Cost of Living in Richmond upon Thames
London
Borough
Population: 198,000
Average House Price
£534.5k
+84% vs UK avg (£290k)
Median Salary
£50,541
+29% vs UK avg (£39,039)
Average Rent
£1,983/mo
+65% vs UK avg (£1,200)
Quick Facts
Council Tax£1,982Band D / yr
Energy£152/ mo
Water£35.00/ mo
Broadband£34.00/ mo
Bus Pass£87.30/ mo
House Prices in Richmond upon Thames
+2.0% year-on-year
Average Property Prices
Based on Land Registry data for 2025-12-01
Average price (all types)
£534,470
Detached£989,400
Semi-detached£630,500
Terraced£548,050
Flat / Apartment£426,800
House prices in Richmond upon Thames have increased by +2.0% over the past year.
Salaries in Richmond upon Thames
Annual Salary
Median and mean gross annual pay
Median£50,541
Mean£58,344
Median hourly rate£24.84/hr
Salary Range
Lower and upper quartile earnings
Lower quartile (25th)£34,476
Upper quartile (75th)£69,870
vs UK National Median (£39,039)
+29.5%
£11,502 above national averageMonthly Cost of Living in Richmond upon Thames
Estimated Monthly Breakdown
What it costs to live in Richmond upon Thames each month, based on averages from ONS and open data sources.
| Category | Item | Monthly Cost |
|---|---|---|
| Housing | Rent(Average monthly rent) | £1,983 |
| Housing | Council Tax(Band D, paid over 12 months) | £165 |
| Utilities | Energy(Gas and electricity) | £152 |
| Utilities | Water | £35.00 |
| Utilities | Broadband | £34.00 |
| Transport | Transport(Monthly commute estimate) | £226 |
| Food | Groceries(Estimated monthly shop) | £324 |
| Leisure | Leisure(Gym, dining out, entertainment) | £184 |
| Estimated Total | £3,103 |
These figures are estimates based on averages and may vary depending on your lifestyle, property type, and household size. Council tax shown at Band D; your band may differ.
Transport Costs in Richmond upon Thames
Monthly Bus Pass
Standard adult monthly bus pass
£87.30
Fuel per Litre
Average petrol price per litre
£1.73
Monthly Commute
Estimated monthly commuting cost
£226
Compare Richmond upon Thames with Another Location
See how the cost of living in Richmond upon Thames stacks up against other UK cities and towns.
Richmond upon Thames vs London
Richmond upon Thames vs Manchester
Richmond upon Thames vs Birmingham
Richmond upon Thames vs Edinburgh
Frequently Asked Questions About Living in Richmond upon Thames
- What is the average house price in Richmond upon Thames?
- The average house price in Richmond upon Thames is £534,470, based on HM Land Registry data for 2025-12-01. Detached homes average £989,400, while flats and apartments average £426,800. Prices have risen by +2.0% over the past year.
- What is the average salary in Richmond upon Thames?
- The median annual salary in Richmond upon Thames is £50,541, compared to the UK national median of £39,039. This is £11,502 above the national average, making it a higher-earning area. Salaries typically range from £34,476 (lower quartile) to £69,870 (upper quartile).
- How much does it cost to rent in Richmond upon Thames?
- Average monthly rent in Richmond upon Thames is £1,983 per month. Rents have decreased by +0.9% over the past year.
- Is Richmond upon Thames an affordable place to live?
- Richmond upon Thames is expensive relative to local earnings. Rent accounts for approximately 47% of the median monthly income, significantly above the 30% affordability threshold. The average monthly rent is £1,983, while the median annual salary is £50,541 (approximately £4,212 per month before tax).
- How does Richmond upon Thames compare to London?
- The average house price in Richmond upon Thames is £534,470, compared to approximately £551,000 in London. Property in Richmond upon Thames costs around 97% of London prices, making it £16,530 cheaper on average. Rent is also more affordable, at £1,983 per month versus approximately £2,253 in London.
- Are house prices rising or falling in Richmond upon Thames?
- House prices in Richmond upon Thames are currently rising, with a +2.0% increase over the past year. The current average price of £534,470 reflects data from 2025-12-01. As with all property markets, past performance does not guarantee future changes.
Nearby Locations
Explore the cost of living in other nearby areas.