New Richmond, IN
Population 441 · Indiana
About New Richmond, IN
New Richmond is a small community in Indiana with a population of 441 residents. The median household income is $80,104 per year, which is above the national average. The median age in New Richmond is 37.5 years.
Housing in New Richmond has a median home value of $81,500 and median monthly rent of $1,063. Of the 176 total housing units, the majority are owner-occupied, with 150 owner-occupied and 13 renter-occupied units.
The unemployment rate in New Richmond is 6.8% and the poverty rate is 6.3%. 10.8% of residents hold a bachelor's degree or higher. The average commute time is 43.5 minutes.
Cost of Living in New Richmond, IN
Compared to national averages, New Richmond has a median household income of $80,104 (7% above the national median of $75,149). Home values average $81,500, which is 67% below the national median. Monthly rent at $1,063 is 9% below the US average of $1,163. Within Indiana, New Richmond's income is 16% above the state average of $69,330, and home values are 50% below the state median of $163,409.
Why Live in New Richmond, IN?
New Richmond offers a strong local economy with a median household income of $80,104, well above the national average, and affordable housing with a median home value of $81,500, below the US average of $244,900, and rent that’s lower than the national average at $1,063/month. Additionally, the city features a low poverty rate of 6.3%, better than the national average.
New Richmond has a population of 441 with a median age of 37.5 years. Compare New Richmond with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near New Richmond
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Chrisney | 441 | $62,500 | $96,100 | Compare |
| Center Point | 442 | $92,604 | $96,200 | Compare |
| Hatfield | 442 | $77,857 | $128,000 | Compare |
| Delaware | 438 | $73,663 | $162,300 | Compare |
| Bruceville | 445 | $52,750 | $86,900 | Compare |
| Lake Holiday Hideaway | 445 | $68,191 | $97,600 | Compare |
| Center | 436 | $83,569 | $239,500 | Compare |
| Altona | 447 | $64,232 | $111,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Richmond
What is the population of New Richmond, IN?
The population of New Richmond, IN is 441 according to the latest Census data.
What is the median household income in New Richmond?
The median household income in New Richmond, IN is $80,104 per year.
What is the median home value in New Richmond?
The median home value in New Richmond, IN is $81,500.
What is the average rent in New Richmond?
The median monthly rent in New Richmond, IN is $1,063.
What is the unemployment rate in New Richmond?
The unemployment rate in New Richmond, IN is 6.8%.