Richland, MI
Population 1,014 · Michigan
About Richland, MI
Richland is a small town located in Michigan with a population of 1,014 residents according to the latest US Census Bureau American Community Survey data. The median household income is $84,333 per year, which is 12% above the national median of $75,149. The median age of 39.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Richland features a median home value of $248,400, which is 1% above the national median of $244,900. This positions Richland in a moderately priced market relative to the rest of the country. Median monthly rent is $1,292, 11% above the national average of $1,163/month. Of the 385 total housing units, 79% are owner-occupied (299 units) and 21% are renter-occupied (79 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Richland shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 9.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Richland have an average one-way commute time of 26.4 minutes.
Education & Demographics
47.2% of Richland residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 5.4% White, 4.8% Hispanic or Latino, 0.7% Black or African American, and 0.0% Asian residents, with 1.7% of the population being foreign-born.
Cost of Living in Richland, MI
Compared to national averages, Richland has a median household income of $84,333 (12% above the national median of $75,149). Home values average $248,400, which is 1% above the national median. Monthly rent at $1,292 is 11% above the US average of $1,163. Within Michigan, Richland's income is 28% above the state average of $66,017, and home values are 35% above the state median of $183,391.
Why Live in Richland, MI?
Richland offers a strong local economy with a median household income of $84,333, well above the national average, and a well-educated community where 47.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 9.4%, better than the national average.
Richland has a population of 1,014 with a median age of 39.5 years. Compare Richland with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Richland
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Harbor Springs | 1,015 | $60,556 | $368,100 | Compare |
| Chums Corner | 1,012 | $72,933 | $279,200 | Compare |
| Hesperia | 1,007 | $44,271 | $121,300 | Compare |
| Lake Victoria | 1,002 | $123,594 | $301,900 | Compare |
| Roscommon | 1,029 | $54,375 | $81,600 | Compare |
| Beaverton | 1,036 | $31,625 | $102,900 | Compare |
| Vineyard Lake | 1,038 | $83,636 | $266,900 | Compare |
| Lake Linden | 1,042 | $42,961 | $93,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
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, MI?
The population of Richland, MI is 1,014 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Richland?
The median household income in Richland, MI is $84,333 per year, which is 12% above the national median of $75,149.
What is the median home value in Richland?
The median home value in Richland, MI is $248,400, which is 1% above 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, MI is $1,292, which is 11% above the national average of $1,163/month.
What is the unemployment rate in Richland?
The unemployment rate in Richland, MI is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Richland, MI a good place to live?
Richland offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,014 and a median age of 39.5, the city appeals to a broad range of residents.
How educated is Richland, MI?
47.2% of residents in Richland aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Richland?
Key cost-of-living indicators for Richland, MI: median home value is $248,400 (1% above national), median rent is $1,292/month, and median household income is $84,333. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Richland?
The poverty rate in Richland, MI is 9.4%, 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, MI?
Richland's population is 5.4% White, 4.8% Hispanic or Latino, 0.7% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.7% of residents are foreign-born.