Richmond County, New York: commercial real estate data.
Richmond County, New York had an estimated 498,212 residents on July 1, 2024, up 0.4 percent since the 2020 census base of 496,251, across 58 square miles. County output reached $23.78 bn in 2024, 9,684 establishments operate here, and the SBA record carries 465 7(a) approvals worth $144.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Richmond County
How many people live in Richmond County
- Population, American Community Survey 2020-2024494,956
- Households170,777
- Average household size2.90
- Median household income$98,333
- Median age40.6
- Median gross rent$1,733 per month
- Median owner-occupied home value$675,500
- Home value to household income6.9 times
- Annual rent as a share of median income21.1 percent
- Adults 25 and over with a bachelor degree or higher35.7 percent
- Adults 25 and over with a graduate degree14.1 percent
- Adults 25 and over347,481
- Population under 18106,789
- Share under 1821.6 percent
- Population 65 and over85,255
- Share 65 and over17.2 percent
- Working age population, 18 to 64302,912
- Civilian labor force239,830
- Unemployment rate5.6 percent
- Labor force participation, adults 18 and over61.8 percent
- Rank by population among New York counties10th of 62
- Rank by population among US county-equivalents, Puerto Rico included147th of 3,222
Richmond County is the 10th largest of 62 New York counties by population. A median home costs 6.9 times median household income, which is severely unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 21.6 percent against 17.2 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Richmond County
Is Richmond County's population growing?
- Population, July 1, 2024498,212
- Census 2020 base population496,251
- Population change since the 2020 census base0.40 percent
- Population change, 2023 to 20243,438
- Births, 20244,845
- Deaths, 20243,980
- Natural change, 2024865
- Net domestic migration, 2024-1,240
- Net international migration, 20243,783
- Total net migration, 20242,543
- Cumulative net domestic migration, 2021 to 2024-9,413
- Rank by growth among US county-equivalents1678th of 3,144
The county has grown 0.40 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Richmond County
Where are people moving to Richmond County from?
- Tax returns filed by households arriving9,527
- People arriving, from those returns18,280
- Tax returns filed by households leaving11,597
- Net household movement-2,070
- Adjusted gross income arriving$577.5 m
- Net adjusted gross income movement$-441.5 m
- Average income of an arriving household$60,615
- Average income of a leaving household$87,863
- Largest single originKings County (5,163 households)
- Largest single destinationKings County (1,502 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Kings County | 5,163 | 10,961 | $304.1 m |
| Queens County | 700 | 1,288 | $40.5 m |
| New York County | 546 | 916 | $40.3 m |
| Bronx County | 274 | 500 | $11.5 m |
| Middlesex County | 222 | 372 | $16.4 m |
| Monmouth County | 175 | 305 | $13.0 m |
| Hudson County | 170 | 261 | $13.4 m |
| Nassau County | 108 | 163 | $7.8 m |
Households arriving report $27,248 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Kings County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Richmond County
What is the Richmond County economy?
- County GDP, 2024$23.78 bn
- County GDP, 2023$22.19 bn
- GDP change, 2023 to 20247.2 percent
- GDP change over five years31.2 percent
- Rank by GDP among the New York areas BEA publishes14th of 62
- Rank by GDP among the US county areas BEA publishes230th of 3,127
- GDP per resident$48,043
Output grew 7.2 percent in the latest year and 31.2 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Richmond County
Employment by industry in Richmond County
- Covered employment, annual average137,006
- Establishments reporting10,738
- Average annual pay$68,887
- Average weekly wage$1,325
- Health care and social assistance, employment32,407
- Health care and social assistance, average annual pay$65,419
- Transportation and warehousing, employment20,068
- Transportation and warehousing, average annual pay$80,643
- Retail trade, employment14,214
- Retail trade, average annual pay$40,103
- Construction, employment9,872
- Construction, average annual pay$85,328
- Accommodation and food services, employment8,652
- Administrative and support and waste management services, employment5,553
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 32,407 | 1,335 | $65,419 |
| Transportation and warehousing | 20,068 | 345 | $80,643 |
| Retail trade | 14,214 | 1,218 | $40,103 |
| Construction | 9,872 | 1,377 | $85,328 |
| Accommodation and food services | 8,652 | 908 | $27,809 |
| Administrative and support and waste management services | 5,553 | 556 | $53,284 |
| Other services, except public administration | 4,923 | 964 | $37,398 |
| Educational services | 4,026 | 191 | $49,266 |
Health care and social assistance is the largest private sector at 32,407 jobs, 23.7 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Richmond County
How many businesses are in Richmond County?
- Establishments, all industries9,684
- Employment at those establishments115,371
- Annual payroll$6.25 bn
- Establishments per 1,000 residents19.6
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Richmond County
Building permits in Richmond County
- Housing units authorized by permit, 2024480
- Declared construction value permitted$99.1 m
- Single family units authorized108
- Multifamily units authorized372
- Multifamily share of units77.5 percent
- Average declared value per unit$206,432
- Units authorized per 1,000 households2.8
Multifamily is 77.5 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Richmond County
SBA loans in Richmond County (7(a) and 504)
- 7(a) approvals recorded465
- 7(a) gross approval dollars$144.9 m
- Average 7(a) approval$311,542
- Median 7(a) approval$100,000
- 10th percentile approval$25,000
- 90th percentile approval$747,200
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)2,452
- Jobs per approval5.3
- Distinct 7(a) lenders active59
- Distinct industries receiving approvals162
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer9.0 percent
- Loans on real estate terms42
- Loans on working capital terms, 120 months or shorter415
- Franchise loans22
- Franchise share of approvals4.7 percent
- Leading industry by approval countResidential Remodelers (24)
- Most active lenderTD Bank, National Association (186)
- 504 approvals recorded39
- 504 gross approval dollars$49.3 m
- Average 504 approval$1,263,077
- Median 504 approval$616,000
- Distinct CDCs active3
- 504 jobs per approval7.1
- 504 jobs per million dollars approved5.6
- Most active CDCEmpire State Certified Development Corporation (26)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$194.1 m
The average approval of $311,542 sits well above the median of $100,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 9.0 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Richmond County
SBA loan default and charge-off rates in Richmond County
Do SBA loans in Richmond County get paid back?
- Loans with a final outcome recorded60
- Paid in full45
- Charged off15
- Charge-off rate on resolved loans25.0 percent
- Status: Exempt from disclosure308
- Status: Cancelled66
- Status: Paid in full45
- Status: Charged off15
- Status: Committed, not yet disbursed31
Of the 60 loans that have reached a final outcome, 25.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Richmond County
SBA lending by place in Richmond County
- Borrower cities with recorded lending3
- Staten Island, approvals463
- New York, approvals1
- Brooklyn, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Staten Island | 463 | $144,541,800 |
| New York | 1 | $175,000 |
| Brooklyn | 1 | $150,000 |
Staten Island accounts for 463 approvals against 1 in New York. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Richmond County
How large is Richmond County?
- Land area58 sq mi
- Rank by land area among New York counties60th of 62
- Width, east to west10.7 mi
- Height, north to south10.5 mi
- Geographies sharing a boundary0
- Residents per square mile of land8,534
- Establishments per square mile166.97
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Richmond County
Flood risk in Richmond County
- Communities in the county in the NFIP Community Status Book1
- Of those, participating in the NFIP1
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Richmond County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The EPA places Richmond County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Richmond County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Richmond County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024494,956
- Households170,777
- Average household size2.90
- Median household income$98,333
- Median age40.6
Common questions
Richmond County questions, answered from the record.
How many people live in Richmond County, New York?
The Census Bureau estimates 498,212 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 494,956, in 170,777 households, ranking 10th of 62 New York counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Richmond County's population growing?
The population has grown 0.40 percent since the 2020 census base of 496,251, to 498,212 on July 1, 2024. In 2024 there were 4,845 births against 3,980 deaths, with net migration of 2,543. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Richmond County?
$98,333. The median owner-occupied home is valued at $675,500, which is 6.9 times income, and median gross rent is $1,733 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Richmond County?
9,684 establishments, employing 115,371 people with an annual payroll of $6.25 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Richmond County?
Health care and social assistance is the largest private sector at 32,407 jobs, 23.7 percent of covered employment. Covered employment averages 137,006 jobs at an average annual pay of $68,887, or $1,325 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Richmond County?
465 7(a) approvals totaling $144.9 m since FY2020, across 59 lenders, with a median approval of $100,000, plus 39 504 approvals worth $49.3 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Richmond County get paid back?
Of the 60 loans that have reached a final outcome, 45 were paid in full and 15 charged off, a charge-off rate of 25.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Richmond County?
480 housing units were authorized by permit in 2024, with a declared construction value of $99.1 m. Multifamily was 77.5 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Richmond County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Richmond County come from?
The largest single origin is Kings County, with 5,163 households. Arriving households report an average income of $60,615 against $87,863 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Richmond County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Richmond County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Richmond County
Cities and places in Richmond.
1 Census place lies wholly or partly in Richmond County. It carries enough published place level data for a page of its own and is linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| New York | city | 8,483,844 | 1 | 17.0 percent here, 36.3 percent Queens County, 23.4 percent Kings County, 14.0 percent Bronx County, 9.4 percent New York County |
A further 464 of the county's 465 SBA 7(a) approvals are to borrowers in cities that match no Census place in Richmond County, the largest being Staten Island (463), Brooklyn (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby
Sharing a boundary with Richmond.
No county-equivalent shares a land boundary with Richmond County.