Is Richmond, Subd. B a Good Place to Live?
Based on current data, Richmond, Subd. B receives an overall livability score of 3.0 out of 5.0, earning a grade of B. Key strengths include affordable housing. Areas to be aware of include above-average unemployment, an elevated poverty rate, below-average incomes. Richmond, Subd. B offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Richmond, Subd. B is $59,600, 21% below the national average of $75,149. At 24.4%, unemployment is notably high. The poverty rate of 19.6% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 28 minutes.
Cost of Living & Housing
The median home value in Richmond, Subd. B is $174,000, 38% below the national median — offering relatively affordable homeownership. Renters pay a median of $604 per month, below the national average — a plus for affordability. At just 2.9x median income, home prices are very affordable relative to local earnings.
Education
7.2% of residents hold a bachelor's degree, below the national average of 33.7%. 24.0% have completed high school.