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Economy, jobs and prices in Richardson, Texas: official figures

The median household income in Richardson was $98,111 a year in the 2020-2024 American Community Survey (in 2024 dollars), 240th highest of 823 US cities of 50,000 or more; the US median was $80,734 and the Texas median $78,476.

Median household income
$98,111
2020-2024
Unemployment rate (ACS)
5.0%
2020-2024
Mean travel time to work
23.6 min
2020-2024
Median gross rent (monthly)
$1,857
2020-2024
Median home value (owner-occupied)
$431,400
2020-2024
Homes occupied by their owners
50.7%
2020-2024
Households with a broadband subscription
94.9%
2020-2024

What is the per capita income in Richardson?

Income per resident (per capita income) in Richardson averaged $51,863 a year in 2020-2024, 193rd highest of 823 US cities of 50,000 or more (US: $44,673; Texas: $40,752).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Richardson?

Richardson's Gini index of household income inequality was 0.454 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 350th most unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Richardson, Texas?

5.0% of the civilian labor force in Richardson was unemployed on average over 2020-2024 (3,418 people), 366th lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Texas' 5.3%.

Source: U.S. Census Bureau · saved copy

What share of people in Richardson are working?

70.3% of Richardson's 97,214 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 136th highest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Richardson have jobs?

64,851 residents of Richardson held civilian jobs, 66.7% of those aged 16 and over (US: 59.7%), and 95 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Richardson?

The largest industry group for working residents of Richardson was education, health care and social assistance (21.9% of employed residents), followed by professional, scientific, management and administrative services (17.9%) and finance, insurance and real estate (12.2%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Richardson work in manufacturing?

Manufacturing employed 8.1% of working residents of Richardson, 350th lowest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 17.9% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Richardson, Texas?

Commuters in Richardson took 23.6 minutes on average to get to work in 2020-2024, 341st shortest of 823 US cities of 50,000 or more (US: 26.4 minutes); 3.6% travelled an hour or more and 25.3% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Richardson get to work?

24.9% of workers living in Richardson worked from home in 2020-2024, 107th highest of 823 US cities of 50,000 or more (US: 15.1%). 61.5% drove to work alone, 7.0% carpooled, 1.8% used public transport and 2.9% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Richardson, Texas?

The median gross rent (rent plus utilities) in Richardson was $1,857 a month in 2020-2024, 238th highest of 823 US cities of 50,000 or more (US: $1,413; Texas: $1,403).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Richardson?

Owner-occupied homes in Richardson had a median value of $431,400 in 2020-2024 as estimated by their owners, 346th highest of 823 US cities of 50,000 or more (US: $332,700; Texas: $283,800).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Richardson?

The median home value in Richardson was 4.4 times the median household income, 372nd lowest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Richardson, Texas own their home?

50.7% of the 45,818 occupied homes in Richardson were lived in by their owners in 2020-2024 and 22,572 were rented, 225th lowest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; Texas: 62.6%).

Source: U.S. Census Bureau · saved copy

What share of homes in Richardson have broadband?

94.9% of households in Richardson had a broadband internet subscription of some type in 2020-2024, 199th highest of 823 US cities of 50,000 or more (US: 91.0%; Texas: 91.4%).

Source: U.S. Census Bureau · saved copy

How many households in Richardson have no internet?

2.1% of households in Richardson (966) had no internet access at home in 2020-2024, 89th lowest of 823 US cities of 50,000 or more (US: 6.5%); 6.3% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Richardson compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Richardson ranks 240 of 823, highest first.

RankCityMedian household income (2024 dollars)
237Beaverton$98,622
238Livonia$98,460
239Clifton$98,237
240Richardson$98,111
241Millcreek$98,045
242Auburn$97,884
243Des Plaines$97,875
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Richardson ranks 193 of 823, highest first.

RankCityPer capita income (2024 dollars)
190Concord$51,973
191St. Petersburg$51,961
192Queen Creek$51,903
193Richardson$51,863
194New York$51,844
195Charlotte$51,814
196South Jordan$51,766
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Richardson ranks 350 of 823, highest first.

RankCityGini index of household income inequality
347Harrisonburg0.454
348La Crosse0.454
349Diamond Bar0.454
350Richardson0.454
351Roswell0.454
352Clifton0.454
353Revere0.453
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Richardson ranks 458 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
455Phoenix5.0%
456Lake Havasu City5.0%
457Bryan5.0%
458Richardson5.0%
459Lynn5.0%
460Burnsville5.0%
461Caldwell5.0%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Richardson ranks 136 of 823, highest first.

RankCityLabor force participation rate (16 and over)
133Arlington70.4%
134Bothell70.4%
135Coral Springs70.3%
136Richardson70.3%
137Midland70.3%
138Madison70.3%
139Oak Park70.2%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Richardson ranks 483 of 823, highest first.

RankCityMean travel time to work (minutes)
480Bakersfield23.6
481Lakeville23.6
482Cupertino23.6
483Richardson23.6
484Porterville23.5
485San Diego23.5
486Perth Amboy23.5
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Richardson ranks 107 of 823, highest first.

RankCityWorkers who worked from home
104Milpitas25.2%
105Beaverton25.1%
106Arlington Heights25.1%
107Richardson24.9%
108Bend24.8%
109Portland24.8%
110Round Rock24.8%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Richardson ranks 291 of 823, highest first.

RankCityWorkers commuting by public transportation
288Fall River1.8%
289Southfield1.8%
290Hammond1.8%
291Richardson1.8%
292Lacey1.8%
293Petaluma1.8%
294Kansas City1.8%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Richardson ranks 474 of 823, highest first.

RankCityEmployed residents working in manufacturing
471Wylie8.2%
472Saratoga Springs8.2%
473Hoover8.1%
474Richardson8.1%
475Texas City8.1%
476Visalia8.1%
477Watsonville8.1%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Richardson ranks 517 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
514Manteca21.9%
515Broomfield21.9%
516Union City21.9%
517Richardson21.9%
518Stockton21.8%
519Sandy21.8%
520Denver21.8%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Richardson ranks 238 of 823, highest first.

RankCityMedian gross rent per month
235Pearland$1,860
236Dunwoody$1,859
237Cape Coral$1,858
238Richardson$1,857
239El Cajon$1,856
240Fort Lauderdale$1,854
241Danbury$1,846
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Richardson ranks 346 of 823, highest first.

RankCityMedian value of owner-occupied homes
343Yuba City$434,600
344Taylorsville$433,800
345San Jacinto$433,700
346Richardson$431,400
347Plainfield$431,400
348Hendersonville$430,700
349Sugar Land$430,200
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Richardson ranks 449 of 820, highest first.

RankCityMedian home value as a multiple of median household income
446Methuen4.4x
447Spring Hill4.4x
448Roswell4.4x
449Richardson4.4x
450Pinellas Park4.4x
451Pasco4.4x
452Alpharetta4.4x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Richardson ranks 599 of 823, highest first.

RankCityOccupied homes lived in by their owners
596Gaithersburg50.8%
597Vancouver50.8%
598Raleigh50.7%
599Richardson50.7%
600Alameda50.7%
601Akron50.7%
602West Haven50.6%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Richardson ranks 199 of 823, highest first.

RankCityHouseholds with a broadband subscription
196Eagan94.9%
197Ontario94.9%
198O'Fallon94.9%
199Richardson94.9%
200Port St. Lucie94.9%
201Garland94.9%
202Simi Valley94.9%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Richardson ranks 735 of 823, highest first.

RankCityHouseholds with no internet access
732Sunnyvale2.1%
733Gilroy2.1%
734Wellington2.1%
735Richardson2.1%
736Fontana2.1%
737Milpitas2.1%
738Allen2.1%
Source: U.S. Census Bureau · saved copy

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Sources

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