Richmond, IL
Population 2,530 · Illinois
About Richmond, IL
Richmond is a small community in Illinois with a population of 2,530 residents. The median household income is $70,379 per year, which is above the national average. The median age in Richmond is 36.6 years.
Housing in Richmond has a median home value of $225,800 and median monthly rent of $1,183. Of the 1,373 total housing units, the majority are owner-occupied, with 673 owner-occupied and 542 renter-occupied units.
The unemployment rate in Richmond is 9.9% and the poverty rate is 5.6%. 26.3% of residents hold a bachelor's degree or higher. The average commute time is 31.6 minutes.
Cost of Living in Richmond, IL
Compared to national averages, Richmond has a median household income of $70,379 (6% below the national median of $75,149). Home values average $225,800, which is 8% below the national median. Monthly rent at $1,183 is 2% above the US average of $1,163. Within Illinois, Richmond's income is 6% below the state average of $75,072, and home values are 36% above the state median of $165,779.
Why Live in Richmond, IL?
Richmond offers affordable housing with a median home value of $225,800, below the US average of $244,900, and a low poverty rate of 5.6%, better than the national average.
Potential considerations include median household income ($70,379) that falls below the national average. However, Richmond’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Richmond has a population of 2,530 with a median age of 36.6 years. Compare Richmond with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Richmond
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Carrollton | 2,528 | $64,464 | $114,100 | Compare |
| Seneca | 2,525 | $91,065 | $206,400 | Compare |
| Brighton | 2,536 | $74,327 | $123,000 | Compare |
| Tilton | 2,537 | $53,246 | $71,700 | Compare |
| Galva | 2,543 | $55,446 | $77,800 | Compare |
| Kenilworth | 2,543 | $250,001 | $1,409,800 | Compare |
| Carthage | 2,508 | $75,179 | $115,600 | Compare |
| Altamont | 2,500 | $76,198 | $132,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Richmond
What is the population of Richmond, IL?
The population of Richmond, IL is 2,530 according to the latest Census data.
What is the median household income in Richmond?
The median household income in Richmond, IL is $70,379 per year.
What is the median home value in Richmond?
The median home value in Richmond, IL is $225,800.
What is the average rent in Richmond?
The median monthly rent in Richmond, IL is $1,183.
What is the unemployment rate in Richmond?
The unemployment rate in Richmond, IL is 9.9%.