Living in Richwood, West Virginia
Cost of living, income, home prices, rent and demographics of Richwood · Census data 2020–2024
Richwood has 2,403 residents with a median age of 46.2. The median household income is $30,833 (48% lower than the West Virginia median), the median home value is $70,000, the median rent is $682/month.
Richwood at a glance
- Population
- 2,403
- Median age
- 46.2State: 42.7
- Median household income
- $30,833State: $59,608
- Median home value
- $70,000State: $162,600
- Median rent
- $682/moState: $872
- Homeowners
- 82.8%
- Bachelor's degree or higher
- 16.9%
- Average commute
- 37 min
Is Richwood a good place to live?
Pros: Home values 57% lower than the state median.
Cons: Median household income 48% lower than the West Virginia median; an average commute of 37 minutes; unemployment of 13.5%; a poverty rate of 25.9%.
The weather is best in June to September.
Cost of living in Richwood
Housing is the biggest part of the cost of living. In Richwood the median home value is $70,000, 79% lower than the U.S. median. Renters pay a median of $682 per month, which is 51% of household income. Homeowners with a mortgage pay $1,378 a month in housing costs.
Richwood median household income
The median household income in Richwood is $30,833 and the income per person is $32,039. 25.9% of residents live below the poverty line (West Virginia: 16.7%).
Housing in Richwood: homes for sale and rent
- Housing units
- 1,231
- Owner-occupied
- 82.8%
- Renter-occupied
- 17.2%
- Vacant
- 27.4%Includes seasonal homes
- Median year built
- 1949
- Average household size
- 2.64
Richwood demographics
- Population
- 2,403
- Median age
- 46.2
- Under 18
- 16.9%
- 65 and older
- 26.5%
- Households
- 894
- Foreign-born
- 0.7%
- Veterans
- 11.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Richwood ›
Education in Richwood
16.9% of adults 25 and older in Richwood have a bachelor's degree or higher (West Virginia: 24.1%), and 4.5% have a graduate or professional degree.
Jobs and commute in Richwood
- Unemployment rate
- 13.5%State: 5.4%
- Average commute
- 37 minState: 27 min
- Work from home
- 4.7%
- Drive alone
- 71.3%
- Public transit
- 10.2%
- Walk to work
- 4%
- Homes with broadband
- 86.6%
Richwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Richwood | 2,403 | $30,833 | $70,000 | $682 |
| Craigsville | 2,190 | $39,943 | $83,500 | $611 |
| Camden-on-Gauley | 182 | $55,917 | $93,500 | — |
| Cowen | 485 | $27,708 | $52,100 | $675 |
| Quinwood | 221 | $36,250 | $77,300 | $782 |
| Tioga | 577 | $86,056 | — | — |
| Summersville | 3,373 | $56,571 | $230,000 | $395 |
| Hillsboro | 194 | $51,188 | — | — |
| Addison (Webster Springs) | 1,038 | $33,333 | $89,200 | $657 |
More for people moving to Richwood
Richwood ZIP code ›Weather and climate ›Living in Richwood: FAQ
What is the median household income in Richwood, WV?
The median household income in Richwood is $30,833, 48% lower than the West Virginia median of $59,608 (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 $70,000, compared with $162,600 in West Virginia.
How much is rent in Richwood?
The median gross rent in Richwood is $682 per month, about 51% of household income.
Is Richwood, WV a good place to live?
Pluses: home values 57% lower than the state median. Minuses: median household income 48% lower than the West Virginia median; an average commute of 37 minutes; unemployment of 13.5%; a poverty rate of 25.9%.
What is the median age in Richwood?
The median age in Richwood is 46.2 years (West Virginia: 42.7).
How long is the commute in Richwood?
The average commute to work in Richwood is 37 minutes; 4.7% of workers work from home.
What is the unemployment rate in Richwood?
The unemployment rate in Richwood is 13.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Richwood?
16.9% 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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