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Richmond, Texas

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
12,582
Population
$50,337
Median Income
$231,500
Home Value
36.6
Median Age

Demographics

Richmond has a population of 12,582 with a median age of 36.6. Here is the racial and ethnic breakdown of the population:

Hispanic
49.0%
White
32.5%
Black
23.1%
Asian
4.6%
Demographic Value
Total Population12,582
Median Age36.6
White32.5%
Black or African American23.1%
Asian4.6%
Hispanic or Latino49.0%
Richmond, Texas — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 109.Hispanic/Latino: 44.9%White: 29.8%Black: 21.2%Asian: 4.2%12,582PopulationHispanic/LatinoHispanic/Latino44.9%WhiteWhite29.8%BlackBlack21.2%AsianAsian4.2%

Income & Economy

The median household income in Richmond is $50,337, which is 37.6% below the national median of $80,610. The per capita income is $28,926. The poverty rate is 15.7%.

$50,337
Median Household Income
$28,926
Per Capita Income
15.7%
Poverty Rate

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Education

In Richmond, 76.2% of residents age 25+ have a high school diploma or higher, and 18.9% hold a bachelor's degree or higher (9.4% with a graduate or professional degree).

HS Diploma+
76.2%
Bachelor's+
18.9%
Graduate+
9.4%
Education Level % of Adults (25+)
High School Diploma or Higher76.2%
Bachelor's Degree or Higher18.9%
Graduate or Professional Degree9.4%

Housing

The median home value in Richmond is $231,500, below the national median of $303,400. The median monthly rent is $1,319. The homeownership rate is 53.5%.

$231,500
Median Home Value
$1,319/mo
Median Rent
53.5%
Homeownership Rate
Housing Metric Value
Median Home Value$231,500
Median Monthly Rent$1,319
Homeownership Rate53.5%
Vacancy Rate6.1%

Salaries in Texas

Explore salary data for popular occupations in Texas:

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Frequently Asked Questions

What is the population of Richmond, Texas?
The population of Richmond, Texas is 12,582 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Richmond, Texas?
The median household income in Richmond, Texas is $50,337. This is 37.6% below the national median of $80,610.
What is the median home value in Richmond, Texas?
The median home value in Richmond, Texas is $231,500. The median monthly rent is $1,319.
What percentage of people in Richmond have a college degree?
In Richmond, Texas, 18.9% of adults age 25 and older hold a bachelor's degree or higher, and 76.2% have a high school diploma or higher.
Is Richmond, Texas an affordable place to live?
The home price-to-income ratio in Richmond, Texas is 4.6x (median home value $231,500 vs. median income $50,337), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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