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Richardson, Texas Demographics & Population 2026

During the 2020–2024 ACS period, Richardson, Texas had a total population of 118,731, the 33rd largest city in Texas, with a median household income of $98,111, which is 25% higher than the state average. The poverty rate is 9.7%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Richardson Quick Facts

Population 118,731
Median Household Income $98,111
Median Home Value $431,400
Poverty Rate 9.7%
Unemployment Rate 5.0%
Median Age 33.9 years
Homeownership Rate 50.7%
Affordability Ratio 4.4x
Bachelor's Degree or Higher 57.0%
High School Graduation Rate 93.3%
Diversity Index 68/100
Population 118,731 33rd of 1,795
Median Income $98,111 top 20%
Poverty Rate 9.7% 22% lower than national
Median Home Value $431,400 top 10%

How Richardson Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population118,269118,731+0.4%
Median household income$96,257$98,111+1.9%
Median home value$405,600$431,400+6.4%

How Richardson Compares

Economy & Housing

Household Income Distribution

Under $25K 10.7%
$25K-$50K 12.3%
$50K-$100K 27.7%
$100K+ 49.3%
Detailed income brackets
Under $10K
5.5%
$10K-$15K
1.6%
$15K-$20K
1.4%
$20K-$25K
2.3%
$25K-$30K
1.6%
$30K-$35K
2.1%
$35K-$40K
2.4%
$40K-$45K
2.8%
$45K-$50K
3.4%
$50K-$60K
5.4%
$60K-$75K
9.1%
$75K-$100K
13.2%
$100K-$125K
11.4%
$125K-$150K
8.2%
$150K-$200K
11.9%
$200K+
17.7%

Employment

5.0% Unemployment Rate State: 5.3%|National: 5.2%
70.3% Labor Force Participation

Housing Overview

Owner 50.7%
Renter 49.3%
Affordability Index Moderate
4.4x home value to income ratio
Median gross rent $1,857/mo 22.7% of median household income annually

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: 61

Education

Richardson Rankings in Texas

#33 Population of 1,795
#283 Median Income of 1,546
#105 Education of 1,795
#136 Home Value of 1,542

Other Cities in Dallas County

CityPopulationMedian IncomePovertyHome Value
Dallas 1,307,930 $70,518 16.7% $320,700
Irving 256,492 $81,830 11.0% $315,600
Garland 246,844 $76,320 13.0% $270,800
Grand Prairie 201,883 $81,619 12.0% $295,500
Mesquite 149,299 $72,537 13.4% $245,700
Carrollton 133,740 $101,396 7.1% $381,000
Lewisville 131,080 $89,233 7.8% $378,500
Rowlett 65,463 $112,081 6.1% $368,800
Wylie 60,334 $119,522 5.6% $387,000
DeSoto 56,211 $82,782 7.6% $319,400

Cities Similar to Richardson

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Round Rock127,786$99,287$418,60044.8%7.8%
League City116,215$121,099$360,00047.6%5.4%
Carrollton133,740$101,396$381,00045.2%7.1%
Lewisville131,080$89,233$378,50040.7%7.8%
Pearland127,514$118,842$356,30047.1%4.1%

Population Overview

Richardson is a major urban center located in Texas, within Dallas County. The total population is 118,731. It ranks as the 33rd most populous out of 1,795 Census-designated places in Texas.

Age Demographics

The median age in Richardson is 33.9 years. This is 5% lower than the state median of 35.6 years.

Economy, Income & Housing

The median household income in Richardson is $98,111. This is 25% higher than the state median of $78,476. It is also 22% higher than the national median of $80,734. The poverty rate stands at 9.7%. This is 30% lower than the state poverty rate of 13.8%. The unemployment rate is 5.0%. This is 5% lower than the state rate of 5.3%. The median home value is $431,400. Housing costs are 52% higher than the state median of $283,800. The home-value-to-income ratio is 4.4x. 50.7% 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 is White (non-Hispanic), making up 49.2% of the population. Hispanic or Latino residents account for 18.3%. The Hispanic or Latino population (18.3%) is well below the state average of 39.7%. The Asian population is significantly higher than the state average (16.1% vs 5.5%).

Education

57.0% of residents aged 25 and older hold a bachelor's degree or higher. This places Richardson in the top 10% of all cities in the state for educational attainment. This is 69% higher than the state rate of 33.8%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.3%. Notably, 23.6% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Richardson, Texas is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Texas state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,795 Census-designated places in Texas. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Richardson, Texas?

Richardson, Texas has a population of 118,731 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Richardson, TX?

The median household income in Richardson is $98,111, which is 22% higher than the national median of $80,734.

What is the poverty rate in Richardson, TX?

The poverty rate in Richardson is 9.7%. This means approximately 10,979 residents live below the federal poverty line.

What is the racial makeup of Richardson, Texas?

Richardson's population is 49.2% White, 11.6% Black, 18.3% Hispanic/Latino, and 16.1% Asian.

What is the median home value in Richardson, TX?

The median home value in Richardson is $431,400. The home-value-to-income ratio is 4.4x.

How educated is Richardson, Texas?

57.0% of adults (25+) in Richardson hold a bachelor's degree or higher, and 23.6% hold a graduate or professional degree.