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Richmond village, Illinois Demographics & Population 2026

As of 2026, Richmond village, Illinois has a total population of 2,530, the 461st largest city in Illinois, with a median household income of $70,379, which is 14% lower than the state average. The poverty rate is 5.6%.

Key Takeaways

Richmond village Quick Facts

Population 2,530
Median Household Income $70,379
Median Home Value $225,800
Poverty Rate 5.6%
Unemployment Rate 9.9%
Median Age 36.6 years
Homeownership Rate 55.4%
Affordability Ratio 3.2x
Bachelor's Degree or Higher 26.3%
High School Graduation Rate 95.3%
Diversity Index 24/100
Population 2,530 461st of 1,445
Median Income $70,379 average
Poverty Rate 5.6% 55% lower national
Median Home Value $225,800 top 20%

How Richmond village Compares

Economy & Housing

Employment

9.9% Unemployment Rate State: 5.8% | National: 5.2%
67.6% Labor Force Participation

Housing Overview

Owner 55.4%
Renter 44.6%
Affordability Index Affordable
3.2x home value to income ratio

People & Demographics

Diversity Index

24out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 60 | National average: 60

Education

Richmond village Rankings in Illinois

#461 Population of 1,445
#615 Median Income of 1,445
#393 Education of 1,445
#282 Home Value of 1,445

Cities Similar to Richmond village

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Brighton village2,536$74,327$123,00016.4%12.7%
Carthage city2,508$75,179$115,60037.5%6.2%
Carrollton city2,528$64,464$114,10019.5%10.2%
Sheridan village2,610$73,214$183,2003.1%16.8%
Altamont city2,500$76,198$132,20018.6%14.2%

Population Overview

Richmond village is a small community located in Illinois. The total population is 2,530. It ranks as the 461st most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Richmond village is 36.6 years. This is 6% lower than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Richmond village is $70,379. This is 14% lower than the state median of $81,702. Compared to the national median of $78,538, household income here is 10% lower. The poverty rate stands at 5.6%. This is 52% lower than the state poverty rate of 11.7%. The unemployment rate is 9.9%. This is 70% higher than the state rate of 5.8%. The median home value is $225,800. Housing costs are 10% lower than the state median of $250,500. The home-value-to-income ratio is 3.2x. 55.4% of occupied housing units are owner-occupied. This homeownership rate is 17% lower than the state average of 66.8%.

Race & Ethnicity

Richmond village has a predominantly White (non-Hispanic) population, comprising 86.8% of all residents. Hispanic or Latino residents account for 8.8%. The Black or African American population (0.4%) is well below the state average of 13.6%. The Hispanic or Latino population (8.8%) is well below the state average of 18.5%.

Education

26.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 29% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.3%.

Data Sources & Methodology

All demographic data for Richmond village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Richmond village, Illinois?

Richmond village, Illinois has a population of 2,530 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Richmond village, IL?

The median household income in Richmond village is $70,379, which is 10% lower the national median of $78,538.

What is the poverty rate in Richmond village, IL?

The poverty rate in Richmond village is 5.6%. This means approximately 141 residents live below the federal poverty line.

What is the racial makeup of Richmond village, Illinois?

Richmond village's population is 86.8% White, 0.4% Black, 8.8% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Richmond village, IL?

The median home value in Richmond village is $225,800. The home-value-to-income ratio is 3.2x.

How educated is Richmond village, Illinois?

26.3% of adults (25+) in Richmond village hold a bachelor's degree or higher, and 12.2% hold a graduate or professional degree.