Skip to main content

Richmond, Missouri Demographics & Population 2026

Very AffordableHome value to income ratio of 2.4x is exceptionally low

During the 2020–2024 ACS period, Richmond, Missouri had a total population of 5,959, the 128th largest city in Missouri, with a median household income of $59,556, which is 16% lower than the state average. The poverty rate is 16.3%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Richmond Quick Facts

Population 5,959
Median Household Income $59,556
Median Home Value $142,600
Poverty Rate 16.3%
Unemployment Rate 3.6%
Median Age 40.1 years
Homeownership Rate 56.9%
Affordability Ratio 2.4x
Bachelor's Degree or Higher 13.2%
High School Graduation Rate 90.0%
Diversity Index 17/100
Population 5,959 128th of 1,062
Median Income $59,556 average
Poverty Rate 16.3% 31% higher than national
Median Home Value $142,600 average

How Richmond Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population5,9795,959-0.3%
Median household income$58,906$59,556+1.1%
Median home value$135,500$142,600+5.2%

How Richmond Compares

Economy & Housing

Household Income Distribution

Under $25K 26.2%
$25K-$50K 20.4%
$50K-$100K 31.5%
$100K+ 22.0%
Detailed income brackets
Under $10K
6.0%
$10K-$15K
8.0%
$15K-$20K
4.8%
$20K-$25K
7.3%
$25K-$30K
7.0%
$30K-$35K
2.2%
$35K-$40K
5.5%
$40K-$45K
3.3%
$45K-$50K
2.3%
$50K-$60K
3.8%
$60K-$75K
13.5%
$75K-$100K
14.2%
$100K-$125K
6.8%
$125K-$150K
5.6%
$150K-$200K
7.7%
$200K+
1.9%

Employment

3.6% Unemployment Rate State: 4.0%|National: 5.2%
52.7% Labor Force Participation

Housing Overview

Owner 56.9%
Renter 43.1%
Affordability Index Very Affordable
2.4x home value to income ratio
Median gross rent $722/mo 14.5% of median household income annually

People & Demographics

Diversity Index

17out of 100
Very Low Diversity

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

State average: 40 | National average: 61

Education

Richmond Rankings in Missouri

#128 Population of 1,062
#395 Median Income of 955
#587 Education of 1,062
#409 Home Value of 941

Other Cities in Ray County

CityPopulationMedian IncomePovertyHome Value
Wood Heights 784 $89,688 6.4% $212,800
Orrick 727 $73,000 7.1% $139,600
Hardin 681 $78,320 10.1% $106,300
Crystal Lakes 436 $69,107 23.4% $152,300
Henrietta 390 $60,417 24.2% $51,400
Vibbard 244 $94,250 16.0% $289,300
Homestead 146 $66,250 5.5% $131,300
Camden 135 $50,000 13.3% $58,800
Rayville 84 $2,499 69.0% N/A
Fleming 68 $53,750 10.3% $129,200

Cities Similar to Richmond

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Pevely6,055$56,000$219,60018.4%17.9%
Sullivan6,310$63,370$163,20018.9%11.5%
Macon5,466$61,642$151,80022.4%10.5%
Waynesville5,442$56,836$200,00032.0%16.5%
St. Robert5,356$62,641$225,30032.8%19.2%

Population Overview

Richmond is a small city located in Missouri, within Ray County. The total population is 5,959. It ranks as the 128th most populous out of 1,062 Census-designated places in Missouri.

Age Demographics

The median age in Richmond is 40.1 years. This is 3% higher than the state median of 39.0 years.

Economy, Income & Housing

The median household income in Richmond is $59,556. This is 16% lower than the state median of $70,702. It is also 26% lower than the national median of $80,734. The poverty rate stands at 16.3%. This is 30% higher than the state poverty rate of 12.6%. The unemployment rate is 3.6%. This is 10% lower than the state rate of 4.0%. The median home value is $142,600. Housing costs are 38% lower than the state median of $230,300. With a home-value-to-income ratio of just 2.4x, Richmond is one of the most affordable housing markets in the area. 56.9% of occupied housing units are owner-occupied. This homeownership rate is 16% lower than the state average of 68.1%.

Race & Ethnicity

Richmond has a predominantly White (non-Hispanic) population, comprising 90.9% of all residents. Hispanic or Latino residents account for 3.5%. The Black or African American population (0.6%) is well below the state average of 10.9%. The Asian population (0.6%) is well below the state average of 2.1%.

Education

13.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 59% lower than the state rate of 32.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.0%.

Data Sources & Methodology

All demographic data for Richmond, Missouri 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 Missouri state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,062 Census-designated places in Missouri. 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 Missouri city and county demographics as CSV. Download Cities CSV | Download Counties CSV

Frequently Asked Questions

What is the population of Richmond, Missouri?

Richmond, Missouri has a population of 5,959 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Richmond, MO?

The median household income in Richmond is $59,556, which is 26% lower than the national median of $80,734.

What is the poverty rate in Richmond, MO?

The poverty rate in Richmond is 16.3%. This means approximately 949 residents live below the federal poverty line.

What is the racial makeup of Richmond, Missouri?

Richmond's population is 90.9% White, 0.6% Black, 3.5% Hispanic/Latino, and 0.6% Asian.

What is the median home value in Richmond, MO?

The median home value in Richmond is $142,600. The home-value-to-income ratio is 2.4x.

How educated is Richmond, Missouri?

13.2% of adults (25+) in Richmond hold a bachelor's degree or higher, and 4.6% hold a graduate or professional degree.