Richview, IL
Population 242 · Illinois
About Richview, IL
Richview is a small community located in Illinois with a population of 242 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,750 per year, which is 15% below the national median of $75,149. The median age of 43.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Richview features a median home value of $93,300, which is 62% below the national median of $244,900. This makes Richview one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 107 total housing units, 99% are owner-occupied (102 units) and 1% are renter-occupied (1 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Richview shows an unemployment rate of 15.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 9.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Richview have an average one-way commute time of 21.9 minutes.
Education & Demographics
11.0% of Richview residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 1.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Richview, IL
Compared to national averages, Richview has a median household income of $63,750 (15% below the national median of $75,149). Home values average $93,300, which is 62% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Richview's income is 15% below the state average of $75,072, and home values are 44% below the state median of $165,779.
Why Live in Richview, IL?
Richview offers affordable housing with a median home value of $93,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 9.5%, better than the national average. Additionally, the city features short commute times averaging just 21.9 minutes.
Potential considerations include median household income ($63,750) that falls below the national average. However, Richview’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Richview has a population of 242 with a median age of 43.3 years. Compare Richview with other cities to see how it stacks up, or explore all cities in Illinois.
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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 Richview
What is the population of Richview, IL?
The population of Richview, IL is 242 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Richview?
The median household income in Richview, IL is $63,750 per year, which is 15% below the national median of $75,149.
What is the median home value in Richview?
The median home value in Richview, IL is $93,300, which is 62% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Richview?
The median monthly rent in Richview, IL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Richview?
The unemployment rate in Richview, IL is 15.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Richview, IL a good place to live?
Richview offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 242 and a median age of 43.3, the city appeals to a broad range of residents.
How educated is Richview, IL?
11.0% of residents in Richview aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Richview?
Key cost-of-living indicators for Richview, IL: median home value is $93,300 (62% below national), median rent is $0/month, and median household income is $63,750. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Richview?
The poverty rate in Richview, IL is 9.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Richview, IL?
Richview's population is 0.0% White, 1.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.