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The total population of Richwood is estimated to be 4,712 with 2,398 males (50.89%) and 2,314 females (49.11%). There are 84 less females than males in Richwood.
The median household income in Richwood was $72,926 in 2021, which marked an a decrease of 3,561(4.66%) from $76,487 in 2020. This income is 97.75% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Richwood sees its highest median household income among householders in the age group of 25 to 44 years old, at $103,898. Overall, the median household income for the city of Richwood stands at $72,926.
In Richwood, the median income for all workers aged 15 years and older, regardless of work hours, was $60,419 for males and $33,074 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $62,693 for males and $39,018 for females.
In Richwood, there are just three different racial groups among households. Among these, White households report a median household income of $80,993, followed by Some Other Race households at $70,299, and Two or More Races households with a median household income of $58,249.
In 2022, the population of Richwood was 4,760, a 0.11% increase year-by-year from 2021. Previously, in 2021, Richwood's population was 4,755, a decline of 0.63% compared to a population of 4,785 in 2020.
The median age in Richwood, TX is 32.1, as per 2021 ACS 5-Year Estimates. Of the total population, 27.85% were under the age of 15, 19.52% aged 15 to 29, 43.75% aged 30 to 64, 8.44% aged 65 to 84, and 0.45% were 85 years of age and older.
Racial distribution of Richwood population: 67.05% are White, 10.03% are Black or African American, 0.58% are Asian, 13.77% are some other race and 8.56% are multiracial.