Is Richardson, Texas a Good Place To Live? - Living In Richardson, TX

Is Richardson, Texas a good place to live?
Richardson is a city in Texas state in USA with a population of 118583 residents.. The poverty rate of Richardson is 10.9%, which is 22% lower than national average. The typical household in Richardson earns $85350 a year, compared to the national median of $67,500. Nearly 28.9% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Richardson, only 91% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Richardson remained 4.5%, which is 4% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Richardson, only 53% of adults have a bachelor's degree and 26% have some college but no degree.

Cost of living in Richardson is 110, which is 10% higher than national average. Median home value in Richardson is $295500 , which is 29% higher than national average. While median income in Richardson remained $85350, which is 26% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
118583
Unemployment
4.5%
4% NAT AVG.
Poverty
10.9%
22% NAT AVG.
Overall Score
8
Median Home Cost
$295500
29% NAT AVG.
Median Income
$85350
26% NAT AVG.
Median Rent
$1452
25% NAT AVG.
Cost Of Living
110
10% NAT AVG.
People Living BPL
1 in 9
Unemployed People
1 in 22
People Earning < $10,000
1 in 20
People Earning < $50,000
28.9%
People with <= High School
1 in 4.8
People With Any Degree
1 in 1.7
Pros & Cons Overview

Jobs80%

Housing90%

Affordability60%

Safety70%

Amenities95%

Diversity95%

Education85%

Commute80%