Pros and Cons of Living In Richmond, Indiana. Is Richmond, IN a Nice Place To Live or Retire?

Richmond, Indiana

Moving to Richmond In Indiana ? Is Richmond, IN a Nice Place To Live? Pros and Cons of Living in Richmond, Indiana. Find out the best and worst about to live, raise a family or retire in Richmond.

Richmond () is a city in eastern Wayne County, Indiana, United States. Bordering the state of Ohio, it is the county seat of Wayne County. In the 2020 census, the city had a population of 35,720. It is the principal city of the Richmond micropolitan area. Situated largely within Wayne Township, its area includes a non-contiguous portion in nearby Boston Township, where Richmond Municipal Airport is located.

Richmond is sometimes called the "cradle of recorded jazz" because the earliest jazz recordings and records were made at the studio of Gennett Records, a division of the Starr Piano Company. Gennett Records was the first to record such artists as Louis Armstrong, Bix Beiderbecke, Jelly Roll Morton, Hoagy Carmichael, Lawrence...

DEMOGRAPHICS

Population
35467
Unemployment
5.6%
19% NAT AVG.
Poverty
22.1%
58% NAT AVG.
Cost Of Living
77
23% NAT AVG.

ECONOMICS

Median Home Cost
$86300
62% NAT AVG.
Median Income
$40871
39% NAT AVG.
Median Rent
$704
39% NAT AVG.
Overall Score
5

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 5
Unemployed People
1 in 18
People Earning < $10,000
1 in 12
People Earning < $50,000
59.1%
People With Any Degree
1 in 3.3

ETHNICITY

Ethnicity Richmond USA
White 80.9% 60.1%
African American 7.7% 12.2%
American Indian 0.1% 0.6%
Asian 1.8% 5.6%
Hawaiian 0% 0.2%
Multiracial 4.1% 2.8%
Hispanic 4.8% 18.2%
Other 0.5% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Richmond USA
Less than $10,000 8.6% 5.8%
$10,000 to $14,999 7.5% 4.1%
$15,000 to $24,999 14.8% 8.5%
$25,000 to $34,999 13.2% 8.6%
$35,000 to $49,999 15% 12.0%
$50,000 to $74,999 18.8% 17.2%
$75,000 to $99,999 9.9% 12.8%
$100,000 to $149,999 8.8% 15.6%
$150,000 to $199,999 1.6% 7.1%

EDUCATION

Education Richmond USA
< 9th Grade 4% 5.0%
9-12th Grade 9% 7.0%
High School or GED 35% 27.0%
Other College 22% 20.0%
Associate's Degree 9% 9%
Bachelor's Degree 12% 20.0%
Master's Degree 6% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 2% 1.0%
Richmond is a city in Indiana state in USA with a population of 35467 residents.. The poverty rate of Richmond is 22.1%, which is 58% higher than national average. The typical household in Richmond earns $40871 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 12 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 59.1% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Richmond remained 5.6%, which is 19% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Richmond is 77, which is 23% lower than national average. In Richmond, only 21% of adults have a bachelor's degree and 31% have some college but no degree. Median home value in Richmond is $86300 , which is 62% lower than national average. While median income in Richmond remained $40871, which is 39% lower than national average.
Richmond Scorecard

Jobs50%

Housing40%

Affordability80%

Safety85%

Amenities85%

Diversity80%

Education60%

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