Richmond, Illinois Demographics & Population 2026
During the 2020–2024 ACS period, Richmond, Illinois had a total population of 2,622, the 450th largest village in Illinois, with a median household income of $73,029, which is 12% lower than the state average. The poverty rate is 5.2%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Unemployment rate of 8.8% is notably above the national average.
Richmond Quick Facts
How Richmond Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 2,530 | 2,622 | +3.6% |
| Median household income | $70,379 | $73,029 | +3.8% |
| Median home value | $225,800 | $238,600 | +5.7% |
How Richmond Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Richmond Rankings in Illinois
Explore Illinois Rankings
Other Cities in McHenry County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Crystal Lake | 40,579 | $108,418 | 6.8% | $311,400 |
| Lake in the Hills | 28,800 | $117,151 | 4.1% | $321,900 |
| McHenry | 28,074 | $86,315 | 4.7% | $266,500 |
| Woodstock | 26,147 | $82,758 | 6.0% | $245,700 |
| Cary | 17,923 | $113,026 | 4.8% | $309,800 |
| Harvard | 9,598 | $67,617 | 11.8% | $175,400 |
| Marengo | 7,040 | $73,523 | 15.7% | $229,900 |
| Johnsburg | 6,386 | $121,023 | 12.1% | $328,300 |
| Spring Grove | 5,917 | $134,210 | 1.4% | $398,400 |
| Lakewood | 4,707 | $173,625 | 3.5% | $552,600 |
Cities Similar to Richmond
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Fairmont | 2,617 | $70,795 | $182,300 | 17.5% | 15.6% |
| Round Lake Heights | 2,592 | $78,986 | $216,800 | 18.4% | 14.5% |
| Lena | 2,761 | $72,663 | $146,000 | 24.6% | 3.1% |
| Bushnell | 2,677 | $67,518 | $71,900 | 15.3% | 9.8% |
| Oakbrook Terrace | 2,723 | $76,905 | $372,400 | 56.6% | 17.3% |
Population Overview
Richmond is a small community located in Illinois, within McHenry County. The total population is 2,622. It ranks as the 450th most populous out of 1,445 Census-designated places in Illinois.
Age Demographics
The median age in Richmond is 35.7 years. This is 8% lower than the state median of 39.0 years.
Economy, Income & Housing
The median household income in Richmond is $73,029. This is 12% lower than the state median of $83,390. It is also 10% lower than the national median of $80,734. The poverty rate stands at 5.2%. This is 56% lower than the state poverty rate of 11.8%. The unemployment rate is 8.8%. This is 52% higher than the state rate of 5.8%. The median home value is $238,600. Housing costs are 9% lower than the state median of $263,300. The home-value-to-income ratio is 3.3x. 51.0% of occupied housing units are owner-occupied. This homeownership rate is 24% lower than the state average of 67.1%.
Race & Ethnicity
The largest racial or ethnic group in Richmond is White (non-Hispanic), making up 83.0% of the population. Hispanic or Latino residents account for 10.1%. The Black or African American population (1.0%) is well below the state average of 13.3%. The Asian population (0.5%) is well below the state average of 5.9%.
Education
26.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 29% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 92.1%.
Data Sources & Methodology
All demographic data for Richmond, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Richmond, Illinois?
Richmond, Illinois has a population of 2,622 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Richmond, IL?
The median household income in Richmond is $73,029, which is 10% lower than the national median of $80,734.
What is the poverty rate in Richmond, IL?
The poverty rate in Richmond is 5.2%. This means approximately 135 residents live below the federal poverty line.
What is the racial makeup of Richmond, Illinois?
Richmond's population is 83.0% White, 1.0% Black, 10.1% Hispanic/Latino, and 0.5% Asian.
What is the median home value in Richmond, IL?
The median home value in Richmond is $238,600. The home-value-to-income ratio is 3.3x.
How educated is Richmond, Illinois?
26.8% of adults (25+) in Richmond hold a bachelor's degree or higher, and 11.5% hold a graduate or professional degree.