Richmond West CDP, FL Profile: Facts & Data

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Richmond West CDP, Florida - Basic Facts

The Richmond West Census Designated Place had a population of 37,490 as of July 1, 2020. Richmond West CDP ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Richmond West CDP is located at latitude 25.6105 and longitude -80.4297 in Miami-Dade County. The formal boundaries for the Richmond West Census Designated Place encompass a land area of 4.17 sq. miles and a water area of 0.12 sq. miles.

The Richmond West Census Designated Place (GNIS ID: 1853280) has a U2 Census Class Code which indicates a census designated place without an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Richmond West Census Designated Place is located within Kendale Lakes-Tamiami CCD of Miami-Dade County.

Alternate Unofficial Names for Richmond West CDP: Richmond West.

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Richmond West CDP, FL Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 37,490 (100%)
Population in Households 37,408 (99.8%)
Population in Families 34,440 (91.9%)
Population in Group Quarters1 82 ( 0.2%)
Population Density 8,987
Diversity Index2 48
 
 

INCOME

Median Household Income $77,431
Average Household Income $90,021
% of Income for Mortgage4 17%
Per Capita Income $24,812
Wealth Index5 82
 

HOUSING

Total HU (Housing Units) 10,670 (100%)
Owner Occupied HU 8,016 (75.1%)
Renter Occupied HU 2,312 (21.7%)
Vacant Housing Units 342 ( 3.2%)
Median Home Value $304,905
Average Home Value $325,505
Housing Affordability Index3 138
 

HOUSEHOLDS

Total Households 10,328
Average Household Size 3.62
Family Households 9,260
Average Family Size 4
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 1.57% 1.13%
Households 1.44% 0.99%
Families 1.44% 1.01%
Median Household Income   1.86%
Per Capita Income   2.36%
Owner Occupied HU   0.88%

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Richmond West CDP, FL - Peer Comparisons by Rank and Percentile

The table below compares Richmond West CDP to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 111 88th
Population Density # 26 97th
Median Household Income # 173 81st
Housing Affordability Index # 341 37th
Per Capita Income # 585 36th
Diversity Index # 475 48th

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

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