Living in Richland, Texas
Cost of living, income, home prices, rent and demographics of Richland · Census data 2020–2024
Richland has 353 residents with a median age of 48. The median household income is $56,667 (28% lower than the Texas median), the median home value is $68,900.
Richland is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Richland at a glance
- Population
- 353
- Median age
- 48State: 35.6
- Median household income
- $56,667State: $78,476
- Median home value
- $68,900State: $283,800
- Homeowners
- 73.2%
- Bachelor's degree or higher
- 18.8%
- Average commute
- 39 min
Is Richland a good place to live?
Pros: Home values 76% lower than the state median.
Cons: Median household income 28% lower than the Texas median; an average commute of 39 minutes; a poverty rate of 17.3%.
The weather is best in March to May and October.
Cost of living in Richland
Housing is the biggest part of the cost of living. In Richland the median home value is $68,900, 79% lower than the U.S. median. Renters pay a median of — per month, which is 37.1% of household income. Homeowners with a mortgage pay $1,450 a month in housing costs.
Richland median household income
The median household income in Richland is $56,667 and the income per person is $27,369. 17.3% of residents live below the poverty line (Texas: 13.8%).
Housing in Richland: homes for sale and rent
- Housing units
- 174
- Owner-occupied
- 73.2%
- Renter-occupied
- 26.8%
- Vacant
- 18.4%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.49
Richland demographics
- Population
- 353
- Median age
- 48
- Under 18
- 22.7%
- 65 and older
- 15%
- Households
- 142
- Foreign-born
- 2%
- Veterans
- 8.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Richland ›
Education in Richland
18.8% of adults 25 and older in Richland have a bachelor's degree or higher (Texas: 33.8%), and 2.1% have a graduate or professional degree.
Jobs and commute in Richland
- Unemployment rate
- 0%State: 5.3%
- Average commute
- 39 minState: 27 min
- Work from home
- 8.1%
- Drive alone
- 91.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 73.9%
Richland vs nearby towns
More for people moving to Richland
Richland ZIP code ›Weather and climate ›Living in Richland: FAQ
What is the median household income in Richland, TX?
The median household income in Richland is $56,667, 28% lower than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Richland?
The median home value in Richland is $68,900, compared with $283,800 in Texas.
Is Richland, TX a good place to live?
Pluses: home values 76% lower than the state median. Minuses: median household income 28% lower than the Texas median; an average commute of 39 minutes; a poverty rate of 17.3%.
What is the median age in Richland?
The median age in Richland is 48 years (Texas: 35.6).
How long is the commute in Richland?
The average commute to work in Richland is 39 minutes; 8.1% of workers work from home.
What is the unemployment rate in Richland?
The unemployment rate in Richland is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Richland?
18.8% of adults in Richland 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.
Last updated: