Richmond, TX
Population 12,117 · Texas
About Richmond, TX
Richmond is a mid-sized city located in Texas with a population of 12,117 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,564 per year, which is 9% below the national median of $75,149. The median age of 34.7 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 Richmond features a median home value of $229,800, which is 6% below the national median of $244,900. This positions Richmond in a moderately priced market relative to the rest of the country. Median monthly rent is $1,248, 7% above the national average of $1,163/month. Of the 4,716 total housing units, 60% are owner-occupied (2,664 units) and 40% are renter-occupied (1,768 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 5.8%, 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 27 minutes.
Education & Demographics
20.3% of Richmond residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 38.8% White, 1.1% Hispanic or Latino, 0.0% Black or African American, and 7.3% Asian residents, with 15.0% of the population being foreign-born.
Cost of Living in Richmond, TX
Compared to national averages, Richmond has a median household income of $68,564 (9% below the national median of $75,149). Home values average $229,800, which is 6% below the national median. Monthly rent at $1,248 is 7% above the US average of $1,163. Within Texas, Richmond's income is 6% below the state average of $72,726, and home values are 9% above the state median of $211,769.
Why Live in Richmond, TX?
Richmond offers affordable housing with a median home value of $229,800, below the US average of $244,900.
Potential considerations include median household income ($68,564) that falls below the national average. However, Richmond’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Richmond has a population of 12,117 with a median age of 34.7 years. Compare Richmond with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Richmond
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hornsby Bend | 12,021 | $88,317 | $279,000 | Compare |
| El Campo | 12,220 | $67,356 | $183,400 | Compare |
| Fort Bliss | 12,009 | $55,267 | $0 | Compare |
| Webster | 12,283 | $62,536 | $284,900 | Compare |
| Borger | 12,398 | $59,031 | $90,000 | Compare |
| Levelland | 12,565 | $51,847 | $126,200 | Compare |
| Granbury | 11,665 | $68,839 | $278,700 | Compare |
| Lantana | 12,583 | $200,147 | $542,200 | 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 Richmond With Other Cities
Frequently Asked Questions about Richmond
What is the population of Richmond, TX?
The population of Richmond, TX is 12,117 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Texas.
What is the median household income in Richmond?
The median household income in Richmond, TX is $68,564 per year, which is 9% below the national median of $75,149.
What is the median home value in Richmond?
The median home value in Richmond, TX is $229,800, which is 6% below 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, TX is $1,248, which is 7% above the national average of $1,163/month.
What is the unemployment rate in Richmond?
The unemployment rate in Richmond, TX is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Richmond, TX a good place to live?
Richmond offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 12,117 and a median age of 34.7, the city appeals to young professionals and families.
How educated is Richmond, TX?
20.3% 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, TX: median home value is $229,800 (6% below national), median rent is $1,248/month, and median household income is $68,564. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Richmond?
The poverty rate in Richmond, TX 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, TX?
Richmond's population is 38.8% White, 1.1% Hispanic or Latino, 0.0% Black or African American, 7.3% Asian, and 23.6% two or more races. 15.0% of residents are foreign-born.