Richmond, TX (77406) is a vibrant city with plenty of amenities to offer its residents. Not only is the 2 bedroom rent in this area extremely affordable at just $1,650 per month compared to the US average of $1,430, but local groceries are slightly more expensive than the national average with a grocery cost index of 101 versus 100 in the US. \nThe city's economy is driven by major companies such as Chevron Phillips Chemical Company and UnitedLex Corporation. Other prominent businesses in the area include Texas State University Research Foundation and Fort Bend Independent School District. There are also numerous locally owned businesses offering services ranging from retail stores to restaurants and entertainment venues. With its reasonable rental rates, plethora of economic opportunities and abundance of recreational activities nearby, Richmond, TX (77406), is an ideal spot for those seeking to live in an urban setting without sacrificing affordability or access to resources.
Richmond (zip 77406) has an unemployment rate of 7.6%. The US average is 6.0%.
Richmond (zip 77406) has seen the job market increase by 3.2% 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 (zip 77406)
- The Sales Tax Rate for Richmond (zip 77406) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Richmond (zip 77406) 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 (zip 77406)
- The average income of a Richmond (zip 77406) resident is $41,913 a year. The US average is $28,555 a year.
- The Median household income of a Richmond (zip 77406) resident is $128,878 a year. The US average is $69,021 a year.