Richland, IN
Population 548 · Indiana
About Richland, IN
Richland is a small community located in Indiana with a population of 548 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,635 per year, which is 5% below the national median of $75,149. The median age of 32.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Richland features a median home value of $145,800, which is 40% below the national median of $244,900. This makes Richland one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $930, 20% below the national average of $1,163/month. Of the 237 total housing units, 88% are owner-occupied (188 units) and 12% are renter-occupied (25 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Richland shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Richland have an average one-way commute time of 34.4 minutes.
Education & Demographics
14.7% of Richland 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, 1.1% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Richland, IN
Compared to national averages, Richland has a median household income of $71,635 (5% below the national median of $75,149). Home values average $145,800, which is 40% below the national median. Monthly rent at $930 is 20% below the US average of $1,163. Within Indiana, Richland's income is 3% above the state average of $69,330, and home values are 11% below the state median of $163,409.
Why Live in Richland, IN?
Richland offers affordable housing with a median home value of $145,800, below the US average of $244,900, and rent that’s lower than the national average at $930/month, and a strong job market with an unemployment rate of just 3.4%. Additionally, the city features a low poverty rate of 10.4%, better than the national average.
Potential considerations include median household income ($71,635) that falls below the national average. However, Richland’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Richland has a population of 548 with a median age of 32.6 years. Compare Richland with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Richland
Cities in Indiana with a similar population size.
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.
Compare Richland With Other Cities
Frequently Asked Questions about Richland
What is the population of Richland, IN?
The population of Richland, IN is 548 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Richland?
The median household income in Richland, IN is $71,635 per year, which is 5% below the national median of $75,149.
What is the median home value in Richland?
The median home value in Richland, IN is $145,800, which is 40% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Richland?
The median monthly rent in Richland, IN is $930, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Richland?
The unemployment rate in Richland, IN is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Richland, IN a good place to live?
Richland offers a moderate cost of living, affordable housing, and a strong job market. With a population of 548 and a median age of 32.6, the city appeals to young professionals and families.
How educated is Richland, IN?
14.7% of residents in Richland 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 Richland?
Key cost-of-living indicators for Richland, IN: median home value is $145,800 (40% below national), median rent is $930/month, and median household income is $71,635. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Richland?
The poverty rate in Richland, IN is 10.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Richland, IN?
Richland's population is 0.0% White, 1.1% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.