Richmond, a small city in Texas, has a population of approximately 14,000. At an average age of just over 37, the city's population is a bit older compared to other municipalities in Texas, which has an average age of 35. Renters tend to be in the minority in Richmond, and 55% of residents own their homes. With a relatively low average rent of $877/month in the city, renting remains an affordable option, particularly compared to other cities in Texas. Over the course of a year, renters in Richmond will save around $1,800 compared to the state average.
Retail is the most common industry in Richmond, representing 7% of the population. Meanwhile, in terms of job function, 8% of residents work in sales, making it the top field in the city. With an average annual income of just over $71,000, Richmond workers bring in roughly the same as the average Texas resident. Richmond's average income also is nearly on par with the national average of $73,345. Among residents over the age of 25 in Richmond, 12% possess a Bachelor's degree and 4% have a Master's degree or Doctorate.
Averaging about 31 minutes, Richmond's commute time is slower than the state average of about 27 minutes. Many residents (36%) drive their car or truck to work, while public transit isn't extensively used. Walking isn't a common method of commuting to work.
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