New Richmond, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, New Richmond, Indiana had a total population of 433, the 540th largest town in Indiana, with a median household income of $80,329, which is 12% higher than the state average. The poverty rate is 6.9%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 1.1x.
New Richmond Quick Facts
How New 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 | 441 | 433 | -1.8% |
| Median household income | $80,104 | $80,329 | +0.3% |
| Median home value | $81,500 | $89,200 | +9.4% |
How New 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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
New Richmond Rankings in Indiana
Explore Indiana Rankings
Other Cities in Montgomery County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Crawfordsville | 16,491 | $55,033 | 15.2% | $134,000 |
| Ladoga | 1,144 | $61,667 | 11.2% | $130,600 |
| Lake Holiday | 845 | $109,306 | 0.0% | $291,100 |
| Waynetown | 805 | $60,583 | 16.5% | $128,700 |
| Darlington | 798 | $57,656 | 12.0% | $120,500 |
| Linden | 590 | $67,981 | 10.2% | $141,800 |
| New Market | 509 | $67,969 | 1.8% | $142,300 |
| Waveland | 475 | $52,292 | 18.5% | $108,600 |
| New Ross | 364 | $64,167 | 17.0% | $145,000 |
| Wingate | 296 | $64,375 | 13.2% | $76,000 |
Cities Similar to New Richmond
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Ramsey | 439 | N/A | $206,700 | 27.6% | 11.8% |
| Dubois | 439 | $80,988 | $288,600 | 32.0% | 18.2% |
| Owensburg | 447 | N/A | $325,000 | 10.3% | 11.0% |
| Riley | 441 | $77,083 | $108,800 | 24.5% | 21.4% |
| Greens Fork | 436 | $74,875 | $96,300 | 18.4% | 6.9% |
A note before these figures: with a population of 433, New Richmond's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
New Richmond is a small community located in Indiana, within Montgomery County. The total population is 433. It ranks as the 540th most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in New Richmond is 37.7 years. This is 1% lower than the state median of 38.1 years.
Economy, Income & Housing
The median household income in New Richmond is $80,329. This is 12% higher than the state median of $71,957. It is also about the same as the national median of $80,734. The poverty rate stands at 6.9%. This is 44% lower than the state poverty rate of 12.3%. The unemployment rate is 3.5%. This is 19% lower than the state rate of 4.3%. The median home value is $89,200. Housing costs are 59% lower than the state median of $218,200. With a home-value-to-income ratio of just 1.1x, New Richmond is one of the most affordable housing markets in the area. 90.6% of occupied housing units are owner-occupied. This homeownership rate is 28% higher than the state average of 70.5%.
Race & Ethnicity
New Richmond has a predominantly White (non-Hispanic) population, comprising 97.5% of all residents. Asian residents account for 1.1%. The Hispanic or Latino population (0.5%) is well below the state average of 8.6%. The Asian population (1.1%) is well below the state average of 2.6%.
Education
11.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 62% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 77.8%.
Data Sources & Methodology
All demographic data for New Richmond, Indiana 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 Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. 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 New Richmond, Indiana?
New Richmond, Indiana has a population of 433 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in New Richmond, IN?
The median household income in New Richmond is $80,329, which is about the same as the national median of $80,734.
What is the poverty rate in New Richmond, IN?
The poverty rate in New Richmond is 6.9%. This means approximately 30 residents live below the federal poverty line.
What is the racial makeup of New Richmond, Indiana?
New Richmond's population is 97.5% White, 0.0% Black, 0.5% Hispanic/Latino, and 1.1% Asian.
What is the median home value in New Richmond, IN?
The median home value in New Richmond is $89,200. The home-value-to-income ratio is 1.1x.
How educated is New Richmond, Indiana?
11.3% of adults (25+) in New Richmond hold a bachelor's degree or higher, and 2.2% hold a graduate or professional degree.