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EconPulse

Local economy signal dashboard

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PLACEThriving

Richmond Heights, FL

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

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Overall score76out of 100
Compare
85
83
72
55
100

Population

9,992

Data freshness

Unknown

GDP / Output

+6.6% YoY

85

$260.8B

Output changed +6.6% in 2024.

Vintage date unknown

State growth6.3%
U.S. growth5.3%

Jobs

Unemployment rate

83

2.5%

Unemployment is 2.5% for July 2026.

Vintage date unknown

State avg4.6%
U.S. avg4.1%

Population

+3.7% 5-year

72

9,992

Population moved +3.7% over the latest ACS window.

Vintage date unknown

State population22,416,077
U.S. population334,922,499

Housing

Rent share of income

55

32.0%

Median rent consumes 32.0% of median household income: Strained.

Vintage date unknown

State rent$1.7K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$9.3K per resident

100

$25.1B

$25.1B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$325.0B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$25.1B

$9.3K per resident in reported federal flow.

Top agencies

Dollars
1. Department of Health and Human Services$11.4B
2. Social Security Administration$9.8B
3. Department of Housing and Urban Development$828.7M

Top recipients

Dollars
1. COUNTY OF MIAMI-DADE$528.5M
2. FLORIDA INTERNATIONAL UNIVERSITY$249.2M
3. STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION$222.4M

Strained

Housing Affordability

32.0%

of median income

1BR estimate$1,477
2BR estimate$1,945
Median income$67,606
Median home value$378,100

ACS context

Quick Facts

Population

9,992

Median age

37.9

Bachelor's degree+

24.0%

Poverty rate

13.6%

Labor force participation

62.8%

Prime rate

6.8%

CPI YoY

+3.0%

U.S. GDP YoY

+6.6%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

July 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-09-09

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

+0.7%

GDP CAGR

+9.3%

Federal flow

5 years

Population (5 years)
20209,640
202110,256
20229,863
20239,489
20249,992
GDP (5 years)
2020$167.4B
2021$194.1B
2022$223.3B
2023$244.8B
2024$260.8B

2-year linear forecast

Predictive Outlook

Population forecast

20249,992
20259,829 *
20269,823 *

R² = 0.1% · * projected

GDP forecast

2024$260.8B
2025$289.4B *
2026$313.1B *

R² = 98.8% · * 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$67,606/yr
Median rent$1,801/mo
Rent share of income32.0%
Est. mortgage (30yr, 6.5%)$22,943/yr
Mortgage share of income33.9%

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

employment snapshot

Job Market

Unemployment rate2.5%
State avg4.6%
U.S. avg4.1%
Labor force participation62.8%
Poverty rate13.6%

Data from BLS LAUS / CPS. July 2026.

valuation snapshot

Real Estate

Median home value$378,100
Median monthly rent$1,801
Price-to-rent ratio17.5x

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

composite score

Investment Climate

Investment climateStrong
Composite score80/100
Economic growth85/100
Labor market83/100
Population momentum72/100
Overall stability76/100

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

Location Context

Richmond Heights CDP, Florida

City/Town

Part of

Miami-Fort Lauderdale-West Palm Beach, FL

Nearby locations

Palmetto Estates, FLWest Perrine, FLThree Lakes, FLKendall, FLThe Crossings, FL