2025 Compare Cities Economy:
Houghton, MI vs Richmond, VA

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Highlights
- Household income in Richmond, is 122% more than it is in Houghton and is 26% below the National Average.
- Houghton unemployment rate is 5.4%.
- Richmond unemployment rate is 7.1%.
 Houghton, MIRichmond, VAUnited States
 Unemployment Rate  Unlock7.1%6.0%
 Recent Job Growth  Unlock1.8%1.6%
 Future Job Growth23.9%  Unlock33.5%
 Sales Taxes6.0%  Unlock6.2%
 Income Taxes  Unlock5.8%4.6%
 Income per Cap.$20,149  Unlock$37,638
 Household Income  Unlock$54,795$69,021
 Family Median Income$102,292  Unlock$85,028
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 Est. Households By Income
 Houghton, MIRichmond, VAUnited States
 Income Less Than 15K  Unlock14.1%9.4%
 Income between 15K and 20K12.3%  Unlock3.8%
 Income between 20K and 30K  Unlock9.1%8.1%
 Income between 30K and 40K6.6%  Unlock8.0%
 Income between 40K and 50K  Unlock8.6%7.6%
 Income between 50K and 60K3.4%  Unlock7.2%
 Income between 60K and 75K  Unlock9.3%9.6%
 Income between 75K and 100K6.7%  Unlock12.8%
 Income between 100K and 150K  Unlock11.7%16.3%
 Income between 150K and 200K4.9%  Unlock7.8%
 Income greater than 200K  Unlock7.5%9.5%
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 Population By Occupation
 Houghton, MIRichmond, VAUnited States
 Management, business, finance6.9%  Unlock16.4%
 Engineering, computers, science  Unlock7.1%6.5%
 Community, social services0.2%  Unlock1.8%
 Legal  Unlock1.9%1.2%
 Education, library16.2%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.2%2.0%
 Healthcare practitioners and technology7.7%  Unlock6.2%
 Healthcare support  Unlock3.2%3.3%
 Firefighters, law enforcement2.7%  Unlock2.1%
 Food preparation, serving  Unlock6.9%5.4%
 Building maintenance6.1%  Unlock3.6%
 Personal care  Unlock3.1%2.6%
 Sales, office, administrative support16.7%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.2%0.6%
 Construction, extraction, maintenance/repair5.2%  Unlock8.1%
 Production, transportation, material moving  Unlock10.2%13.1%
Reviews for Houghton    5 Reviews

Over 10 years ago

Houghton,MI is located in the middle of Lake Superior on the Keweenaw Peninsula. It was a boom town with the copper barons in the late 1800's and today it struggles to  More

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Over 12 years ago

For those who are interested in a laid-back community with low cost of living, rich human history, surrounded by impressive natural beauty, Houghton is the place. The  More

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Over 16 years ago

The 49931 zip code map to display Houghton is misleading. It implies that Isle Royale, isolated in the northern reaches of Lake Superior, is the area covered by this  More

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Reviews for Richmond    109 Reviews

Over 3 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

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Over 4 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

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Over 4 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  More

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