Richmond, California Income Statistics
Richmond Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Richmond Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Richmond | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $93,864 | $99,161 | $80,455 |
| Median Personal Income | $60,730 | $67,742 | $60,758 |
| Average Yearly Income Growth | 6.5% | 5.6% | 4.8% |
| Six-Figure Earners | 14.6% | 17.6% | 13.9% |
| $200k+ Households | 15.2% | 20.5% | 13.2% |
The median household income in Richmond is about 5% lower than in California. Income has been growing faster in Richmond (6.5%/yr) than in California (5.6%/yr).
About 15% of adults in Richmond earn six figures ($100,000 or more) a year, lower than the California average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Richmond, California grew by 72.7% from 2009 to 2024, reaching $93,864 in 2024. That's an average of about 6.5% per year.
Income Inequality and the Gender Pay Gap in Richmond
| Metric | Richmond | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.567 | 0.572 | 0.552 |
| Male Median Income | $66,786 | $75,172 | $69,667 |
| Female Median Income | $62,734 | $66,071 | $56,850 |
| Gender Pay Gap | 6.1% | 12.1% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Richmond, it is 0.567, lower than California's 0.572, so income is more evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 6% more than women's income in Richmond, California. Over a 35-year career, a 6% wage gap accumulates to roughly $141,820 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Richmond, California has widened from about 3% to 6% in 2024. Over that period the gap in 2012 women out-earned men by 3%. In dollar terms, the gap has widened by $2,534 since 2009.
Sharply against the trend: the pay gap in Richmond widened by 2.7 points while California's narrowed by 4.3 points.
Employment
| Metric | Richmond | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.0% | 6.6% | 5.2% |
| Working from Home | 13.7% | 17.2% | 15.0% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 5,179 people are unemployed in Richmond, California.
The average commute time in Richmond is 31 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Richmond, California has fallen from 12.8% to 8.0% in 2024. Over that period the rate fell as low as 6.0% in 2019.
Richmond, CA Wealth Compared With Nearby Cities
How Richmond, CA compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Richmond, CA | 119,289 | $93,864 #1/2 | 6.5%/yr #2/2 | 8.0% #1/2 | 0.567 #2/2 |
| San Pablo, CA | 32,837 | $82,026 | 7.3%/yr | 8.6% | 0.553 |
Conclusion
Considering all these factors, Richmond, California has an overall wealth index grade of C, making it about on par with California, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Richmond, California.
How Rich Is Richmond, California?
Richmond has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $93,864, about 5% lower than the California average of $99,161.
Are incomes growing in Richmond, California?
Between 2009 and 2024, the median household income in Richmond, California rose 73%, from $54,358 to $93,864. Over the same years, income here outpaced California as a whole: +73% against +64%.
What was the median household income in Richmond in 2023?
In 2023, the median household income in Richmond, California was $90,171, up 4% from $86,404 in 2022. The California median that year was $96,718.
What was the median household income in Richmond in 2020?
In 2020, the median household income in Richmond, California was $73,449. By 2024 it had risen 28% to $93,864.
What is the Gini coefficient in Richmond, California?
The Gini coefficient in Richmond is 0.567. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Richmond, California?
Since 2009, the income gap between men and women in Richmond, California has widened from about 3% to 6% in 2024. Over that period the gap in 2012 women out-earned men by 3%. In dollar terms, the gap has widened by $2,534 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →