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EconPulse

Local economy signal dashboard

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PLACEThriving

Richmond Heights, OH

Thriving overall. GDP / Output is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score71out of 100
Compare
75
71
64
73
NA

Population

10,626

Data freshness

Unknown

GDP / Output

+5.1% YoY

75

$135.9B

Output changed +5.1% in 2024.

Vintage date unknown

State growth4.4%
U.S. growth5.3%

Jobs

Unemployment rate

71

3.3%

Unemployment is 3.3% for July 2026.

Vintage date unknown

State avg3.4%
U.S. avg4.1%

Population

+2.4% 5-year

64

10,626

Population moved +2.4% over the latest ACS window.

Vintage date unknown

State population11,810,293
U.S. population334,922,499

Housing

Rent share of income

73

19.0%

Median rent consumes 19.0% 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

Unavailable per resident

NA

Unavailable

Federal spending data is unavailable for this geography.

Vintage date unknown

State totalUnavailable
U.S. total$5.3T
USAspending federal inflow temporarily unavailable.

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

Unavailable

No federal obligations were reported for this geography.

Top agencies

Dollars

No agencies reported.

Top recipients

Dollars

No recipients reported.

Affordable

Housing Affordability

19.0%

of median income

1BR estimate$788
2BR estimate$1,038
Median income$60,833
Median home value$208,800

ACS context

Quick Facts

Population

10,626

Median age

50.6

Bachelor's degree+

29.9%

Poverty rate

9.9%

Labor force participation

61.6%

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
  • USAspending federal inflow temporarily unavailable.
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.5%

GDP CAGR

+5.9%

Federal flow

N/A

Population (5 years)
202010,376
202110,748
202210,714
202310,677
202410,626
GDP (5 years)
2020$102.2B
2021$111.0B
2022$122.2B
2023$129.3B
2024$135.9B

2-year linear forecast

Predictive Outlook

Population forecast

202410,626
202510,757 *
202610,800 *

R² = 21.0% · * projected

GDP forecast

2024$135.9B
2025$145.9B *
2026$154.5B *

R² = 99.0% · * 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$60,833/yr
Median rent$961/mo
Rent share of income19.0%
Est. mortgage (30yr, 6.5%)$12,670/yr
Mortgage share of income20.8%

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

employment snapshot

Job Market

Unemployment rate3.3%
State avg3.4%
U.S. avg4.1%
Labor force participation61.6%
Poverty rate9.9%

Data from BLS LAUS / CPS. July 2026.

valuation snapshot

Real Estate

Median home value$208,800
Median monthly rent$961
Price-to-rent ratio18.1x

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

composite score

Investment Climate

Investment climateStrong
Composite score71/100
Economic growth75/100
Labor market71/100
Population momentum64/100
Overall stability71/100

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

Location Context

Richmond Heights city, Ohio

City/Town

Part of

Cleveland, OH

Nearby locations

Highland Heights, OHEuclid, OHSouth Euclid, OHLyndhurst, OHWickliffe, OH