Richboro, PA
Population 7,033 · Pennsylvania
About Richboro, PA
Richboro is a small town located in Pennsylvania with a population of 7,033 residents according to the latest US Census Bureau American Community Survey data. The median household income is $153,691 per year, which is 105% above the national median of $75,149. The median age of 52.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Richboro features a median home value of $519,100, which is 112% above the national median of $244,900. This places Richboro in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,991, 71% above the national average of $1,163/month. Of the 2,621 total housing units, 98% are owner-occupied (2,515 units) and 2% are renter-occupied (57 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Richboro shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Richboro have an average one-way commute time of 27.3 minutes.
Education & Demographics
58.1% of Richboro residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.3% White, 0.8% Hispanic or Latino, 2.0% Black or African American, and 1.0% Asian residents, with 8.6% of the population being foreign-born.
How Richboro Ranks in Pennsylvania
Cost of Living in Richboro, PA
Compared to national averages, Richboro has a median household income of $153,691 (105% above the national median of $75,149). Home values average $519,100, which is 112% above the national median. Monthly rent at $1,991 is 71% above the US average of $1,163. Within Pennsylvania, Richboro's income is 109% above the state average of $73,376, and home values are 172% above the state median of $190,903.
Why Live in Richboro, PA?
Richboro offers a strong local economy with a median household income of $153,691, well above the national average, and a strong job market with an unemployment rate of just 2.5%, and a well-educated community where 58.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $519,100. However, Richboro’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Richboro has a population of 7,033 with a median age of 52.7 years. Compare Richboro with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Richboro
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Plymouth Meeting | 6,990 | $109,706 | $478,500 | Compare |
| Rutherford | 6,982 | $77,306 | $189,300 | Compare |
| Lionville | 7,091 | $96,381 | $424,200 | Compare |
| Natrona Heights | 6,955 | $71,167 | $146,800 | Compare |
| Tamaqua | 6,922 | $44,803 | $78,500 | Compare |
| Connellsville | 6,914 | $47,176 | $117,200 | Compare |
| Ambridge | 6,912 | $50,978 | $94,000 | Compare |
| Wescosville | 7,156 | $124,719 | $428,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Richboro With Other Cities
Frequently Asked Questions about Richboro
What is the population of Richboro, PA?
The population of Richboro, PA is 7,033 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Richboro?
The median household income in Richboro, PA is $153,691 per year, which is 105% above the national median of $75,149.
What is the median home value in Richboro?
The median home value in Richboro, PA is $519,100, which is 112% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Richboro?
The median monthly rent in Richboro, PA is $1,991, which is 71% above the national average of $1,163/month.
What is the unemployment rate in Richboro?
The unemployment rate in Richboro, PA is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Richboro, PA a good place to live?
Richboro offers above-average incomes, a competitive housing market, and a strong job market. With a population of 7,033 and a median age of 52.7, the city appeals to established professionals and retirees.
How educated is Richboro, PA?
58.1% of residents in Richboro aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Richboro?
Key cost-of-living indicators for Richboro, PA: median home value is $519,100 (112% above national), median rent is $1,991/month, and median household income is $153,691. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Richboro?
The poverty rate in Richboro, PA is 0.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Richboro, PA?
Richboro's population is 0.3% White, 0.8% Hispanic or Latino, 2.0% Black or African American, 1.0% Asian, and 0.0% two or more races. 8.6% of residents are foreign-born.