Richmond, CA
Population 115,396 · California
About Richmond, CA
Richmond is a major city located in California with a population of 115,396 residents according to the latest US Census Bureau American Community Survey data. The median household income is $90,038 per year, which is 20% above the national median of $75,149. The median age of 37.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Richmond features a median home value of $650,100, which is 165% above the national median of $244,900. This places Richmond in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,895, 63% above the national average of $1,163/month. Of the 42,257 total housing units, 53% are owner-occupied (21,253 units) and 47% are renter-occupied (19,213 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Richmond shows an unemployment rate of 7.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.6%, above the national average of 12.4%. Workers in Richmond have an average one-way commute time of 34.9 minutes.
Education & Demographics
32.5% of Richmond residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 28.9% White, 3.9% Hispanic or Latino, 0.6% Black or African American, and 17.3% Asian residents, with 34.5% of the population being foreign-born.
Cost of Living in Richmond, CA
Compared to national averages, Richmond has a median household income of $90,038 (20% above the national median of $75,149). Home values average $650,100, which is 165% above the national median. Monthly rent at $1,895 is 63% above the US average of $1,163. Within California, Richmond's income is 8% below the state average of $97,829, and home values are 1% below the state median of $653,874.
Why Live in Richmond, CA?
Richmond offers a strong local economy with a median household income of $90,038, well above the national average.
Potential considerations include a competitive housing market where the typical home costs $650,100. However, as a major city, Richmond provides access to a wide range of amenities and services.
Richmond has a population of 115,396 with a median age of 37.6 years. Compare Richmond with other cities to see how it stacks up, or explore all cities in California.
Similar Cities Near Richmond
Cities in California with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Antioch | 115,759 | $94,256 | $607,400 | Compare |
| East Los Angeles | 114,617 | $68,378 | $613,600 | Compare |
| Carlsbad | 114,500 | $139,326 | $1,156,900 | Compare |
| Downey | 111,793 | $87,400 | $728,500 | Compare |
| Murrieta | 111,621 | $109,780 | $606,900 | Compare |
| Fairfield | 119,985 | $102,321 | $592,500 | Compare |
| Berkeley | 120,223 | $108,558 | $1,351,100 | Compare |
| Costa Mesa | 110,538 | $110,073 | $1,054,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in California
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Richmond With Other Cities
Frequently Asked Questions about Richmond
What is the population of Richmond, CA?
The population of Richmond, CA is 115,396 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in California.
What is the median household income in Richmond?
The median household income in Richmond, CA is $90,038 per year, which is 20% above the national median of $75,149.
What is the median home value in Richmond?
The median home value in Richmond, CA is $650,100, which is 165% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Richmond?
The median monthly rent in Richmond, CA is $1,895, which is 63% above the national average of $1,163/month.
What is the unemployment rate in Richmond?
The unemployment rate in Richmond, CA is 7.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Richmond, CA a good place to live?
Richmond offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 115,396 and a median age of 37.6, the city appeals to a broad range of residents.
How educated is Richmond, CA?
32.5% of residents in Richmond aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Richmond?
Key cost-of-living indicators for Richmond, CA: median home value is $650,100 (165% above national), median rent is $1,895/month, and median household income is $90,038. The home-value-to-income ratio is 7.2x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Richmond?
The poverty rate in Richmond, CA is 13.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Richmond, CA?
Richmond's population is 28.9% White, 3.9% Hispanic or Latino, 0.6% Black or African American, 17.3% Asian, and 16.9% two or more races. 34.5% of residents are foreign-born.