Richmond, VT
Population 675 · Vermont
About Richmond, VT
Richmond is a small community located in Vermont with a population of 675 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,240 per year, which is 17% below the national median of $75,149. The median age of 36 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 $261,900, which is 7% above 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 $1,814, 56% above the national average of $1,163/month. Of the 329 total housing units, 46% are owner-occupied (142 units) and 54% are renter-occupied (166 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Richmond shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Richmond have an average one-way commute time of 22.7 minutes.
Education & Demographics
75.6% of Richmond 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 0.0% White, 0.7% Hispanic or Latino, 1.9% Black or African American, and 1.2% Asian residents, with 7.1% of the population being foreign-born.
How Richmond Ranks in Vermont
Cost of Living in Richmond, VT
Compared to national averages, Richmond has a median household income of $62,240 (17% below the national median of $75,149). Home values average $261,900, which is 7% above the national median. Monthly rent at $1,814 is 56% above the US average of $1,163. Within Vermont, Richmond's income is 15% below the state average of $72,974, and home values are 2% above the state median of $255,863.
Why Live in Richmond, VT?
Richmond offers a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 75.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.2%, better than the national average. Additionally, the city features short commute times averaging just 22.7 minutes.
Potential considerations include median household income ($62,240) 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 675 with a median age of 36 years. Compare Richmond with other cities to see how it stacks up, or explore all cities in Vermont.
Similar Cities Near Richmond
Cities in Vermont with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wallingford | 680 | $79,750 | $262,900 | Compare |
| Derby Center | 684 | $55,625 | $203,800 | Compare |
| Barton | 697 | $35,341 | $133,800 | Compare |
| Island Pond | 698 | $47,500 | $118,900 | Compare |
| Manchester | 642 | $62,813 | $458,100 | Compare |
| Hartland | 713 | $99,232 | $0 | Compare |
| Westminster | 622 | $90,938 | $285,300 | Compare |
| Jeffersonville | 729 | $57,083 | $305,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Vermont
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, VT?
The population of Richmond, VT is 675 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Vermont.
What is the median household income in Richmond?
The median household income in Richmond, VT is $62,240 per year, which is 17% below the national median of $75,149.
What is the median home value in Richmond?
The median home value in Richmond, VT is $261,900, which is 7% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Richmond?
The median monthly rent in Richmond, VT is $1,814, which is 56% above the national average of $1,163/month.
What is the unemployment rate in Richmond?
The unemployment rate in Richmond, VT is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Richmond, VT a good place to live?
Richmond offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 675 and a median age of 36, the city appeals to a broad range of residents.
How educated is Richmond, VT?
75.6% of residents in Richmond 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 Richmond?
Key cost-of-living indicators for Richmond, VT: median home value is $261,900 (7% above national), median rent is $1,814/month, and median household income is $62,240. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Richmond?
The poverty rate in Richmond, VT is 5.2%, 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, VT?
Richmond's population is 0.0% White, 0.7% Hispanic or Latino, 1.9% Black or African American, 1.2% Asian, and 0.0% two or more races. 7.1% of residents are foreign-born.