Cost of Living in Richmond, CA
Population: 115,396 • 2026 Data
$90,038
Median Household Income
+16% vs national
$1,895
Median Monthly Rent
+41% vs national
$650,100
Median Home Value
+92% vs national
7.0%
Unemployment Rate
Housing in Richmond
The median home value in Richmond, CA is $650,100. Monthly rent for a typical unit averages $1,895, while total monthly housing costs (including utilities and insurance) average $2,015.
Rent-to-income ratio: 25.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Richmond, CA is $90,038. The unemployment rate stands at 7.0%, with a labor force of 62,138 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.