Richmond, IN
Population 35,551 · Indiana
About Richmond, IN
Richmond is a mid-sized city in Indiana with a population of 35,551 residents. The median household income is $46,395 per year, which is below the national average. The median age in Richmond is 38.1 years.
Housing in Richmond has a median home value of $107,600 and median monthly rent of $815. Of the 17,287 total housing units, the majority are owner-occupied, with 8,424 owner-occupied and 6,224 renter-occupied units.
The unemployment rate in Richmond is 7.2% and the poverty rate is 23.2%. 20.6% of residents hold a bachelor's degree or higher. The average commute time is 18 minutes.
How Richmond Ranks in Indiana
Cost of Living in Richmond, IN
Compared to national averages, Richmond has a median household income of $46,395 (38% below the national median of $75,149). Home values average $107,600, which is 56% below the national median. Monthly rent at $815 is 30% below the US average of $1,163. Within Indiana, Richmond's income is 33% below the state average of $69,330, and home values are 34% below the state median of $163,409.
Why Live in Richmond, IN?
Richmond offers affordable housing with a median home value of $107,600, below the US average of $244,900, and rent that’s lower than the national average at $815/month, and short commute times averaging just 18 minutes.
Potential considerations include median household income ($46,395) 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 35,551 with a median age of 38.1 years. Compare Richmond with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Richmond
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Plainfield | 35,783 | $85,074 | $263,900 | Compare |
| Merrillville | 36,343 | $64,791 | $194,000 | Compare |
| Valparaiso | 34,377 | $67,664 | $250,500 | Compare |
| Goshen | 34,374 | $55,436 | $175,200 | Compare |
| Crown Point | 34,042 | $95,757 | $272,800 | Compare |
| New Albany | 37,589 | $54,152 | $169,600 | Compare |
| Portage | 37,951 | $72,833 | $210,800 | Compare |
| Michigan City | 31,894 | $52,979 | $129,000 | 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 Richmond
What is the population of Richmond, IN?
The population of Richmond, IN is 35,551 according to the latest Census data.
What is the median household income in Richmond?
The median household income in Richmond, IN is $46,395 per year.
What is the median home value in Richmond?
The median home value in Richmond, IN is $107,600.
What is the average rent in Richmond?
The median monthly rent in Richmond, IN is $815.
What is the unemployment rate in Richmond?
The unemployment rate in Richmond, IN is 7.2%.