is Richland, WA affordable?
No, Richland is more expensive than the national average with a cost index of 109. The rent-to-income ratio is 18.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Richland, WA?
The median gross rent in Richland, WA is $1,397 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,764.
What is the median household income in Richland?
The median household income in Richland, WA is $92,550 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Washington?
Washington has a top income tax rate of 0%, a sales tax of 6.5%, and an effective property tax rate of 0.92%. Notably, there is no state income tax.