Economy in Richardson, TX

Richardson, TX is a desirable city to live in due to the wide range of amenities available in the area. Not only is rent for a two-bedroom apartment significantly lower than in other parts of the country, but grocery costs are comparatively cheaper as well. The city boasts a strong job market with several renowned companies such as AT&T, Huawei, Raytheon Technologies, Oracle Corporation and Medical City Dallas Hospital providing numerous employment opportunities. There are also many small businesses throughout the city that offer an array of services for residents. The diverse economy creates countless pathways for individuals looking to gain experience or advance their career prospects. All these factors make Richardson an attractive place to live and work in Texas.

Richardson has an unemployment rate of 5.8%. The US average is 6.0%.

Richardson has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 47.7%, which is higher than the US average of 33.5%.

Tax Rates for Richardson
- The Sales Tax Rate for Richardson is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Richardson is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Richardson
- The average income of a Richardson resident is $35,584 a year. The US average is $28,555 a year.
- The Median household income of a Richardson resident is $87,720 a year. The US average is $69,021 a year.