Richmond County, New York: commercial real estate data.
Richmond County, New York has a population of 494,956 across 58 square miles, up 0.4 percent since the 2020 census base. 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.
125 sourced county values · tier FULL · 12 sections
Richmond County
How many people live in Richmond County
- Population494,956
- 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-equivalents147th
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 a stretched ownership market and usually shows up as rental demand. 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 growing
- Population change since the 2020 census base0.40 percent
- Census 2020 base population496,251
- 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
The county has grown 0.40 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Richmond County
Where people moving to Richmond County come from
- Tax returns filed by households arriving9,527
- People arriving, from those returns18,280
- Adjusted gross income arriving$577.5 m
- Net adjusted gross income movement$0
- Average income of an arriving household$60,615
- Largest single originRichmond County Non-migrants (194,363 households)
- Largest single destination (194,363 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Richmond County Non-migrants | 194,363 | 377,817 | $16.94 bn |
| Kings County | 5,163 | 10,961 | $304.1 m |
| Other flows - Different State | 1,229 | 2,043 | $75.3 m |
| Queens County | 700 | 1,288 | $40.5 m |
| Other flows - South | 573 | 999 | $34.5 m |
| New York County | 546 | 916 | $40.3 m |
| Other flows - Northeast | 335 | 532 | $20.8 m |
| Bronx County | 274 | 500 | $11.5 m |
The largest single source of arrivals is Richmond County Non-migrants, 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 the Richmond County economy runs on
- 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 New York counties14th
- Rank by GDP among US county-equivalents230th
- 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
Who employs people in Richmond County
- Covered employment, annual average137,006
- Establishments reporting10,738
- Average annual pay$68,887
- Average weekly wage$1,325
- Sector 62, employment32,407
- Sector 62, average annual pay$65,419
- Sector 48-49, employment20,068
- Sector 48-49, average annual pay$80,643
- Sector 44-45, employment14,214
- Sector 44-45, average annual pay$40,103
- Sector 23, employment9,872
- Sector 23, average annual pay$85,328
- Sector 72, employment8,652
- Sector 56, employment5,553
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 32,407 | 1,335 | $65,419 |
| Sector 48-49 | 20,068 | 345 | $80,643 |
| Sector 44-45 | 14,214 | 1,218 | $40,103 |
| Sector 23 | 9,872 | 1,377 | $85,328 |
| Sector 72 | 8,652 | 908 | $27,809 |
| Sector 56 | 5,553 | 556 | $53,284 |
| Sector 81 | 4,923 | 964 | $37,398 |
| Sector 61 | 4,026 | 191 | $49,266 |
The largest sector is the biggest private employer group at 32,407 jobs, 23.7 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Richmond County
What businesses operate 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.
US Census Bureau, County Business Patterns, 2023.
Richmond County
What is being built in Richmond County
- Housing units authorised by permit, 2024480
- Declared construction value permitted$99.1 m
- Single family units authorised108
- Multifamily units authorised372
- Multifamily share of units77.5 percent
- Average declared value per unit$206,432
- Units authorised per 1,000 households2.8
Multifamily is 77.5 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Richmond County
How much SBA lending happens in Richmond County
- 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$750,000
- 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)
- 7(a) share of SBA approvals92.3 percent
- Combined SBA approval dollars$194.1 m
The average approval of $311,542 sits well above the median of $100,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually 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
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.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Richmond County
Which parts of Richmond County get the lending
- Places in the county with recorded lending3
- Staten Island, approvals463
- BROOKLYN, approvals1
- New York, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Staten Island | 463 | $144,541,800 |
| BROOKLYN | 1 | $150,000 |
| New York | 1 | $175,000 |
Staten Island accounts for 463 approvals against 1 in BROOKLYN. 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 big 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
What hazards affect Richmond County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities in the NFIP Community Status Book1
- Of those, participating in the NFIP1
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
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.
- Population494,956
- 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?
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 growing?
The population has grown 0.40 percent since the 2020 census base. 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 there 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 the average wage in Richmond County?
Average annual pay is $68,887, or $1,325 a week, across 137,006 covered jobs. 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 totalling $144.9 m since FY2020, across 59 lenders, with a median approval of $100,000, plus 39 504 approvals worth $49.3 m. 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.
What is being built in Richmond County?
480 housing units were authorised 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 Richmond County Non-migrants, with 194,363 households. Arriving households report an average income of $60,615 against null 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.