Richmond, KY
Population 35,498 · Kentucky
About Richmond, KY
Richmond is a mid-sized city in Kentucky with a population of 35,498 residents. The median household income is $48,223 per year, which is below the national average. The median age in Richmond is 28.1 years.
Housing in Richmond has a median home value of $205,900 and median monthly rent of $860. Of the 16,184 total housing units, renting is more common than owning, with 5,918 owner-occupied and 8,823 renter-occupied units.
The unemployment rate in Richmond is 6.7% and the poverty rate is 21.6%. 34.3% of residents hold a bachelor's degree or higher. The average commute time is 23.8 minutes.
How Richmond Ranks in Kentucky
Cost of Living in Richmond, KY
Compared to national averages, Richmond has a median household income of $48,223 (36% below the national median of $75,149). Home values average $205,900, which is 16% below the national median. Monthly rent at $860 is 26% below the US average of $1,163. Within Kentucky, Richmond's income is 27% below the state average of $66,273, and home values are 13% above the state median of $182,504.
Why Live in Richmond, KY?
Richmond offers affordable housing with a median home value of $205,900, below the US average of $244,900, and rent that’s lower than the national average at $860/month, and a well-educated community where 34.3% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 23.8 minutes.
Potential considerations include median household income ($48,223) 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 35,498 with a median age of 28.1 years. Compare Richmond with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Richmond
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Georgetown | 38,206 | $78,373 | $244,200 | Compare |
| Florence | 32,334 | $68,508 | $196,200 | Compare |
| Elizabethtown | 31,870 | $56,250 | $223,200 | Compare |
| Nicholasville | 31,625 | $67,514 | $210,700 | Compare |
| Hopkinsville | 31,011 | $47,428 | $140,200 | Compare |
| Covington | 40,902 | $58,814 | $167,900 | Compare |
| Independence | 29,024 | $98,653 | $240,500 | Compare |
| Jeffersontown | 28,988 | $78,185 | $236,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
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, KY?
The population of Richmond, KY is 35,498 according to the latest Census data.
What is the median household income in Richmond?
The median household income in Richmond, KY is $48,223 per year.
What is the median home value in Richmond?
The median home value in Richmond, KY is $205,900.
What is the average rent in Richmond?
The median monthly rent in Richmond, KY is $860.
What is the unemployment rate in Richmond?
The unemployment rate in Richmond, KY is 6.7%.