Richmond, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Richmond, Indiana had a total population of 35,581, the 28th largest city in Indiana, with a median household income of $45,399, which is 37% lower than the state average. The poverty rate is 25.4%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 37% below the state average, indicating significant economic challenges.
- More than 1 in 4 residents live below the poverty line (25.4%), well above the national average of 12.4%.
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 | 35,551 | 35,581 | +0.1% |
| Median household income | $46,395 | $45,399 | -2.1% |
| Median home value | $107,600 | $114,400 | +6.3% |
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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Richmond Rankings in Indiana
Explore Indiana Rankings
Other Cities in Wayne County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Centerville | 2,772 | $49,688 | 14.2% | $149,200 |
| Cambridge City | 1,657 | $51,071 | 19.9% | $103,100 |
| Hagerstown | 1,642 | $56,484 | 10.7% | $119,600 |
| Dublin | 870 | $51,406 | 3.2% | $97,700 |
| Fountain City | 702 | $47,802 | 17.9% | $96,200 |
| Spring Grove | 464 | $58,359 | 21.3% | $126,900 |
| Greens Fork | 436 | $74,875 | 6.9% | $96,300 |
| Milton | 323 | $47,083 | 13.6% | $83,900 |
| Boston | 246 | $70,893 | 30.8% | $75,500 |
| East Germantown | 229 | $45,179 | 7.0% | $95,400 |
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 |
|---|---|---|---|---|---|
| New Albany | 37,581 | $54,710 | $180,500 | 23.7% | 18.9% |
| Goshen | 34,420 | $59,184 | $184,900 | 23.7% | 17.1% |
| Michigan City | 31,814 | $53,089 | $143,100 | 20.3% | 19.8% |
| Merrillville | 36,476 | $67,587 | $211,400 | 26.1% | 12.6% |
| Valparaiso | 34,733 | $69,872 | $267,300 | 40.6% | 14.9% |
Population Overview
Richmond is a mid-sized community located in Indiana, within Wayne County. The total population is 35,581. It ranks as the 28th most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Richmond is 38.6 years. This is 1% higher than the state median of 38.1 years.
Economy, Income & Housing
The median household income in Richmond is $45,399. This is 37% lower than the state median of $71,957. It is also 44% lower than the national median of $80,734. The poverty rate stands at 25.4%. This is 106% higher than the state poverty rate of 12.3%. 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 6.9%. This is 60% higher than the state rate of 4.3%. The median home value is $114,400. Housing costs are 48% lower than the state median of $218,200. With a home-value-to-income ratio of just 2.5x, Richmond is one of the most affordable housing markets in the area. 57.2% of occupied housing units are owner-occupied. This homeownership rate is 19% lower than the state average of 70.5%.
Race & Ethnicity
The largest racial or ethnic group in Richmond is White (non-Hispanic), making up 78.8% of the population. Black or African American residents account for 6.2%.
Education
20.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 32% 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 85.7%.
Data Sources & Methodology
All demographic data for 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.
Free data download: Get all Indiana city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Richmond, Indiana?
Richmond, Indiana has a population of 35,581 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Richmond, IN?
The median household income in Richmond is $45,399, which is 44% lower than the national median of $80,734.
What is the poverty rate in Richmond, IN?
The poverty rate in Richmond is 25.4%. This means approximately 8,580 residents live below the federal poverty line.
What is the racial makeup of Richmond, Indiana?
Richmond's population is 78.8% White, 6.2% Black, 5.4% Hispanic/Latino, and 1.5% Asian.
What is the median home value in Richmond, IN?
The median home value in Richmond is $114,400. The home-value-to-income ratio is 2.5x.
How educated is Richmond, Indiana?
20.1% of adults (25+) in Richmond hold a bachelor's degree or higher, and 8.3% hold a graduate or professional degree.