Richmond, Rhode Island Median Income

Richmond, Rhode Island has a population of 7,920, with a median household income of $91,200.

Current median income data for Richmond.

$91,200

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Population

7,920

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Median Income

$91,200

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Unemployment

2.10%

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Housing Price

$462,100

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Crime Rate

3.40

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Internet Speed

473.10 Mbps

Richmond is a small local community located in Rhode Island. The city has a population that is below the average city population in Rhode Island, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Richmond, located in Rhode Island, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Richmond has a population of 7,920, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Richmond is $91,200, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Richmond average around $462,100, which is relatively high compared to other cities in Rhode Island.

Employment and Safety

The unemployment rate in Richmond is 2.10%, which is lower than the state average, indicating a relatively strong job market. Richmond has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Rhode Island, Richmond shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Richmond offers a balanced mix of economic conditions, population trends, and housing opportunities within Rhode Island.

Frequently Asked Questions about Richmond

What is the population of Richmond?

The population of Richmond is approximately 7,920.

Is Richmond a good place to live?

Richmond offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Richmond?

The median household income in Richmond is around $91,200.

How expensive is housing in Richmond?

The average housing price in Richmond is approximately $462,100.