42nd most affordable of 199 in Metro Detroit
Cost of Living in Richmond Township, MI
A typical home in Richmond Township costs about $1,891 a month, 17.9% of the median household income of $126,450. That makes Richmond Township the 7th most affordable of 27 places in Macomb County and 42nd of 199 across Metro Detroit.
- Median rent a month
- $0
- Median home value
- $378,800
- Owner cost with a mortgage
- $1,891
- Of income on housing
- 17.9%
Richmond Township against Macomb County and the metro
| Census median | Richmond Township | Macomb County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $0 | $1,211 | $1,207 |
| Median home value | $378,800 | $243,900 | $249,700 |
| Owner cost with a mortgage (monthly) | $1,891 | $1,628 | $1,720 |
| Median household income (yearly) | $126,450 | $77,837 | $76,664 |
| Share of income on housing | 17.9% | 21.9% | 22.9% |
Ranked 7th most affordable of 27 in Macomb County. See all 27.
Cost of living near Richmond Township
The towns around Richmond Township, each with its own page.
- Ray Township Rent $1,259 · Home $377,700 5th most affordable in the metro
- Wales Township Rent $869 · Home $273,700 9th most affordable in the metro
- Berlin Township Rent $784 · Home $313,100 21st most affordable in the metro
- Richmond Rent $864 · Home $237,700 103rd most affordable in the metro
- Memphis Rent $820 · Home $213,300 173rd most affordable in the metro
- Lenox Township Rent $1,360 · Home $212,900 174th most affordable in the metro
- Armada Township Rent $1,053 · Home $331,100 14th most affordable in the metro
- Columbus Township Rent $1,430 · Home $323,200 95th most affordable in the metro
Living in Richmond Township
- Homes for sale in Richmond Township Listings and off-market deals
- Rentals in Richmond Township Houses and apartments for rent
- Cost of living in Macomb County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Richmond Township city guide Pros, homes and city services
Richmond Township cost of living questions
5 questions
Is Richmond Township, MI expensive to live in?
A typical home in Richmond Township takes 17.9% of the median household income, against 22.9% across Metro Detroit, which ranks it 42nd most affordable of 199 places.
What is the average rent in Richmond Township?
The median gross rent is $0 a month, rent plus the utilities the renter pays.
How much does a house cost in Richmond Township?
Owners put the median home value at $378,800, 52% above the metro. With a mortgage, the median owner pays $1,891 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Richmond Township?
Spending no more than 30% of income on housing, the usual rule, a typical Richmond Township home at $1,891 a month calls for about $76,000 a year. The median household here earns $126,450.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Richmond Township. They are medians, half above and half below, and today's listings and rents can differ.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.