Richmond, MO
Population 5,979 · Missouri
About Richmond, MO
Richmond is a small town located in Missouri with a population of 5,979 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,906 per year, which is 22% below the national median of $75,149. The median age of 38.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Richmond features a median home value of $135,500, which is 45% below the national median of $244,900. This makes Richmond one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $734, 37% below the national average of $1,163/month. Of the 2,722 total housing units, 56% are owner-occupied (1,423 units) and 44% are renter-occupied (1,102 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 2.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 16.0%, above the national average of 12.4%. Workers in Richmond have an average one-way commute time of 31.2 minutes.
Education & Demographics
10.7% of Richmond residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.7% White, 2.1% Hispanic or Latino, 0.2% Black or African American, and 0.0% Asian residents, with 0.4% of the population being foreign-born.
Cost of Living in Richmond, MO
Compared to national averages, Richmond has a median household income of $58,906 (22% below the national median of $75,149). Home values average $135,500, which is 45% below the national median. Monthly rent at $734 is 37% below the US average of $1,163. Within Missouri, Richmond's income is 4% below the state average of $61,047, and home values are 10% below the state median of $150,786.
Why Live in Richmond, MO?
Richmond offers affordable housing with a median home value of $135,500, below the US average of $244,900, and rent that’s lower than the national average at $734/month, and a strong job market with an unemployment rate of just 2.4%.
Potential considerations include median household income ($58,906) 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 5,979 with a median age of 38.5 years. Compare Richmond with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Richmond
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Greenwood | 6,000 | $104,638 | $263,300 | Compare |
| Barnhart | 6,036 | $96,042 | $195,700 | Compare |
| Pevely | 6,037 | $64,660 | $203,700 | Compare |
| Battlefield | 6,095 | $87,414 | $207,100 | Compare |
| Glendale | 6,111 | $168,750 | $510,100 | Compare |
| Peculiar | 5,815 | $96,250 | $252,400 | Compare |
| Cottleville | 5,750 | $114,420 | $381,900 | Compare |
| Shrewsbury | 6,328 | $84,942 | $266,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
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, MO?
The population of Richmond, MO is 5,979 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Missouri.
What is the median household income in Richmond?
The median household income in Richmond, MO is $58,906 per year, which is 22% below the national median of $75,149.
What is the median home value in Richmond?
The median home value in Richmond, MO is $135,500, which is 45% 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, MO is $734, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Richmond?
The unemployment rate in Richmond, MO is 2.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Richmond, MO a good place to live?
Richmond offers a moderate cost of living, affordable housing, and a strong job market. With a population of 5,979 and a median age of 38.5, the city appeals to a broad range of residents.
How educated is Richmond, MO?
10.7% 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, MO: median home value is $135,500 (45% below national), median rent is $734/month, and median household income is $58,906. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Richmond?
The poverty rate in Richmond, MO is 16.0%, 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 Richmond, MO?
Richmond's population is 2.7% White, 2.1% Hispanic or Latino, 0.2% Black or African American, 0.0% Asian, and 1.9% two or more races. 0.4% of residents are foreign-born.