Life in Richmond research summary. HomeSnacks has been using Saturday Night Science to research the quality of life in Richmond over the past nine years using Census, FBI, Zillow, and other primary data sources. Based on the most recently available data, we found the following about life in Richmond:
The population in Richmond is 35,551.
The median home value in Richmond is $151,962.
The median income in Richmond is $46,395.
The cost of living in Richmond is 82 which is 0.8x lower than the national average.
The median rent in Richmond is $815.
The unemployment rate in Richmond is 7.2%.
The poverty rate in Richmond is 23.2%.
The average high in Richmond is 60.9° and the average low is 40.6°.
Cost of living in Richmond summary. We use data on the cost of living to determine how expensive it is to live in Richmond. Real estate prices drive most of the variance in cost of living around Indiana. Key points include:
The cost of living in Richmond is 82 with 100 being average.
The cost of living in Richmond is 0.8x lower than the national average.
The median home value in Richmond is $151,962.
The median income in Richmond is $46,395.
| Living Expense | Richmond | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 82 | 92 | 100 | |
| Services | 87 | 95 | 100 | |
| Groceries | 96 | 97 | 100 | |
| Health | 83 | 94 | 100 | |
| Housing | 54 | 73 | 100 | |
| Transportation | 94 | 94 | 100 | |
| Utilities | 98 | 107 | 100 | |
The average high in Richmond is 60.9° and the average low is 40.6°.
There are 78.6 days of precipitation each year.
Expect an average of 41.6 inches of precipitation each year with 19.3 inches of snow.
| Stat | Richmond |
|---|---|
| Average Annual High | 60.9 |
| Average Annual Low | 40.6 |
| Annual Precipitation Days | 78.6 |
| Average Annual Precipitation | 41.6 |
| Average Annual Snowfall | 19.3 |
The current population in Richmond is 35,551. The population has decreased -4.2% from 2010.
| Year | Population | % Change |
|---|---|---|
| 2023 | 35,551 | -0.3% |
| 2022 | 35,642 | -0.6% |
| 2021 | 35,854 | 1.1% |
| 2020 | 35,467 | -0.2% |
| 2019 | 35,539 | -0.3% |
| 2018 | 35,653 | -0.5% |
| 2017 | 35,819 | -0.7% |
| 2016 | 36,082 | -0.6% |
| 2015 | 36,291 | -0.6% |
| 2014 | 36,527 | -0.5% |
| 2013 | 36,727 | -0.3% |
| 2012 | 36,836 | -0.3% |
| 2011 | 36,939 | -0.5% |
| 2010 | 37,125 | - |
79.3% White with 28,201 White residents.
6.6% African American with 2,348 African American residents.
0.0% American Indian with 15 American Indian residents.
1.7% Asian with 611 Asian residents.
0.0% Hawaiian with 5 Hawaiian residents.
0.5% Other with 172 Other residents.
6.6% Two Or More with 2,352 Two Or More residents.
5.2% Hispanic with 1,847 Hispanic residents.
| Race | Richmond | IN | USA |
|---|---|---|---|
| White | 79.3% | 76.1% | 58.2% |
| African American | 6.6% | 9.1% | 12.0% |
| American Indian | 0.0% | 0.1% | 0.5% |
| Asian | 1.7% | 2.5% | 5.7% |
| Hawaiian | 0.0% | 0.0% | 0.2% |
| Other | 0.5% | 0.4% | 0.5% |
| Two Or More | 6.6% | 3.4% | 3.9% |
| Hispanic | 5.2% | 8.4% | 19.0% |
Richmond is 52.0% female with 18,486 female residents.
Richmond is 48.0% male with 17,065 male residents.
| Gender | Richmond | IN | USA |
|---|---|---|---|
| Female | 52.0% | 50.4% | 50.5% |
| Male | 48.0% | 49.6% | 49.5% |
5.0% of adults in Richmond completed < 9th grade.
9.0% of adults in Richmond completed 9-12th grade.
34.0% of adults in Richmond completed high school / ged.
23.0% of adults in Richmond completed some college.
9.0% of adults in Richmond completed associate's degree.
12.0% of adults in Richmond completed bachelor's degree.
5.0% of adults in Richmond completed master's degree.
2.0% of adults in Richmond completed professional degree.
1.0% of adults in Richmond completed doctorate degree.
| Education | Richmond | IN | USA |
|---|---|---|---|
| < 9th Grade | 5.0% | 3.0% | 5.0% |
| 9-12th Grade | 9.0% | 6.0% | 6.0% |
| High School / GED | 34.0% | 33.0% | 26.0% |
| Some College | 23.0% | 20.0% | 19.0% |
| Associate's Degree | 9.0% | 9.0% | 9.0% |
| Bachelor's Degree | 12.0% | 18.0% | 21.0% |
| Master's Degree | 5.0% | 8.0% | 10.0% |
| Professional Degree | 2.0% | 2.0% | 2.0% |
| Doctorate Degree | 1.0% | 1.0% | 2.0% |
8.8% of households in Richmond earn Less than $10,000.
7.0% of households in Richmond earn $10,000 to $14,999.
12.2% of households in Richmond earn $15,000 to $24,999.
11.9% of households in Richmond earn $25,000 to $34,999.
13.2% of households in Richmond earn $35,000 to $49,999.
15.9% of households in Richmond earn $50,000 to $74,999.
13.6% of households in Richmond earn $75,000 to $99,999.
11.6% of households in Richmond earn $100,000 to $149,999.
2.8% of households in Richmond earn $150,000 to $199,999.
3.0% of households in Richmond earn $200,000 or more.
| Income | Richmond | IN | USA |
|---|---|---|---|
| Less than $10,000 | 8.8% | 4.9% | 4.9% |
| $10,000 to $14,999 | 7.0% | 3.5% | 3.6% |
| $15,000 to $24,999 | 12.2% | 7.1% | 6.6% |
| $25,000 to $34,999 | 11.9% | 7.8% | 6.8% |
| $35,000 to $49,999 | 13.2% | 12.2% | 10.4% |
| $50,000 to $74,999 | 15.9% | 17.9% | 15.7% |
| $75,000 to $99,999 | 13.6% | 13.9% | 12.7% |
| $100,000 to $149,999 | 11.6% | 17.2% | 17.4% |
| $150,000 to $199,999 | 2.8% | 7.9% | 9.3% |
| $200,000 or more | 3.0% | 7.6% | 12.6% |