Population
239,584
Land Area
12,870
haAnnual Operating Budget
$581.5M
expensesTrends and Profile
Richmond Population Trend
Annual estimates, 2011–2025
Fiscal Trends (2021–2024)
Revenue and expense per person over 4 years
Fiscal Report Card
These metrics reflect reported financial data and do not capture local context such as major infrastructure investments, one-time grants, natural disasters, or policy decisions. Learn more
Fiscal Trajectory
60.6
scoreFiscal trajectory score of 60.6 is above the band average of 50.0, placing this municipality among improving peers.
Fiscal Balance
$973
/ personOperating surplus of $973/person is 1.2× the band average of $828. Ranks 4th of 10 in the band.
Tax Burden
$1,411
/ personPer-person taxation of $1,411 is 14% above the band average. Residents contribute $176 more per person than typical peers.
Debt Load
7.6%
capacity usedLiability capacity used is 7.6%, near the band average of 14.8%. Ranking 5th of 10 in the band.
Revenue Resilience
4.1%
grant dependencyGrant dependency of 4.1% is below the band average of 9.1%, indicating stronger revenue self-sufficiency.
Service Efficiency
$2,427
/ personTotal spending of $2,427/person is $174 above the band average of $2,253, ranking 6th of 10 in the band.
What's Driving These Numbers
Tax Revenue by Property Class
How the annual municipal tax levy is split across property classes. A higher residential share means homeowners carry more of the tax burden.
Share of total municipal tax levy by property class
Annual Homeowner Cost
Estimated taxes on a median-value home
A typical homeowner pays $6,298/year, in line with the band average of $5,510.
Estimated annual property tax bill on a median-value home (all dwelling types — not single-family only). See methodology.
Learn more ↗Estimated taxes on a median-value home
Estimated annual property tax bill on a median-value home (all dwelling types — not single-family only). See methodology.
A typical homeowner pays $6,298/year, in line with the band average of $5,510.
Learn more ↗$6,298 / yr
Estimated taxes on a median-value home
Estimated annual property tax bill on a median-value home (all dwelling types — not single-family only). See methodology.
A typical homeowner pays $6,298/year, in line with the band average of $5,510.
Residential Tax Base
Share of assessed property value from residential
75.0% of the tax base is residential, below the band average of 80.9%. A more diversified tax base than peers.
Learn more ↗Share of assessed property value from residential
75.0% of the tax base is residential, below the band average of 80.9%. A more diversified tax base than peers.
Learn more ↗75.0%
Share of assessed property value from residential
75.0% of the tax base is residential, below the band average of 80.9%. A more diversified tax base than peers.
Population Growth
Change over 5 years (2020–2025)
Population grew 9.4% over 5 years, compared to the band average of 14.5%.
Learn more ↗Change over 5 years (2020–2025)
Population grew 9.4% over 5 years, compared to the band average of 14.5%.
Learn more ↗+9.4%
Change over 5 years (2020–2025)
Population grew 9.4% over 5 years, compared to the band average of 14.5%.
Development Activity
Building permit value per capita (trailing 12 months)
$1,673 in building permits per person, below the band average of $6,020.
Learn more ↗Building permit value per capita (trailing 12 months)
$1,673 in building permits per person, below the band average of $6,020.
Learn more ↗$1,673 / cap
Building permit value per capita (trailing 12 months)
$1,673 in building permits per person, below the band average of $6,020.
Revenue Breakdown / person
Expense Breakdown / person
Peer Comparison
Comparing against 8 municipalities in the 150,000+ band.
| Municipality | Type | Population▼ | Rev/Cap | Exp/Cap | Surplus/Cap | Debt/Cap | Tax Bill | Tax Coll. % | Liab. Used % | 5yr Growth |
|---|---|---|---|---|---|---|---|---|---|---|
| Vancouver | C | 740,454 | $4,273 | $3,111 | $1,162 | $1,388 | $8,052 | 95.0% | 22.9% | +5.6% |
| Surrey | C | 703,531 | $2,468 | $1,615 | $853 | $420 | $6,752 | 97.4% | 7.0% | +19.3% |
| Burnaby | C | 299,682 | $3,262 | $2,223 | $1,039 | $0 | $5,761 | 98.9% | 0.0% | +15.8% |
| Richmond | C | 239,584 | $3,400 | $2,427 | $973 | $372 | $6,298 | 97.5% | 7.6% | +9.4% |
| Abbotsford | C | 175,358 | $2,406 | $2,028 | $378 | $179 | $5,754 | 98.2% | 7.7% | +10.2% |
| Coquitlam | C | 173,599 | $3,420 | $2,072 | $1,348 | $57 | $7,289 | 98.6% | 1.7% | +13.1% |
| Kelowna | C | 167,654 | $3,403 | $2,484 | $919 | $346 | $5,885 | 98.1% | 10.8% | +13.4% |
| Langley | D | 163,885 | $531 | $397 | $134 | $132 | $6,874 | 98.5% | 4.1% | +20.6% |