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

Midland

Texas
99
VS

Richardson

Texas
128

Midland is 23% cheaper than Richardson.

$1,407/mo ↓ 23%
Median Rent
$1,825/mo ↑ 30%
$91,169/yr ↓ 5%
Median Income
$96,257/yr ↑ 6%
$298,600 ↓ 26%
Home Value
$405,600 ↑ 36%
$1,468/mo ↓ 18%
Owner Costs
$1,796/mo ↑ 22%
133,998
Population
118,269

Tax Comparison

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

Affordability

18.5%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Midland, TX and Richardson, TX, the overall cost of living indices are 99 and 128 respectively (national median = 100). Rent is $418/month cheaper in Midland, saving renters about $5,016/year.

Median household income is $5,088/year higher in Richardson. Home values also differ significantly — the median in Midland is $298,600 compared to $405,600 in Richardson.

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

Frequently Asked Questions

Midland vs Richardson — common questions

Is Midland or Richardson cheaper to live in?
Based on our cost index, Midland is cheaper to live in with an index of 99 compared to 128 (US average = 100).
What is the rent difference between Midland and Richardson?
Median rent in Midland is $1,407/month and in Richardson it's $1,825/month — a difference of $418/month.
Which city has higher income, Midland or Richardson?
Median household income is $91,169 in Midland and $96,257 in Richardson. Median household income is $5,088/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 Midland or Richardson?
It depends on your priorities. Midland has a cost index of 99 with median rent of $1,407/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.
View Midland details → View Richardson details →

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