Living in Richwood, Louisiana
Cost of living, income, home prices, rent and demographics of Richwood · Census data 2020–2024
Richwood has 3,839 residents with a median age of 34.3. The median household income is $31,680 (48% lower than the Louisiana median), the median home value is $53,000, the median rent is $978/month.
Richwood at a glance
- Population
- 3,839
- Median age
- 34.3State: 38
- Median household income
- $31,680State: $60,756
- Median home value
- $53,000State: $216,500
- Median rent
- $978/moState: $1,064
- Homeowners
- 30.3%
- Bachelor's degree or higher
- 6.1%
- Average commute
- 19 min
Is Richwood a good place to live?
Pros: Home values 76% lower than the state median; an average commute of 19 minutes.
Cons: Median household income 48% lower than the Louisiana median; unemployment of 9.1%; a poverty rate of 39.1%.
The weather is best in March to May and October.
Cost of living in Richwood
Housing is the biggest part of the cost of living. In Richwood the median home value is $53,000, 84% lower than the U.S. median. Renters pay a median of $978 per month, which is 41.9% of household income. Homeowners with a mortgage pay — a month in housing costs.
Richwood median household income
The median household income in Richwood is $31,680 and the income per person is $10,456. 39.1% of residents live below the poverty line (Louisiana: 18.9%).
Housing in Richwood: homes for sale and rent
- Housing units
- 861
- Owner-occupied
- 30.3%
- Renter-occupied
- 69.7%
- Vacant
- 7.9%Includes seasonal homes
- Median year built
- 1989
- Average household size
- 2.91
Richwood demographics
- Population
- 3,839
- Median age
- 34.3
- Under 18
- 22%
- 65 and older
- 6.5%
- Households
- 793
- Foreign-born
- 0.5%
- Veterans
- 3.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Richwood ›
Education in Richwood
6.1% of adults 25 and older in Richwood have a bachelor's degree or higher (Louisiana: 27%), and 0.8% have a graduate or professional degree.
Jobs and commute in Richwood
- Unemployment rate
- 9.1%State: 6.3%
- Average commute
- 19 minState: 26 min
- Work from home
- 11.3%
- Drive alone
- 71.7%
- Public transit
- 1.3%
- Walk to work
- 2.8%
- Homes with broadband
- 79.6%
Richwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Richwood | 3,839 | $31,680 | $53,000 | $978 |
| Monroe | 47,004 | $40,505 | $198,900 | $886 |
| Brownsville | 4,357 | $35,526 | $74,700 | $857 |
| Bawcomville | 2,804 | $24,929 | $61,500 | $945 |
| West Monroe | 12,729 | $49,386 | $192,400 | $826 |
| Lakeshore | 3,437 | $48,214 | $166,800 | $1,061 |
| Claiborne | 13,308 | $72,420 | $219,200 | $1,206 |
| Swartz | 4,110 | $67,287 | $199,800 | $1,150 |
| Start | 852 | $110,278 | $162,100 | — |
More for people moving to Richwood
Richwood ZIP code ›Weather and climate ›Living in Richwood: FAQ
What is the median household income in Richwood, LA?
The median household income in Richwood is $31,680, 48% lower than the Louisiana median of $60,756 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Richwood?
The median home value in Richwood is $53,000, compared with $216,500 in Louisiana.
How much is rent in Richwood?
The median gross rent in Richwood is $978 per month, about 41.9% of household income.
Is Richwood, LA a good place to live?
Pluses: home values 76% lower than the state median; an average commute of 19 minutes. Minuses: median household income 48% lower than the Louisiana median; unemployment of 9.1%; a poverty rate of 39.1%.
What is the median age in Richwood?
The median age in Richwood is 34.3 years (Louisiana: 38).
How long is the commute in Richwood?
The average commute to work in Richwood is 19 minutes; 11.3% of workers work from home.
What is the unemployment rate in Richwood?
The unemployment rate in Richwood is 9.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Richwood?
6.1% of adults in Richwood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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