Richey, MT
Population 215 · Montana
About Richey, MT
Richey is a small community located in Montana with a population of 215 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,250 per year, which is 12% below the national median of $75,149. The median age of 45.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Richey features a median home value of $105,600, which is 57% below the national median of $244,900. This makes Richey one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $455, 61% below the national average of $1,163/month. Of the 142 total housing units, 72% are owner-occupied (68 units) and 28% are renter-occupied (27 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Richey shows an unemployment rate of 8.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Richey have an average one-way commute time of 25.4 minutes.
Education & Demographics
16.4% of Richey 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 1.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 3.3% of the population being foreign-born.
How Richey Ranks in Montana
Cost of Living in Richey, MT
Compared to national averages, Richey has a median household income of $66,250 (12% below the national median of $75,149). Home values average $105,600, which is 57% below the national median. Monthly rent at $455 is 61% below the US average of $1,163. Within Montana, Richey's income is 1% above the state average of $65,821, and home values are 63% below the state median of $288,703.
Why Live in Richey, MT?
Richey offers affordable housing with a median home value of $105,600, below the US average of $244,900, and rent that’s lower than the national average at $455/month, and a low poverty rate of 7.9%, better than the national average.
Potential considerations include median household income ($66,250) that falls below the national average. However, Richey’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Richey has a population of 215 with a median age of 45.5 years. Compare Richey with other cities to see how it stacks up, or explore all cities in Montana.
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Demographics
Racial & Ethnic Composition
Economy & Education
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Other Cities in Montana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Richey
What is the population of Richey, MT?
The population of Richey, MT is 215 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Montana.
What is the median household income in Richey?
The median household income in Richey, MT is $66,250 per year, which is 12% below the national median of $75,149.
What is the median home value in Richey?
The median home value in Richey, MT is $105,600, which is 57% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Richey?
The median monthly rent in Richey, MT is $455, which is 61% below the national average of $1,163/month.
What is the unemployment rate in Richey?
The unemployment rate in Richey, MT is 8.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Richey, MT a good place to live?
Richey offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 215 and a median age of 45.5, the city appeals to established professionals and retirees.
How educated is Richey, MT?
16.4% of residents in Richey 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 Richey?
Key cost-of-living indicators for Richey, MT: median home value is $105,600 (57% below national), median rent is $455/month, and median household income is $66,250. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Richey?
The poverty rate in Richey, MT is 7.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Richey, MT?
Richey's population is 1.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 3.3% of residents are foreign-born.