Dallas County · Texas · South · 119k residents
Richardson, TX: economy, jobs & business costs
The site-selection read on Richardson: labor costs, talent, corporate tax, energy, and business activity, with the Texas median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,781/wk. Texas's corporate income tax rate is 0%. Commercial electricity averages 8.6¢/kWh.
Compare Richardson side by side
Avg. weekly wage
$1,781/wk
Corporate income tax
0%
Bachelor's degree or higher
57%
Commercial electricity
8.6¢/kWh
Economic momentum
How fast Richardson's economy is moving, ranked against the US cities we track.
46/100
Steady
Ranks Richardson's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $431,400 |
| Price per sq. ft. | $170 |
| Property tax rate | 1.68% |
| 1-bedroom rent | $1,643/mo |
| 2-bedroom rent | $2,046/mo |
| State & local income tax | 0% |
| Sales tax | 8.2% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,781/wk |
| Bachelor's degree or higher | 57% |
| Commercial electricity | 8.6¢/kWh |
| Businesses per 1k residents | 31.2/1k |
| Wage: Software developer | $133,290 |
| Wage: Registered nurse | $101,420 |
| Wage: General manager | $111,010 |
| Wage: Customer service | $44,990 |
| Wage: Warehouse worker | $37,590 |
| Wage: Heavy truck driver | $59,530 |
| Wage: Electrician | $59,010 |
| Wage: Retail salesperson | $33,400 |
| Cost of living index | 110 |
| Groceries index | 96 |
| Utilities | $185/mo |
| Transit pass | $96/mo |
| Gas price | $2.90/gal |
| Healthcare index | 96 |
| Childcare (per child) | $1,000/mo |
| Median household income | $98,111 |
| Unemployment rate | 4% |
| Population | 119k |
| Crime index | 50/100 |
| School rating | 5.5/10 |
| Walkability | 38/100 |
| Disaster risk | 100/100 |
| Avg. commute | 27 min |
| Sunny days / year | 230 days |
| July high | 94°F |
| January low | 36°F |
| Annual snowfall | — |
| Home price YoY | -1.6% |
| Home price MoM | -0.4% |
| Rent YoY | -1.8% |
| Rent MoM | -0.2% |
| Employment (jobs) YoY | +0.3% |
| Building permits YoY | -14.3% |
| Ocean coast | 271 mi |
| Big lake | 65 mi |
| Mountains | 194 mi |
| Major airport | 10 mi |
| Ski resort | 514 mi |
Popular comparisons
Nearby
- Addison, TX · 17k
- Plano, TX · 291k
- Garland, TX · 247k
- Farmers Branch, TX · 37k
- Carrollton, TX · 134k
Similar size
- The Woodlands, TX · 121k
- League City, TX · 116k
- Odessa, TX · 115k
- Beaumont, TX · 113k
- College Station, TX · 125k
Real listings in Richardson
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Richardson a good place to run a business?
- Texas's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,781/wk; commercial electricity averages 8.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Richardson, TX?
- Richardson indexes at 110 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $2,046/mo and a acs median home value of $431,400.
- How much does a house cost in Richardson?
- The acs median home value in Richardson is $431,400 (Census ACS estimate; individual listings vary).
- How much is rent in Richardson?
- A two-bedroom in Richardson rents for about $2,046/mo.