Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Health & Safety
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Richmond is a moderately-sized city located in the state of Texas. The city has a population of 12,592 inhabitants. More than a quarter of the residents of Richmond identify themselves as Hispanic or Latino, and 37% of the population speak Spanish as their primary or secondary language. All the single ladies and all the single fellas might want to take notice as only 45% of the Richmond population is married. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Richmond your home, your one-way commute time will typically last around 24 minutes, a duration that aligns with the national average commute time of 26 minutes.
If you’re considering moving to any new city, it could be a very intimidating task. However, it could also be a great experience if you are willing to get to know the town before actually living in Richmond, Texas. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. The best areas in Richmond and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, cost of living, commute, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Texas and national averages.
Richmond has a livability score of 71 out of 100 and is ranked #267 in Texas and #5,767 in the USA. There are nine total categories that form the livability score. Richmond scores well for cost of living (A+) and housing (A+) On a less positive note, Richmond does not have favorable grades for the following: amenities (F). If we take a look at the data, we can find out why.
The Richmond unemployment rate of 1.98% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Richmond market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Richmond is actually affordable. The median home price for Richmond homes is $172,400, which is 20.8% higher than the Texas average. If we take a closer look at the affordability of homes in Richmond, we’ll see that the home price to income ratio is 3.4, which is 30.8% higher than the Texas average.
| Statistic | Richmond | Texas | National |
| Average one way commute | 24min | 26min | 26min |
| Workers who drive to work | 77.0% | 80.3% | 76.4% |
| Workers who carpool | 14.1% | 10.6% | 9.3% |
| Workers who take public transit | 0.0% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 1.2% | 1.6% | 2.8% |
| Working from home | 5.4% | 4.3% | 4.6% |
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