Living in Richmond, Texas
Cost of living, income, home prices, rent and demographics of Richmond · Census data 2020–2024
Richmond has 12,582 residents with a median age of 36.6. The median household income is $50,337 (36% lower than the Texas median), the median home value is $231,500, the median rent is $1,319/month.
Richmond at a glance
- Population
- 12,582
- Median age
- 36.6State: 35.6
- Median household income
- $50,337State: $78,476
- Median home value
- $231,500State: $283,800
- Median rent
- $1,319/moState: $1,403
- Homeowners
- 53.5%
- Bachelor's degree or higher
- 18.9%
- Average commute
- 29 min
Is Richmond a good place to live?
Pros: Home values 18% lower than the state median.
Cons: Median household income 36% lower than the Texas median; an average commute of 29 minutes; unemployment of 7%; a poverty rate of 15.7%.
The weather is best in March–April and October–November.
Cost of living in Richmond
Housing is the biggest part of the cost of living. In Richmond the median home value is $231,500, 30% lower than the U.S. median. Renters pay a median of $1,319 per month, which is 46% of household income. Homeowners with a mortgage pay $1,889 a month in housing costs.
Richmond median household income
The median household income in Richmond is $50,337 and the income per person is $28,926. 15.7% of residents live below the poverty line (Texas: 13.8%).
Housing in Richmond: homes for sale and rent
- Housing units
- 5,063
- Owner-occupied
- 53.5%
- Renter-occupied
- 46.5%
- Vacant
- 6.1%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.40
Richmond demographics
- Population
- 12,582
- Median age
- 36.6
- Under 18
- 15.3%
- 65 and older
- 16.7%
- Households
- 4,756
- Foreign-born
- 18%
- Veterans
- 2.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Richmond ›
Education in Richmond
18.9% of adults 25 and older in Richmond have a bachelor's degree or higher (Texas: 33.8%), and 9.4% have a graduate or professional degree.
Jobs and commute in Richmond
- Unemployment rate
- 7%State: 5.3%
- Average commute
- 29 minState: 27 min
- Work from home
- 5.1%
- Drive alone
- 66%
- Public transit
- 0%
- Walk to work
- 0.9%
- Homes with broadband
- 88.2%
Richmond vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Richmond | 12,582 | $50,337 | $231,500 | $1,319 |
| Cumings | 2,535 | $136,147 | $319,300 | — |
| Pecan Grove | 24,272 | $131,937 | $383,500 | $1,507 |
| Rosenberg | 40,646 | $65,668 | $219,100 | $1,379 |
| Sugar Land | 110,016 | $136,217 | $430,200 | $1,957 |
| Pleak | 2,344 | $72,007 | $318,400 | $1,066 |
| Four Corners | 11,692 | $76,452 | $277,000 | $1,519 |
| Mission Bend | 36,586 | $67,282 | $233,800 | $1,747 |
| Fairchilds | 815 | $69,286 | $220,800 | $995 |
More for people moving to Richmond
Richmond ZIP code ›Weather and climate ›Living in Richmond: FAQ
What is the median household income in Richmond, TX?
The median household income in Richmond is $50,337, 36% 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 Richmond?
The median home value in Richmond is $231,500, compared with $283,800 in Texas.
How much is rent in Richmond?
The median gross rent in Richmond is $1,319 per month, about 46% of household income.
Is Richmond, TX a good place to live?
Pluses: home values 18% lower than the state median. Minuses: median household income 36% lower than the Texas median; an average commute of 29 minutes; unemployment of 7%; a poverty rate of 15.7%.
What is the median age in Richmond?
The median age in Richmond is 36.6 years (Texas: 35.6).
How long is the commute in Richmond?
The average commute to work in Richmond is 29 minutes; 5.1% of workers work from home.
What is the unemployment rate in Richmond?
The unemployment rate in Richmond is 7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Richmond?
18.9% of adults in Richmond 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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