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Economy, jobs and prices in Richmond, Canada: official figures

The median total income of households in Richmond was C$79,000 in 2020, as reported in the 2021 Census, joint 21st lowest of 69 Canadian cities and metropolitan areas on this site; the median for Canada was C$84,000.

Median household income (2020)
C$79,000
2020
Unemployment rate (Census, May 2021)
10.8%
2021

What is the median after-tax household income in Richmond?

After income taxes, the median household in Richmond had C$71,000 in 2020 (joint 25th lowest of 69 Canadian cities and metropolitan areas on this site; Canada: C$73,000).

Source: Statistics Canada · saved copy

What is the median salary in Richmond?

People in Richmond who worked full-year, full-time in 2020 had median employment income of C$61,600, 27th lowest of 69 Canadian cities and metropolitan areas on this site (Canada: C$63,600).

Source: Statistics Canada · saved copy

What was the unemployment rate in Richmond at the 2021 Census?

At the 2021 Census, taken in May 2021 during the COVID-19 pandemic, the unemployment rate in Richmond was 10.8%, joint 34th highest of 69 Canadian cities and metropolitan areas on this site, above the national 10.3%; 11,685 people aged 15 and over were looking for work.

Source: Statistics Canada · saved copy

What share of adults in Richmond work?

60.1% of people aged 15 and over in Richmond were in the labour force in May 2021 and 53.6% were employed, a participation rate 11th lowest of 69 Canadian cities and metropolitan areas on this site (Canada: 63.7% and 57.1%).

Source: Statistics Canada · saved copy

What industries do people in Richmond work in?

In 2021, 9.9% of the labour force in Richmond worked in health care and social assistance, 12.6% in retail trade, 5.6% in manufacturing and 10.4% in professional, scientific and technical services (Canada: 12.7%, 11.1%, 8.0% and 8.1%).

Source: Statistics Canada · saved copy

How do people in Richmond get to work?

Of employed residents of Richmond commuting to a usual or no fixed workplace in May 2021, 79.0% went by car, truck or van, 13.1% by public transit and 5.0% on foot; 26.3% of all employed residents worked at home (Canada: 7.7% by transit, 24.3% at home).

Source: Statistics Canada · saved copy

What is the unemployment rate in Richmond now?

In the three months July to September 2026, the Labour Force Survey put the seasonally adjusted unemployment rate in the Vancouver census metropolitan area, which includes Richmond, at 6.5%, joint 16th highest of 41 metropolitan areas in the survey, against 6.3% a year earlier and 6.5% for Canada; 63.5% of people aged 15 and over were employed.

Source: Statistics Canada · saved copy

How much is a house worth in Richmond?

Owners in Richmond valued their homes at a median C$990,000 in 2021, 10th highest of 69 Canadian cities and metropolitan areas on this site (Canada: C$472,000); median monthly shelter costs for owned dwellings were C$1,340 and 54.9% of owner households had a mortgage.

Source: Statistics Canada · saved copy

How much is rent in Richmond?

Renter households in Richmond paid median monthly shelter costs of C$1,640 in 2021, 7th highest of 69 Canadian cities and metropolitan areas on this site (Canada: C$1,070); 28.7% of households rented their home (Canada: 33.1%).

Source: Statistics Canada · saved copy

How Richmond compares with other cities in Canada

Median total household income, 2020 (2021 Census) (2020)

Richmond ranks 48 of 69, highest first.

RankCityMedian total household income, 2020 (2021 Census)
45HalifaxC$81,000
46WinnipegC$80,000
47BrantfordC$79,500
48RichmondC$79,000
49KingstonC$79,000
50Thunder BayC$77,500
51St. Catharines-NiagaraC$77,000
Source: Statistics Canada · saved copy

Median employment income of full-year, full-time workers, 2020 (2021 Census) (2020)

Richmond ranks 43 of 69, highest first.

RankCityMedian employment income of full-year, full-time workers, 2020 (2021 Census)
40VictoriaC$62,400
41KitchenerC$62,000
42TerrebonneC$62,000
43RichmondC$61,600
44KelownaC$60,800
45LondonC$60,400
46LavalC$60,400
Source: Statistics Canada · saved copy

Unemployment rate, census reference week of May 2021 (2021)

Richmond ranks 34 of 69, highest first.

RankCityUnemployment rate, census reference week of May 2021
31Kitchener11.0%
32Kitchener-Cambridge-Waterloo10.9%
33Saint John10.9%
34Richmond10.8%
35Guelph10.8%
36Burlington10.7%
37Chatham-Kent10.7%
Source: Statistics Canada · saved copy

Labour force participation rate, May 2021 (2021 Census) (2021)

Richmond ranks 59 of 69, highest first.

RankCityLabour force participation rate, May 2021 (2021 Census)
56Saint John60.7%
57Nanaimo60.3%
58Markham60.2%
59Richmond60.1%
60Saguenay59.9%
61Trois-Rivières58.8%
62Thunder Bay58.5%
Source: Statistics Canada · saved copy

Median value of owned dwellings, 2021 Census (2021)

Richmond ranks 10 of 69, highest first.

RankCityMedian value of owned dwellings, 2021 Census
7CoquitlamC$1,100,000
8SurreyC$1,000,000
9LangleyC$1,000,000
10RichmondC$990,000
11BurnabyC$980,000
12MiltonC$950,000
13SaanichC$930,000
Source: Statistics Canada · saved copy

Median monthly shelter costs for rented dwellings, 2021 Census (2021)

Richmond ranks 7 of 69, highest first.

RankCityMedian monthly shelter costs for rented dwellings, 2021 Census
4MarkhamC$1,940
5Richmond HillC$1,860
6BurlingtonC$1,660
7RichmondC$1,640
8MississaugaC$1,600
9AjaxC$1,600
10VancouverC$1,570
Source: Statistics Canada · saved copy

More on Richmond: overview · education and schools · poverty and living standards · all cities in Canada

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