Quick facts: Richmond, CA

Quick Facts

115.0
Cost of Living
above US average
216,288
Population
13.87
Crime Rate per 1000
below US average
$73,000
Median Income
below US average
$585,000
Median House Price
above US average
$2511.46
Average Rent
above US average
Poverty rate Data is updating, will be available soon
0.08%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $73,000.

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Income Needed to Buy

βœ— Stretch
$184k/year
Based on $585,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $184k vs median $73,000
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Income Needed to Rent

⚠ Stretch
$108k/year
Based on $2511.46/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $108k vs median $73,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Richmond, CA

Richmond, California, situated in the San Francisco Bay Area, is known for its diverse culture and rich history. The city was incorporated in 1905 and has grown into a significant urban center. Richmond is characterized by its stunning waterfront along the San Francisco Bay and its scenic views of the Golden Gate Bridge. The city boasts a variety of parks and recreational areas, including the expansive Point Richmond Historic District and the beautiful Marina Bay Park, which offers opportunities for walking, cycling, and enjoying the water. Richmond is also home to the Rosie the Riveter WWII Home Front National Historical Park, celebrating the contributions of female workers during World War II. Richmond's diverse population is reflected in its vibrant arts scene, with numerous galleries, theaters, and annual cultural events. The city features various dining options ranging from local eateries to significant culinary establishments. Economically, Richmond is home to major industries, including shipping, manufacturing, and a growing tech sector, making it a vital part of the Bay Area's economy. With its mix of history, culture, and economic opportunities, Richmond continues to be a dynamic city to explore and experience.

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