Richwood, West Virginia
Moving to or Living in Richwood Pros and Cons, Cost of Living, Crime Rate, Demographics
Living In Richwood, West Virginia
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Explore the life in Richwood based on crime, public schools, cost of living, real estate, housing, properties, job opportunities, and local amenities data and Statistics.
About Richwood, West Virginia
Is Richwood, West Virginia a good place to live?
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.
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.
Population
2127
Unemployment
17.2%
Poverty
32.7%
Overall Score
3
Median Home
$41200
82%
NAT AVG.
Median Income
$28641
58%
NAT AVG.
Median Rent
$549
53%
NAT AVG.
People Living BPL
1 in 3
Unemployed People
1 in 6
People Earning < $10,000
1 in 10
People Earning < $50,000
75.7%
People with <= High School
1 in 1.7
People With Any Degree
1 in 5.9
Pros & Cons Overview
Jobs30%
Housing30%
Affordability80%
Safety60%
Amenities60%
Diversity40%
Education50%
Commute50%
Gender
| Gender | Richwood | West Virginia | Country |
|---|---|---|---|
| Female | 48.8% | 50.6% | 50.8% |
| Male | 51.2% | 49.4% | 49.2% |
Gender
Household Income
| Income | Richwood | West Virginia | Country |
|---|---|---|---|
| Less than $10,000 | 10.4% | 8.5% | 5.8% |
| $10,000 to $14,999 | 10.3% | 5.9% | 4.1% |
| $15,000 to $24,999 | 16.9% | 12.3% | 8.5% |
| $25,000 to $34,999 | 20.1% | 10.8% | 8.6% |
| $35,000 to $49,999 | 18% | 14.2% | 12.0% |
| $50,000 to $74,999 | 17.2% | 17.9% | 17.2% |
| $75,000 to $99,999 | 3.2% | 11.6% | 12.8% |
| $100,000 to $149,999 | 3% | 11.9% | 15.6% |
| $150,000 to $199,999 | 0% | 3.9% | 7.1% |
| $200,000 or more | 0.89999999999999% | 3% | 8.3% |
Education
| Education | Richwood | West Virginia | Country |
|---|---|---|---|
| < 9th Grade | 6% | 4% | 5.0% |
| 9-12th Grade | 8% | 8% | 7.0% |
| High School or GED | 46% | 40% | 27.0% |
| Other College | 23% | 19% | 20.0% |
| Associate's Degree | 4% | 8% | 9% |
| Bachelor's Degree | 9% | 13% | 20.0% |
| Master's Degree | 2% | 6% | 9.0% |
| Professional Degree | 2% | 1% | 2.0% |
| Doctorate Degree | 0% | 1% | 1.0% |
Household Income
Education
Race / Ethnicity
| Ethnicity | Richwood | West Virginia | Country |
|---|---|---|---|
| White | 93.7% | 91.5% | 60.1% |
| African American | 1.9% | 3.5% | 12.2% |
| American Indian | 0% | 0.2% | 0.6% |
| Asian | 0% | 0.8% | 5.6% |
| Hawaiian | 0% | 0% | 0.2% |
| Other | 0% | 0.2% | 0.3% |
| Multiracial | 3.7% | 2.2% | 2.8% |
| Hispanic | 0.7% | 1.6% | 18.2% |