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Richardson city, Texas Demographics & Population 2026

As of 2026, Richardson city, Texas has a total population of 118,269, the 32nd largest city in Texas, with a median household income of $96,257, which is 26% higher than the state average. The poverty rate is 10.1%.

Key Takeaways

Richardson city Quick Facts

Population 118,269
Median Household Income $96,257
Median Home Value $405,600
Poverty Rate 10.1%
Unemployment Rate 4.8%
Median Age 34.0 years
Homeownership Rate 50.8%
Affordability Ratio 4.2x
Bachelor's Degree or Higher 56.3%
High School Graduation Rate 93.2%
Diversity Index 68/100
Population 118,269 32nd of 1,800
Median Income $96,257 top 20%
Poverty Rate 10.1% 19% lower national
Median Home Value $405,600 top 10%

How Richardson city Compares

Economy & Housing

Employment

4.8% Unemployment Rate State: 5.1% | National: 5.2%
70.8% Labor Force Participation

Housing Overview

Owner 50.8%
Renter 49.2%
Affordability Index Moderate
4.2x home value to income ratio

People & Demographics

Diversity Index

68out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 67 | National average: 60

Education

Richardson city Rankings in Texas

#32 Population of 1,800
#273 Median Income of 1,800
#102 Education of 1,800
#134 Home Value of 1,800

Cities Similar to Richardson city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Round Rock city124,288$97,187$383,70043.6%7.7%
Carrollton city132,741$99,115$353,60043.3%6.9%
League City city114,885$119,870$334,00047.9%4.5%
Pearland city125,983$112,470$330,90047.4%4.2%
Lewisville city128,313$85,002$350,20039.4%7.6%

Population Overview

Richardson city is a major urban center located in Texas. The total population is 118,269. It ranks as the 32nd most populous out of 1,800 cities and towns in Texas.

Age Demographics

The median age in Richardson city is 34.0 years. This is 4% lower than the state median of 35.5 years.

Economy, Income & Housing

The median household income in Richardson city is $96,257. This is 26% higher than the state median of $76,292. Compared to the national median of $78,538, household income here is 23% higher. The poverty rate stands at 10.1%. This is 27% lower than the state poverty rate of 13.8%. The unemployment rate is 4.8%. This is 7% lower than the state rate of 5.1%. The median home value is $405,600. Housing costs are 56% higher than the state median of $260,400. The home-value-to-income ratio is 4.2x. 50.8% of occupied housing units are owner-occupied. This homeownership rate is 19% lower than the state average of 62.6%.

Race & Ethnicity

The largest racial or ethnic group in Richardson city is White (non-Hispanic), making up 49.7% of the population. Hispanic or Latino residents account for 17.4%. The Hispanic or Latino population (17.4%) is well below the state average of 39.5%. The Asian population is significantly higher than the state average (15.7% vs 5.3%).

Education

56.3% of residents aged 25 and older hold a bachelor's degree or higher. This places Richardson city in the top 10% of all cities in the state for educational attainment. This is 70% higher than the state rate of 33.1%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.2%. Notably, 23.1% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Richardson city, Texas is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Texas state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,800 Census-designated places in Texas. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Richardson city, Texas?

Richardson city, Texas has a population of 118,269 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Richardson city, TX?

The median household income in Richardson city is $96,257, which is 23% higher the national median of $78,538.

What is the poverty rate in Richardson city, TX?

The poverty rate in Richardson city is 10.1%. This means approximately 11,518 residents live below the federal poverty line.

What is the racial makeup of Richardson city, Texas?

Richardson city's population is 49.7% White, 12.7% Black, 17.4% Hispanic/Latino, and 15.7% Asian.

What is the median home value in Richardson city, TX?

The median home value in Richardson city is $405,600. The home-value-to-income ratio is 4.2x.

How educated is Richardson city, Texas?

56.3% of adults (25+) in Richardson city hold a bachelor's degree or higher, and 23.1% hold a graduate or professional degree.