Richardson, TX
Population 118,269 · Texas
About Richardson, TX
Richardson is a major city in Texas with a population of 118,269 residents. The median household income is $96,257 per year, which is above the national average. The median age in Richardson is 34 years.
Housing in Richardson has a median home value of $405,600 and median monthly rent of $1,825. Of the 47,827 total housing units, the majority are owner-occupied, with 23,104 owner-occupied and 22,340 renter-occupied units.
The unemployment rate in Richardson is 4.8% and the poverty rate is 10.1%. 56.2% of residents hold a bachelor's degree or higher. The average commute time is 23.9 minutes.
How Richardson Ranks in Texas
Cost of Living in Richardson, TX
Compared to national averages, Richardson has a median household income of $96,257 (28% above the national median of $75,149). Home values average $405,600, which is 66% above the national median. Monthly rent at $1,825 is 57% above the US average of $1,163. Within Texas, Richardson's income is 32% above the state average of $72,726, and home values are 92% above the state median of $211,769.
Why Live in Richardson, TX?
Richardson offers a strong local economy with a median household income of $96,257, well above the national average, and a well-educated community where 56.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 10.1%, better than the national average. Additionally, the city features short commute times averaging just 23.9 minutes.
Potential considerations include a competitive housing market where the typical home costs $405,600. However, as a major city, Richardson provides access to a wide range of amenities and services.
Richardson has a population of 118,269 with a median age of 34 years. Compare Richardson with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Richardson
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| The Woodlands | 116,916 | $141,353 | $479,400 | Compare |
| League City | 114,885 | $119,870 | $334,000 | Compare |
| College Station | 122,280 | $51,776 | $326,500 | Compare |
| Odessa | 114,080 | $73,030 | $208,000 | Compare |
| Beaumont | 113,710 | $57,530 | $158,800 | Compare |
| Round Rock | 124,288 | $97,187 | $383,700 | Compare |
| Pearland | 125,983 | $112,470 | $330,900 | Compare |
| Sugar Land | 109,735 | $137,511 | $406,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Richardson
What is the population of Richardson, TX?
The population of Richardson, TX is 118,269 according to the latest Census data.
What is the median household income in Richardson?
The median household income in Richardson, TX is $96,257 per year.
What is the median home value in Richardson?
The median home value in Richardson, TX is $405,600.
What is the average rent in Richardson?
The median monthly rent in Richardson, TX is $1,825.
What is the unemployment rate in Richardson?
The unemployment rate in Richardson, TX is 4.8%.