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Richmond County, NY

RANK #215 / 996  ·  POP 492,925  ·  NY

PROJECTED GROWTH: +2.0%

Richmond County is growing steadily, with strong fundamentals across jobs, wages, and population.

[01] Why Richmond County?

Richmond County, coextensive with Staten Island, offers a distinct suburban feel within New York City, a characteristic often noted by locals. It is the least populated borough, providing more green space than its urban counterparts. Historic Richmond Town, a living history village, stands as a notable landmark, preserving centuries of local culture. Commute options to Manhattan include the free Staten Island Ferry, a 25-minute ride offering views of the Statue of Liberty, and express bus services. The borough also features extensive parkland, including the Staten Island Greenbelt and Fresh Kills Park, which is being transformed from a former landfill into a large park.

Life in Richmond County often appeals to families and those seeking a quieter pace within the metropolitan area. The public school system, part of the New York City Department of Education, includes top-ranked schools like Staten Island Technical High School. The economy is supported by sectors such as healthcare and education, with ongoing investments in commercial and residential developments. Efforts are also underway to promote job growth in industries like logistics, manufacturing, and green energy, particularly along the working waterfront.

[02] Market Snapshot

Housing Ratio
17.3x

Overvalued relative to economy

GDP Growth
+3.8%

Above national median

Home Prices
+5.2%

Outpacing national median

Climate & Terrain
0.2

Moderate climate & terrain

Price/Rent
20x

Prices detached from rents

Housing looks overvalued at 17.3x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Richmond County U.S. National

The Numbers

DEMOGRAPHICS
Population
492,925
-0.05% YoY
Median Household Income
$96,185
Median Home Value
$637,100
+5.23% 12mo
Median Rent
$1,602
Average Annual Pay
$68,887
+4.7% YoY
Employment
137,006
+3.5% YoY
Income-to-Home-Value
0.151
Less affordable than average
Migration Inflow
2.0%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$705,000
Days on Market
48
Moderate pace
Months of Supply
3.3
Balanced market
Sale-to-List Ratio
97.2%
Negotiation room for buyers
Sold Above List
24.4%
Listings w/ Price Drops
13.6%
Building Permits (2024)
480
Single-Family Permits
108

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,149M
TOTAL
PROJECT AMOUNT STATUS
Staten Island North Shore Action Plan (Empire Outlets & Former NY Wheel Site Redevelopment)
NYCEDC (New York City Economic Development Corporation)
$400M Proposed
Resilient New York Energy Storage
Undisclosed (planned by NYSERDA)
$349M Planned
New Stapleton Waterfront Development
NYCEDC
$300M Under Construction
Lighthouse Point Mixed-Use Development (Phase One)
Triangle Equities and NYCEDC
$50M Completed
Community Solar Portfolio (Staten Island)
SolarBank, Solar Simplified, Bloom Energy, RWE Clean Energy, CVI CleanCapital Solar 4 LLC, Public Service Elec & Gas Co, Bed Bath & Beyond, IGS Solar I LLC, IGS ORIX Solar I LLC, EnterSolar
$50M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.8% 70 percentile
Population Growth -0.1% 27 percentile
Income Growth +7.6% 27 percentile
Vacancy Rate 1.6% 21 percentile
Home Price Change +5.2% 91 percentile
Rent Growth +3.1% 52 percentile
Price/Rent 20x 8 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Richmond County, NY a good place to move to?

Richmond County has a Boom Town Index score of 78/100, ranking #215 among 996 U.S. counties. With job growth at +3.5% and a median household income of $96,185, it's an above-average county on economic indicators.

Is Richmond County affordable?

The median home value in Richmond County is $637,100 with median rent at $1,602/month. The income-to-home-value ratio is 0.151, which is less affordable than the national average.

Is Richmond County growing or shrinking?

Population growth: -0.1% year-over-year. Job growth: +3.5%. Home values changed +5.2% in the past 12 months.

[08] Similar Metros

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