Richmond city, Indiana Demographics & Population 2026
As of 2026, Richmond city, Indiana has a total population of 35,551, the 28th largest city in Indiana, with a median household income of $46,395, which is 34% lower than the state average. The poverty rate is 23.2%.
Key Takeaways
- Household income is 34% below the state average, indicating significant economic challenges.
- Housing is very affordable with a home-value-to-income ratio of just 2.3x.
Richmond city Quick Facts
How Richmond city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
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: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Richmond city Rankings in Indiana
Explore Indiana Rankings
Cities Similar to Richmond city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Goshen city | 34,374 | $55,436 | $175,200 | 23.2% | 18.1% |
| New Albany city | 37,589 | $54,152 | $169,600 | 22.8% | 18.4% |
| Michigan City city | 31,894 | $52,979 | $129,000 | 18.8% | 19.3% |
| Merrillville town | 36,343 | $64,791 | $194,000 | 25.2% | 13.7% |
| Valparaiso city | 34,377 | $67,664 | $250,500 | 40.6% | 14.0% |
Population Overview
Richmond city is a mid-sized community located in Indiana. The total population is 35,551. It ranks as the 28th most populous out of 967 cities and towns in Indiana.
Age Demographics
The median age in Richmond city is 38.1 years. This is about average than the state median of 38.0 years.
Economy, Income & Housing
The median household income in Richmond city is $46,395. This is 34% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 41% lower. The poverty rate stands at 23.2%. This is 90% higher than the state poverty rate of 12.2%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 7.2%. This is 67% higher than the state rate of 4.3%. The median home value is $107,600. Housing costs are 47% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.3x, Richmond city is one of the most affordable housing markets in the area. 57.5% of occupied housing units are owner-occupied. This homeownership rate is 18% lower than the state average of 70.3%.
Race & Ethnicity
The largest racial or ethnic group in Richmond city is White (non-Hispanic), making up 79.3% of the population. Black or African American residents account for 6.6%.
Education
20.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 29% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 86.7%.
Data Sources & Methodology
All demographic data for Richmond city, Indiana 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 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. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Richmond city, Indiana?
Richmond city, Indiana has a population of 35,551 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Richmond city, IN?
The median household income in Richmond city is $46,395, which is 41% lower the national median of $78,538.
What is the poverty rate in Richmond city, IN?
The poverty rate in Richmond city is 23.2%. This means approximately 7,795 residents live below the federal poverty line.
What is the racial makeup of Richmond city, Indiana?
Richmond city's population is 79.3% White, 6.6% Black, 5.2% Hispanic/Latino, and 1.7% Asian.
What is the median home value in Richmond city, IN?
The median home value in Richmond city is $107,600. The home-value-to-income ratio is 2.3x.
How educated is Richmond city, Indiana?
20.6% of adults (25+) in Richmond city hold a bachelor's degree or higher, and 8.6% hold a graduate or professional degree.