Richwood is a city in West Virginia state in USA with a population of 2127 residents.. The poverty rate of Richwood is 32.7%, which is 134% higher than national average. The typical household in Richwood earns $28641 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 3 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 10 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 75.7% of households earn less than $50,000 a year compared to 39% national rate. With a lack of available jobs, many in Richwood are struggling financially. Nearly one in every 1 in every 6 workers in Richwood is unemployed. The high jobless rate has likely contributed to the widespread poverty in the city.

A high school education is a basic prerequisite for most jobs, and in Richwood, only 86% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Richwood remained 17.2%, which is 266% higher than national rate. Nearly 4 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Richwood, only 13% of adults have a bachelor's degree and 27% have some college but no degree.

Cost of living in Richwood is 0, which is 100% lower than national average. Median home value in Richwood is $41200 , which is 82% lower than national average. While median income in Richwood remained $28641, which is 58% lower than national average.