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Richardson, TX&

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Population
108,350
2.1% growth
Median Age
37.3
Median Household Income
$74,877
3.38% growth
Poverty Rate
10.4%
Number of Employees
55,487
0.93% growth
Median Property Value
$209,500
6.29% growth

Economy

The economy of Richardson, TX employs 55,487 people. The economy of Richardson, TX is specialized in Management of Companies & Enterprises; Information; and Professional, Scientific, Tech Services, which employ respectively 3.03; 1.99; and 1.84 times more people than what would be expected in a location of this size. The largest industries in Richardson, TX are Professional, Scientific, Tech Services (7,282), Healthcare & Social Assistance (6,669), and Educational Services (6,422), and the highest paying industries are Mining, Quarrying, Oil, Gas Extraction ($86,667), Professional, Scientific, Tech Services ($69,790), and Management of Companies & Enterprises ($54,826).

Median household income in Richardson, TX is $74,877. Males in Richardson, TX have an average income that is 1.4 times higher than the average income of females, which is $45,764. The income inequality of Richardson, TX (measured using the Gini index) is 0.486 which is higher than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Richardson, TX. In Dallas County, TX the age groups most likely to have health care coverage are 25-34 and 6-17, men and women, respectively. The location has a 1 to 67 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $11,078. Newton County, TX has the highest prevalence of homicides of any county in Texas.

Coverage

Clinician to Patient Rates

The closest comparable data for the census place of Richardson, TX is from the county of Dallas County, TX.

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Diversity

Richardson, TX is home to a population of 108,350 people, from which 86.3% are citizens. The ethnic composition of the population of Richardson, TX is composed of 58,341 White residents (53.8%), 17,875 Hispanic residents (16.5%), 17,169 Asian residents (15.8%), 11,054 Black residents (10.2%), and 3,168 Two+ residents (2.92%). The most common foreign languages in Richardson, TX are Spanish (13,518 speakers), Chinese (3,676 speakers), and Vietnamese (2,153 speakers), but compared to other places, Richardson, TX has a relative high number of Urdu (972 speakers), Hindi (1,463 speakers), and African Languages (1,572 speakers).

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Veterans

Education

In 2015 universities in Richardson, TX awarded 7,356 degrees. The student population of Richardson, TX is skewed away from females, with 3,988 male students and 3,368 female students. Most students in Richardson, TX are White (2,378 and 32.3%), followed by Asian (1,077 and 14.6%), Hispanic or Latino (762 and 10.4%), and Black or African American (433 and 5.89%). The largest universities in Richardson, TX by number of graduates are The University of Texas at Dallas (6,948 and 94.5%), ITT Technical Institute-Richardson (209 and 2.84%), and Utah College of Massage Therapy-Dallas (197 and 2.68%). The most popular majors in Richardson, TX are Accounting (287 and 3.9%), General Biological Sciences (284 and 3.86%), and General Business (211 and 2.87%). The median tuition costs in Richardson, TX are N/A for private four year colleges, and $11,192 and $28,808 respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in Richardson, TX is $209,500, which is 1.02 times larger than the national average of $205,000. Between 2015 and 2016 the median property value increased from $197,100 to $209,500, a 6.29% increase. The homeownership rate of Richardson, TX is 59.6%, which is lower than the national average of 63.6%. People in Richardson, TX have an average commute time of 22.4 minutes, and they commute by Drove Alone. Car ownership in Richardson, TX is approximately the same as the national average, with an average of 2 cars per household.

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Texas
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Dallas-Fort Worth-Arlington, TX Metro Area
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