Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Crime
This area reports elevated crime rates per 100,000 individuals, potentially pointing some areas being unsafe for its residents. Stats are based on both property and violent crimes.
Richmond is a small city located in the state of Missouri. The city has a population of 5,622 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (93% White). Given that fact, Richmond could be considered less diverse than other cities. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Richmond, your commute time will align closely with the national average, spanning a one-way duration of approximately 27 minutes.
Without the right tools, relocating to any new area can be very stressful and challenging. Living in Richmond, Missouri could be a fulfilling experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. With useful information like amenities, health & safety, education and other key data points, finding the best places to live in Richmond and in the areas around Richmond is a much easier task.
Richmond has a livability score of 63 out of 100 and is ranked #301 in Missouri and #13,031 in the USA. There are nine total categories that generate the livability score. Richmond ranks well for employment (C+) and housing (A-) There are some categories that Richmond does not rank well for, including: amenities (F) and crime (F). It might be worth taking a closer look to figure out why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Richmond, the unemployment rate stands at 2.03%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Richmond apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Richmond is actually affordable. The median home price for Richmond homes is $98,600, which is 30.2% lower than the Missouri average. If we take a closer look at the affordability of homes in Richmond, we’ll see that the home price to income ratio is 1.7, which is 41.4% lower than the Missouri average.
| Statistic | Richmond | Missouri | National |
| Average one way commute | 27min | 23min | 26min |
| Workers who drive to work | 86.5% | 81.6% | 76.4% |
| Workers who carpool | 6.6% | 9.1% | 9.3% |
| Workers who take public transit | 1.7% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 3.1% | 1.9% | 2.8% |
| Working from home | 2.0% | 4.6% | 4.6% |
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