Contra Costa County · California · West · 116k residents
Richmond, CA: economy, jobs & business costs
The site-selection read on Richmond: labor costs, talent, corporate tax, energy, and business activity, with the California 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 $1,678/wk. California's corporate income tax rate is 8.84%. Commercial electricity averages 25.5¢/kWh.
Compare Richmond side by side
Avg. weekly wage
$1,678/wk
Corporate income tax
8.84%
Bachelor's degree or higher
33%
Commercial electricity
25.5¢/kWh
Economic momentum
How fast Richmond's economy is moving, ranked against the US cities we track.
28/100
Cooling
Ranks Richmond'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 | $668,200 |
| Price per sq. ft. | $470 |
| Property tax rate | 0.75% |
| 1-bedroom rent | $1,593/mo |
| 2-bedroom rent | $2,073/mo |
| State & local income tax | 2.09% |
| Sales tax | 8.8% |
| Corporate income tax | 8.84% |
| Avg. weekly wage | $1,678/wk |
| Bachelor's degree or higher | 33% |
| Commercial electricity | 25.5¢/kWh |
| Businesses per 1k residents | 35.7/1k |
| Wage: Software developer | $186,640 |
| Wage: Registered nurse | $186,610 |
| Wage: General manager | $149,990 |
| Wage: Customer service | $57,830 |
| Wage: Warehouse worker | $45,130 |
| Wage: Heavy truck driver | $66,450 |
| Wage: Electrician | $92,830 |
| Wage: Retail salesperson | $43,850 |
| Cost of living index | 134 |
| Groceries index | 112 |
| Utilities | $245/mo |
| Transit pass | $90/mo |
| Gas price | $4.80/gal |
| Healthcare index | 108 |
| Childcare (per child) | $1,450/mo |
| Median household income | $95,391 |
| Unemployment rate | 5.2% |
| Population | 116k |
| Crime index | 52/100 |
| School rating | 5.5/10 |
| Walkability | 38/100 |
| Disaster risk | 100/100 |
| Avg. commute | 29 min |
| Sunny days / year | 260 days |
| July high | 71°F |
| January low | 44°F |
| Annual snowfall | 0 in |
| Home price YoY | -4.2% |
| Home price MoM | -0.1% |
| Rent YoY | +2.6% |
| Rent MoM | +0.2% |
| Employment (jobs) YoY | +0.1% |
| Building permits YoY | -62.6% |
| Ocean coast | 14 mi |
| Big lake | 46 mi |
| Mountains | 25 mi |
| Major airport | 17 mi |
| Ski resort | 134 mi |
Popular comparisons
Nearby
- Berkeley, CA · 120k
- San Rafael, CA · 60k
- Alameda, CA · 77k
- Oakland, CA · 439k
- Vallejo, CA · 124k
Similar size
- Antioch, CA · 116k
- Carlsbad, CA · 114k
- Murrieta, CA · 112k
- East Los Angeles, CA · 112k
- Temecula, CA · 111k
Real listings in Richmond
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Richmond a good place to run a business?
- California's corporate income tax rate is 8.84%; average weekly wages in the surrounding labor market run $1,678/wk; commercial electricity averages 25.5¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Richmond, CA?
- Richmond indexes at 134 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $2,073/mo and a acs median home value of $668,200.
- How much does a house cost in Richmond?
- The acs median home value in Richmond is $668,200 (Census ACS estimate; individual listings vary).
- How much is rent in Richmond?
- A two-bedroom in Richmond rents for about $2,073/mo.