Richardson, Texas is a mid-sized city with a population of 108,350 inhabitants. Richardson has a population density of 3,793 people per square mile. This would be considered well above the national population density level. The majority of Richardson residents report their race to be White; this is followed by Asian and Black. Richardson has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 80% of the population is classified as married and 57% have kids.
Without the right tools, moving to any new town can be very stressful and challenging. Living in Richardson, Texas could be a positive experience for anyone who puts in the time to do the research required. Using the livability score which includes data from categories like amenities, crime, education, employment, housing, you can easily compare the best places to live in Richardson and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Richardson to Texas and the national average.
The livability score in Richardson is 90 out of 100 and the city is ranked in the 99th percentile of all cities across America. Clearly, Richardson is doing something right, as this score ranks well above the average of most cities. Another exciting tidbit, is that Richardson ranks better than 90% of all US cities! For each of the livability categories, we know that Richardson ranks very well for amenities (A+), crime (A-), weather (B-), education (A+), employment (B-) and housing (A+). Richardson does not do well for the following: cost of living (D). It might be wise to take a closer look at each category to find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Richardson, there is no shortage of amazing local amenities and interesting things to do. Some of the interesting things to do and attractions include: The North Texas Automotive Museum, Downtown Richardson, and University of Texas at Dallas - Visual Arts Building.
Low violent crime (murder, rape, robbery, assault) is a must for most people when searching for a new area to live. At 167 crimes per 100,000 residents, Richardson has a violent crime rate that is far below the national average.
The average school test scores in Richardson are 79%. This far exceeds the national average and ensures that this educational system will provide your children with the skills and the tools they need to thrive.
Finding affordable real estate and apartments for rent in Richardson can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category.
Richardson real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Richardson. The median home price for Richardson homes is $209,500, which is 46.8% higher than the Texas average. If we take a closer look at the affordability of homes in Richardson, we’ll see that the home price to income ratio is 2.8, which is 7.7% higher than the Texas average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Richardson area were 7.4% and 5 year appreciation rates were 10.9%.
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