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

The median household income in Richmond was $95,391 a year in the 2020-2024 American Community Survey (in 2024 dollars), 268th highest of 823 US cities of 50,000 or more; the US median was $80,734 and the California median $99,122.

Median household income
$95,391
2020-2024
Unemployment rate (ACS)
8.3%
2020-2024
Mean travel time to work
34.2 min
2020-2024
Median gross rent (monthly)
$1,960
2020-2024
Median home value (owner-occupied)
$668,200
2020-2024
Homes occupied by their owners
54.7%
2020-2024
Households with a broadband subscription
93.0%
2020-2024

What is the per capita income in Richmond?

Income per resident (per capita income) in Richmond averaged $43,743 a year in 2020-2024, 334th highest of 823 US cities of 50,000 or more (US: $44,673; California: $49,513).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Richmond?

Richmond's Gini index of household income inequality was 0.452 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 369th 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 Richmond, California?

8.3% of the civilian labor force in Richmond was unemployed on average over 2020-2024 (5,277 people), 69th highest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and California's 6.6%.

Source: U.S. Census Bureau · saved copy

What share of people in Richmond are working?

66.7% of Richmond's 94,903 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 340th highest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Richmond have jobs?

57,932 residents of Richmond held civilian jobs, 61.0% of those aged 16 and over (US: 59.7%), and 89 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Richmond?

The largest industry group for working residents of Richmond was education, health care and social assistance (21.9% of employed residents), followed by professional, scientific, management and administrative services (15.8%) and retail trade (10.2%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Richmond work in manufacturing?

Manufacturing employed 6.0% of working residents of Richmond, 169th lowest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 15.8% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Richmond, California?

Commuters in Richmond took 34.2 minutes on average to get to work in 2020-2024, 45th longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 18.3% travelled an hour or more and 14.7% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Richmond get to work?

14.0% of workers living in Richmond worked from home in 2020-2024, 390th highest of 823 US cities of 50,000 or more (US: 15.1%). 60.3% drove to work alone, 13.6% carpooled, 8.2% used public transport and 1.4% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Richmond, California?

The median gross rent (rent plus utilities) in Richmond was $1,960 a month in 2020-2024, 181st highest of 823 US cities of 50,000 or more (US: $1,413; California: $2,036).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Richmond?

Owner-occupied homes in Richmond had a median value of $668,200 in 2020-2024 as estimated by their owners, 137th highest of 823 US cities of 50,000 or more (US: $332,700; California: $734,700).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Richmond?

The median home value in Richmond was 7.0 times the median household income, 123rd highest 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 Richmond, California own their home?

54.7% of the 40,806 occupied homes in Richmond were lived in by their owners in 2020-2024 and 18,485 were rented, 320th lowest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; California: 55.9%).

Source: U.S. Census Bureau · saved copy

What share of homes in Richmond have broadband?

93.0% of households in Richmond had a broadband internet subscription of some type in 2020-2024, 379th highest of 823 US cities of 50,000 or more (US: 91.0%; California: 93.5%).

Source: U.S. Census Bureau · saved copy

How many households in Richmond have no internet?

5.0% of households in Richmond (2,034) had no internet access at home in 2020-2024, 387th highest of 823 US cities of 50,000 or more (US: 6.5%); 12.9% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Richmond compares with other cities in the United States

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

Richmond ranks 268 of 823, highest first.

RankCityMedian household income (2024 dollars)
265Oxnard$96,212
266Peoria$95,815
267Richland$95,813
268Richmond$95,391
269Chesapeake$95,373
270Skokie$95,337
271Anaheim$95,227
Source: U.S. Census Bureau · saved copy

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

Richmond ranks 334 of 823, highest first.

RankCityPer capita income (2024 dollars)
331Lexington$43,790
332Wylie$43,785
333Columbus$43,783
334Richmond$43,743
335Little Rock$43,712
336Omaha$43,638
337Cheyenne$43,625
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Richmond ranks 369 of 823, highest first.

RankCityGini index of household income inequality
366Temple0.452
367Sioux Falls0.452
368Topeka0.452
369Richmond0.452
370Shoreline0.451
371Laredo0.451
372New Britain0.451
Source: U.S. Census Bureau · saved copy

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

Richmond ranks 69 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
66New Haven8.4%
67West New York8.4%
68Port Arthur8.4%
69Richmond8.3%
70Palmdale8.3%
71Decatur8.3%
72Memphis8.3%
Source: U.S. Census Bureau · saved copy

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

Richmond ranks 340 of 823, highest first.

RankCityLabor force participation rate (16 and over)
337Oxnard66.8%
338Fayetteville66.7%
339Anaheim66.7%
340Richmond66.7%
341Burbank66.7%
342Kissimmee66.7%
343Sanford66.7%
Source: U.S. Census Bureau · saved copy

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

Richmond ranks 45 of 823, highest first.

RankCityMean travel time to work (minutes)
42Corona34.3
43Pleasanton34.3
44Revere34.2
45Richmond34.2
46Vallejo34.2
47Santa Clarita34.1
48Deltona34.0
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Richmond ranks 390 of 823, highest first.

RankCityWorkers who worked from home
387Indianapolis14.0%
388Fort Worth14.0%
389Napa14.0%
390Richmond14.0%
391New Haven13.9%
392Grand Rapids13.9%
393Corona13.9%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Richmond ranks 45 of 823, highest first.

RankCityWorkers commuting by public transportation
42Stamford9.6%
43Clifton9.0%
44Lynn8.7%
45Richmond8.2%
46Buffalo8.1%
47San Leandro8.0%
48Newton7.7%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Richmond ranks 655 of 823, highest first.

RankCityEmployed residents working in manufacturing
652Killeen6.1%
653Framingham6.1%
654Rapid City6.0%
655Richmond6.0%
656Daly City6.0%
657Apple Valley6.0%
658Roseville6.0%
Source: U.S. Census Bureau · saved copy

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

Richmond ranks 511 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
508Tustin22.0%
509Cedar Rapids21.9%
510Kennewick21.9%
511Richmond21.9%
512Gastonia21.9%
513Coral Springs21.9%
514Manteca21.9%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Richmond ranks 181 of 823, highest first.

RankCityMedian gross rent per month
178Lehi$1,964
179Buckeye$1,963
180Delray Beach$1,961
181Richmond$1,960
182Sugar Land$1,957
183Goodyear$1,956
184Carson$1,956
Source: U.S. Census Bureau · saved copy

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

Richmond ranks 137 of 823, highest first.

RankCityMedian value of owner-occupied homes
134El Cajon$681,700
135Temecula$679,700
136Renton$672,600
137Richmond$668,200
138Broomfield$664,500
139Roseville$661,400
140Centennial$658,100
Source: U.S. Census Bureau · saved copy

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

Richmond ranks 120 of 820, highest first.

RankCityMedian home value as a multiple of median household income
117Paramount7.1x
118Hialeah7.1x
119Chula Vista7.0x
120Richmond7.0x
121Milpitas7.0x
122Burien7.0x
123Palm Desert7.0x
Source: U.S. Census Bureau · saved copy

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

Richmond ranks 504 of 823, highest first.

RankCityOccupied homes lived in by their owners
501Framingham54.8%
502Longview54.7%
503Madera54.7%
504Richmond54.7%
505Palo Alto54.6%
506Evansville54.6%
507Cicero54.6%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Richmond ranks 379 of 823, highest first.

RankCityHouseholds with a broadband subscription
376Hampton93.0%
377San Francisco93.0%
378Palmdale93.0%
379Richmond93.0%
380Anaheim93.0%
381Cape Coral92.9%
382Burien92.9%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Richmond ranks 387 of 823, highest first.

RankCityHouseholds with no internet access
384Lancaster5.0%
385Miramar5.0%
386Westminster5.0%
387Richmond5.0%
388Grand Junction5.0%
389Florissant5.0%
390Palm Coast5.0%
Source: U.S. Census Bureau · saved copy

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Sources

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