Cost of Living: Amarillo, TX vs Richardson, TX (2026)

Amarillo

Texas
69
VS

Richardson

Texas
128

Amarillo is 59% cheaper than Richardson.

$1,049/mo ↓ 43%
Median Rent
$1,825/mo ↑ 74%
$62,469/yr ↓ 35%
Median Income
$96,257/yr ↑ 54%
$186,800 ↓ 54%
Home Value
$405,600 ↑ 117%
$1,074/mo ↓ 40%
Owner Costs
$1,796/mo ↑ 67%
200,945
Population
118,269

Tax Comparison

0%
Income Tax
0%
6.25%
Sales Tax
6.25%
1.6%
Property Tax
1.6%

Affordability

20.2%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Amarillo, TX and Richardson, TX, the overall cost of living indices are 69 and 128 respectively (national median = 100). Rent is $776/month cheaper in Amarillo, saving renters about $9,312/year.

Median household income is $33,788/year higher in Richardson. Home values also differ significantly — the median in Amarillo is $186,800 compared to $405,600 in Richardson.

Both cities share the same state tax structure since they are in Texas.

Frequently Asked Questions

Amarillo vs Richardson — common questions

Is Amarillo or Richardson cheaper to live in?
Based on our cost index, Amarillo is cheaper to live in with an index of 69 compared to 128 (US average = 100).
What is the rent difference between Amarillo and Richardson?
Median rent in Amarillo is $1,049/month and in Richardson it's $1,825/month — a difference of $776/month.
Which city has higher income, Amarillo or Richardson?
Median household income is $62,469 in Amarillo and $96,257 in Richardson. Median household income is $33,788/year higher in Richardson.
How do taxes compare between Texas and Texas?
Both cities are in Texas and share the same state tax rates: 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Amarillo or Richardson?
It depends on your priorities. Amarillo has a cost index of 69 with median rent of $1,049/mo, while Richardson has a cost index of 128 with rent of $1,825/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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