Pros and Cons of Living In Richardson, Texas. Is Richardson, TX a Nice Place To Live or Retire?

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Richardson, Texas

Moving to Richardson In Texas ? Is Richardson, TX a Nice Place To Live? Pros and Cons of Living in Richardson, Texas. Find out the best and worst about to live, raise a family or retire in Richardson.

Richardson is a city in Dallas and Collin counties in the U.S. state of Texas. As of the 2020 United States census, the city had a total population of 119,469. Richardson is an inner suburb of the city of Dallas.

It is home to the University of Texas at Dallas and the Telecom Corridor, with a high concentration of telecommunications companies. More than 5,000 businesses have operations within Richardson's 28 square miles (73 km2), including many of the world's largest telecommunications and networking companies, such as AT&T, Verizon, Cisco Systems, Samsung, ZTE, MetroPCS, Texas Instruments, Qorvo, and Fujitsu. Richardson's largest employment base is provided by the insurance industry, with Blue Cross and Blue Shield of...

DEMOGRAPHICS

Population
118583
Unemployment
4.5%
4% NAT AVG.
Poverty
10.9%
22% NAT AVG.
Cost Of Living
110
10% NAT AVG.

ECONOMICS

Median Home Cost
$295500
29% NAT AVG.
Median Income
$85350
26% NAT AVG.
Median Rent
$1452
25% NAT AVG.
Overall Score
8

CRIME REPORT

Total Crime
2582
11% NAT. AVG.
23% STATE AVG.
Violent Crime
158
67% NAT. AVG.
72% STATE AVG.
Property Crime
2424
0% NAT. AVG.
13% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 9
Unemployed People
1 in 22
People Earning < $10,000
1 in 20
People Earning < $50,000
28.9%
People With Any Degree
1 in 1.7

ETHNICITY

Ethnicity Richardson USA
White 52.8% 60.1%
African American 11.8% 12.2%
American Indian 0.3% 0.6%
Asian 14.5% 5.6%
Hawaiian 0.1% 0.2%
Multiracial 3.1% 2.8%
Hispanic 17.3% 18.2%
Other 0.3% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Richardson USA
Less than $10,000 5.1% 5.8%
$10,000 to $14,999 1.9% 4.1%
$15,000 to $24,999 4.9% 8.5%
$25,000 to $34,999 7.3% 8.6%
$35,000 to $49,999 9.7% 12.0%
$50,000 to $74,999 15.8% 17.2%
$75,000 to $99,999 13.7% 12.8%
$100,000 to $149,999 20.5% 15.6%
$150,000 to $199,999 9.7% 7.1%

EDUCATION

Education Richardson USA
< 9th Grade 6% 5.0%
9-12th Grade 3% 7.0%
High School or GED 12% 27.0%
Other College 19% 20.0%
Associate's Degree 7% 9%
Bachelor's Degree 32% 20.0%
Master's Degree 16% 9.0%
Professional Degree 3% 2.0%
Doctorate Degree 2% 1.0%
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. The unemployment rate of Richardson remained 4.5%, which is 4% lower than national rate.

Cost of living in Richardson is 110, which is 10% higher than national average. In Richardson, only 53% of adults have a bachelor's degree and 26% have some college but no degree. 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.
Richardson Scorecard

Jobs80%

Housing90%

Affordability60%

Safety70%

Amenities95%

Diversity95%

Education85%

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