Richmond, Massachusetts Housing

Richmond, Massachusetts has a population of 1,500, with a median household income of $94,000.

Current housing data for Richmond.

$520,000

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Population

1,500

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Median Income

$94,000

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Unemployment

4.70%

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Housing Price

$520,000

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Crime Rate

3.50

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Internet Speed

186.00 Mbps

Richmond is a notable city in Massachusetts, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Richmond has a population of 1,500, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Richmond is $94,000, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Richmond is about $520,000, making it relatively affordable compared to many cities in Massachusetts.

Employment and Safety

The unemployment rate in Richmond is 4.70%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Richmond are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Massachusetts, Richmond shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of Massachusetts, Richmond contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Richmond

What is the population of Richmond?

The population of Richmond is approximately 1,500.

Is Richmond a good place to live?

Richmond offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Richmond?

The median household income in Richmond is around $94,000.

How expensive is housing in Richmond?

The average housing price in Richmond is approximately $520,000.