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EconPulse

Local economy signal dashboard

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PLACEThriving

Richmond, MO

Thriving overall. Federal Funds is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

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Overall score76out of 100
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58
72
86
80
94

Population

5,959

Data freshness

Unknown

GDP / Output

+2.7% YoY

58

$651.3M

Output changed +2.7% in 2024.

Vintage date unknown

State growth4.6%
U.S. growth5.3%

Jobs

Unemployment rate

72

3.6%

Unemployment is 3.6% for Latest available.

Vintage date unknown

State avg4.0%
U.S. avg5.2%

Population

+6.0% 5-year

86

5,959

Population moved +6.0% over the latest ACS window.

Vintage date unknown

State population6,191,814
U.S. population334,922,499

Housing

Rent share of income

80

14.5%

Median rent consumes 14.5% of median household income: Affordable.

Vintage date unknown

State rent$1.0K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.3K per resident

94

$170.2M

$170.2M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$93.8B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$170.2M

$7.3K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$129.3M
2. Department of Veterans Affairs$11.9M
3. Department of Transportation$11.7M

Top recipients

Dollars
1. MISSOURI DEPARTMENT OF TRANSPORTATION$11.7M
2. REDACTED DUE TO PII$9.4M
3. RAY COUNTY HOUSING$1.5M

Affordable

Housing Affordability

14.5%

of median income

1BR estimate$592
2BR estimate$780
Median income$59,556
Median home value$142,600

ACS context

Quick Facts

Population

5,959

Median age

40.1

Bachelor's degree+

13.2%

Poverty rate

16.3%

Labor force participation

52.7%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+1.2%

GDP CAGR

+5.4%

Federal flow

5 years

Population (5 years)
20205,622
20215,961
20225,975
20235,979
20245,959
GDP (5 years)
2020$500.4M
2021$559.9M
2022$597.4M
2023$634.2M
2024$651.3M

2-year linear forecast

Predictive Outlook

Population forecast

20245,959
20256,107 *
20266,176 *

R² = 49.7% · * projected

GDP forecast

2024$651.3M
2025$701.5M *
2026$739.1M *

R² = 96.3% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$59,556/yr
Median rent$722/mo
Rent share of income14.5%
Est. mortgage (30yr, 6.5%)$8,653/yr
Mortgage share of income14.5%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate3.6%
State avg4.0%
U.S. avg5.2%
Labor force participation52.7%
Poverty rate16.3%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$142,600
Median monthly rent$722
Price-to-rent ratio16.5x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score72/100
Economic growth58/100
Labor market72/100
Population momentum86/100
Overall stability76/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Richmond city, Missouri

City/Town

Part of

Kansas City, MO-KS

Nearby locations

Henrietta, MOCamden, MOFleming, MORayville, MOHardin, MO