Is Richmond Hill a Good Place to Live?
Based on current data, Richmond Hill receives an overall livability score of 2.6 out of 5.0, earning a grade of C+. Key strengths include above-average household incomes. Areas to be aware of include high housing costs, above-average unemployment. Richmond Hill has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Richmond Hill is $102,000, which is significantly higher than the national average — 36% above $75,149. This places Richmond Hill among higher-income communities. At 13.1%, unemployment is notably high. 11.8% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 34 minutes.
Cost of Living & Housing
The median home value in Richmond Hill is $1,200,000, making it a premium housing market at 326% above the U.S. median of $281,900. Renters pay a median of $1,860 per month, significantly above the national average of $1,163. With a home price-to-income ratio of 11.8x, housing affordability is a significant challenge for many families.
Education
28.7% of residents hold a bachelor's degree, below the national average of 33.7%. 23.0% have completed high school.
Climate & Weather
Richmond Hill experiences four distinct seasons with an average temperature of 47°F. Winters average 22°F in January while summers reach 70°F in July. Annual precipitation totals 36.6 inches, including 53.7 inches of snow.