Richardson, TX
Population 118,269 · Texas
About Richardson, TX
Richardson is a major city located in Texas with a population of 118,269 residents according to the latest US Census Bureau American Community Survey data. The median household income is $96,257 per year, which is 28% above the national median of $75,149. The median age of 34 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Richardson features a median home value of $405,600, which is 66% above the national median of $244,900. This places Richardson in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,825, 57% above the national average of $1,163/month. Of the 47,827 total housing units, 51% are owner-occupied (23,104 units) and 49% are renter-occupied (22,340 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Richardson shows an unemployment rate of 4.8%, which is near the national rate of 3.7%. The poverty rate stands at 10.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Richardson have an average one-way commute time of 23.9 minutes.
Education & Demographics
56.2% of Richardson 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 13.1% White, 1.3% Hispanic or Latino, 0.5% Black or African American, and 3.6% Asian residents, with 22.8% of the population being foreign-born.
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.
Compare Richardson With Other Cities
Frequently Asked Questions about Richardson
What is the population of Richardson, TX?
The population of Richardson, TX is 118,269 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in Texas.
What is the median household income in Richardson?
The median household income in Richardson, TX is $96,257 per year, which is 28% above the national median of $75,149.
What is the median home value in Richardson?
The median home value in Richardson, TX is $405,600, which is 66% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Richardson?
The median monthly rent in Richardson, TX is $1,825, which is 57% above the national average of $1,163/month.
What is the unemployment rate in Richardson?
The unemployment rate in Richardson, TX is 4.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Richardson, TX a good place to live?
Richardson offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 118,269 and a median age of 34, the city appeals to young professionals and families.
How educated is Richardson, TX?
56.2% of residents in Richardson 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 Richardson?
Key cost-of-living indicators for Richardson, TX: median home value is $405,600 (66% above national), median rent is $1,825/month, and median household income is $96,257. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Richardson?
The poverty rate in Richardson, TX is 10.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Richardson, TX?
Richardson's population is 13.1% White, 1.3% Hispanic or Latino, 0.5% Black or African American, 3.6% Asian, and 12.6% two or more races. 22.8% of residents are foreign-born.