Richmond, Texas is a city in Fort Bend County located just southwest of Houston. It is known for its small-town charm and close-knit community. Richmond has a diverse economy with many local companies such as Valley Ranch Town Center, Best Southwest Partnership, and EMCID Economic Development Corporation supporting the area. With a two bedroom rental rate of $1,390 it is well below the national average of $1,430 and grocery costs index at 99 versus the US' 100 makes living in Richmond even more attractive.
Richmond has an unemployment rate of 7.6%. The US average is 6.0%.
Richmond has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Richmond
- The Sales Tax Rate for Richmond is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Richmond 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 Richmond
- The average income of a Richmond resident is $24,559 a year. The US average is $37,638 a year.
- The Median household income of a Richmond resident is $52,589 a year. The US average is $69,021 a year.