Richmond, ME
Population 1,946 · Maine
About Richmond, ME
Richmond is a small town located in Maine with a population of 1,946 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,036 per year, which is 4% below the national median of $75,149. The median age of 34.6 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 Richmond features a median home value of $221,600, which is 10% below the national median of $244,900. This positions Richmond in a moderately priced market relative to the rest of the country. Median monthly rent is $1,013, 13% below the national average of $1,163/month. Of the 871 total housing units, 58% are owner-occupied (437 units) and 42% are renter-occupied (315 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Richmond shows an unemployment rate of 5.1%, which is near the national rate of 3.7%. The poverty rate stands at 9.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Richmond have an average one-way commute time of 27 minutes.
Education & Demographics
31.2% of Richmond residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.9% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.6% of the population being foreign-born.
How Richmond Ranks in Maine
Cost of Living in Richmond, ME
Compared to national averages, Richmond has a median household income of $72,036 (4% below the national median of $75,149). Home values average $221,600, which is 10% below the national median. Monthly rent at $1,013 is 13% below the US average of $1,163. Within Maine, Richmond's income is 11% above the state average of $64,613, and home values are 12% below the state median of $251,113.
Why Live in Richmond, ME?
Richmond offers affordable housing with a median home value of $221,600, below the US average of $244,900, and rent that’s lower than the national average at $1,013/month, and a low poverty rate of 9.3%, better than the national average.
Potential considerations include median household income ($72,036) 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 1,946 with a median age of 34.6 years. Compare Richmond with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Richmond
Cities in Maine with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dunstan | 1,916 | $97,632 | $480,600 | Compare |
| Thomaston | 2,021 | $48,563 | $258,700 | Compare |
| Mexico | 2,026 | $46,625 | $99,600 | Compare |
| Veazie | 1,866 | $78,182 | $294,600 | Compare |
| Dexter | 1,840 | $51,667 | $153,200 | Compare |
| Wilton | 1,822 | $55,721 | $163,500 | Compare |
| North Berwick | 1,811 | $54,612 | $296,300 | Compare |
| Berwick | 2,085 | $64,864 | $309,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maine
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Richmond With Other Cities
Frequently Asked Questions about Richmond
What is the population of Richmond, ME?
The population of Richmond, ME is 1,946 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maine.
What is the median household income in Richmond?
The median household income in Richmond, ME is $72,036 per year, which is 4% below the national median of $75,149.
What is the median home value in Richmond?
The median home value in Richmond, ME is $221,600, which is 10% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Richmond?
The median monthly rent in Richmond, ME is $1,013, which is 13% below the national average of $1,163/month.
What is the unemployment rate in Richmond?
The unemployment rate in Richmond, ME is 5.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Richmond, ME a good place to live?
Richmond offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,946 and a median age of 34.6, the city appeals to young professionals and families.
How educated is Richmond, ME?
31.2% of residents in Richmond 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 Richmond?
Key cost-of-living indicators for Richmond, ME: median home value is $221,600 (10% below national), median rent is $1,013/month, and median household income is $72,036. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Richmond?
The poverty rate in Richmond, ME is 9.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Richmond, ME?
Richmond's population is 0.0% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 4.6% of residents are foreign-born.