Richland County, SC
2019 Population = 415,759
2019 Poverty Rate = 16.2% (0.362% 1-Year Decrease)
2022 US Senators = Lindsey Graham (R) and Tim Scott (R)
2019 Median Age = 33.8
2019 Median Household Income = $52,293 (0.257% 1-Year Growth)
2019 Median Property Value = $176,200 (7.7% 1-Year Growth)
2019 Employed Population = 192,235 (1.6% 1-Year Decline)
Is The Time Right?
Selling your land in Richland County, SC should be easy, however, it might get difficult soon. Inflation across the country continues to climb and it’s putting pressure on American wallets. The added expenses for everyday staples like bread and milk, and the increase in interest rates for borrows and institutional buyers will damper demand and send prices down. Land values may be more resilient in the short term, but ultimately they will follow in the steps of the housing market. Distressed house? The folks at Soda City House Buyers will pay cash for unwanted property.
Richland County, SC had a population of about 416,000 people in 2019. The median age was 33.8 and the median household income was $52,293. The population of Richland County, SC grew between 2018 and 2019 by 0.285%. Median household income also grew, during that period, by 0.257%. The three largest ethnic groups in Richland County are Black or African American (47.5%), White (41.4%), and Asian (3.03%). About 96% of the residents in Richland County, SC are U.S. citizens. The largest university is the University of South Carolina, followed by Columbia College, and Columbia International University.
The median property value in Richland County, SC was $176,200, and the homeownership rate was 59.2%. Most people in Richland County, SC drove alone to work, and the average commute time was 22.5 minutes. The average car ownership in Richland County, SC was 2 cars per household.
Richland County, SC is home to 416,000 people. 96.4% are U.S. citizens. 5.6% of Richland County, SC residents were born outside of the country, about 23,000 people. In 2019, Black or African American residents totaled 197,000 people. There were 172,000 White residents and about 13,000 Asian residents.
About 23,000 residents of Richland County, SC were born outside of the United States, which is lower than the national average of 13.7%. In 2018, the percentage of foreign-born citizens in Richland County, SC was 5.4%, meaning that the rate has been increasing. The chart above shows the percentage of foreign-born residents in Richland County, SC compared to that of other nearby counties.
Median household income in Richland County, SC is $52,293. The economy of Richland County, SC employs 192k people. The largest industries in Richland County, SC are Educational Services, followed by, Health Care & Social Assistance, and Accommodation & Food Services. The highest paying industries are Real Estate & Rental & Leasing.
Households in Richland County, SC have a median annual income of $52,293, which is less than the median annual income of $65,712 across the entire United States. This is in comparison to a median income of $52,159 in 2018, which represents a 0.257% annual growth.
Employment by Industry
Employment in Richland County, SC declined at a rate of −1.6%, from 195k employees to 192k employees. The most common employment sectors for those who live in Richland County, SC, are Educational Services, Health Care & Social Assistance, and Accommodation & Food Services. The chart above shows the breakdown of the primary industries for residents of Richland County, SC, though some of these residents may live in Richland County, SC and work somewhere else.
Universities in Richland County, SC awarded about 12,000 degrees. There are more female students in Richland County, SC, with 18,351 male students and 24,882 female students. Most students graduating from Universities in Richland County, SC are White, followed by Black or African American, Hispanic or Latino, and Two or More Races. The largest universities in Richland County, SC by number of degrees awarded are University of South Carolina-Columbia, Columbia College (217934), and Columbia International University. The most popular majors in Richland County, SC are General Business Administration & Management, General Finance, and Other Public Health. The median tuition costs in Richland County, SC are $14,600 for private four year colleges, and $12,288 and $33,528 respectively, for public four year colleges for in-state students and out-of-state students.
In 2019, the median property value in Richland County, SC grew to $176,200 from the previous year’s value of $163,600.
The following charts display, first, the property values in Richland County, SC compared to it’s parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Richland County, SC the largest share of households have a property value in the $200k – $250k range.