Richland, MS
Population 7,250 · Mississippi
About Richland, MS
Richland is a small town located in Mississippi with a population of 7,250 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,611 per year, which is 15% below the national median of $75,149. The median age of 37.2 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 $131,300, which is 46% 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 $1,146, 1% below the national average of $1,163/month. Of the 3,128 total housing units, 74% are owner-occupied (2,171 units) and 26% are renter-occupied (751 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Richland shows an unemployment rate of 4.8%, which is near the national rate of 3.7%. The poverty rate stands at 14.4%, above the national average of 12.4%. Workers in Richland have an average one-way commute time of 19.3 minutes, one of the shorter commutes in the region.
Education & Demographics
25.1% of Richland 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 1.9% White, 0.9% Hispanic or Latino, 0.0% Black or African American, and 2.1% Asian residents, with 3.9% of the population being foreign-born.
Cost of Living in Richland, MS
Compared to national averages, Richland has a median household income of $63,611 (15% below the national median of $75,149). Home values average $131,300, which is 46% below the national median. Monthly rent at $1,146 is 1% below the US average of $1,163. Within Mississippi, Richland's income is 27% above the state average of $49,929, and home values are 4% above the state median of $125,705.
Why Live in Richland, MS?
Richland offers affordable housing with a median home value of $131,300, below the US average of $244,900, and rent that’s lower than the national average at $1,146/month, and short commute times averaging just 19.3 minutes.
Potential considerations include median household income ($63,611) 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 7,250 with a median age of 37.2 years. Compare Richland with other cities to see how it stacks up, or explore all cities in Mississippi.
Similar Cities Near Richland
Cities in Mississippi with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Batesville | 7,432 | $46,492 | $190,800 | Compare |
| Waveland | 7,066 | $58,795 | $201,800 | Compare |
| Philadelphia | 7,030 | $36,781 | $95,600 | Compare |
| Kosciusko | 6,994 | $36,490 | $115,900 | Compare |
| Holly Springs | 6,861 | $47,344 | $110,900 | Compare |
| New Albany | 7,661 | $46,276 | $150,000 | Compare |
| St. Martin | 7,797 | $53,488 | $171,300 | Compare |
| Amory | 6,564 | $51,592 | $140,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Mississippi
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, MS?
The population of Richland, MS is 7,250 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Mississippi.
What is the median household income in Richland?
The median household income in Richland, MS is $63,611 per year, which is 15% below the national median of $75,149.
What is the median home value in Richland?
The median home value in Richland, MS is $131,300, which is 46% 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, MS is $1,146, which is 1% below the national average of $1,163/month.
What is the unemployment rate in Richland?
The unemployment rate in Richland, MS is 4.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Richland, MS a good place to live?
Richland offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 7,250 and a median age of 37.2, the city appeals to a broad range of residents.
How educated is Richland, MS?
25.1% 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, MS: median home value is $131,300 (46% below national), median rent is $1,146/month, and median household income is $63,611. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Richland?
The poverty rate in Richland, MS is 14.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Richland, MS?
Richland's population is 1.9% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 2.1% Asian, and 17.2% two or more races. 3.9% of residents are foreign-born.