Richmond, Indiana

Moving to or Living in Richmond Pros and Cons, Cost of Living, Crime Rate, Demographics

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

Explore the life in Richmond based on crime, public schools, cost of living, real estate, housing, properties, job opportunities, and local amenities data and Statistics.

  1. Overview - Life In Richmond
  2. Pros and Cons of Living In Richmond
  3. Crime In Richmond
  4. Cost of Living In Richmond
  5. Gender In Richmond
  6. Household Income For Richmond
  7. Education In Richmond
  8. Race & Ethnicity In Richmond
About Richmond, Indiana
Is Richmond, Indiana a good place to live?
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.

A high school education is a basic prerequisite for most jobs, and in Richmond, only 87% of adults have a high school diploma, compared to the 87.7% of adults nationwide. 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. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Richmond, only 21% of adults have a bachelor's degree and 31% have some college but no degree.

Cost of living in Richmond is 77, which is 23% lower than national average. 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.
Population
35467
Unemployment
5.6%
19% NAT AVG.
Poverty
22.1%
58% NAT AVG.
Overall Score
5
Median Home
$86300
62% NAT AVG.
Median Income
$40871
39% NAT AVG.
Median Rent
$704
39% NAT AVG.
Cost Of Living
77
23% NAT AVG.
People Living BPL
1 in 5
Unemployed People
1 in 18
People Earning < $10,000
1 in 12
People Earning < $50,000
59.1%
People with <= High School
1 in 2.1
People With Any Degree
1 in 3.3
Pros & Cons Overview

Jobs50%

Housing40%

Affordability80%

Safety85%

Amenities85%

Diversity80%

Education60%

Commute90%


Cost of Living
Expense Richmond Indiana National Avg.
Services 82 93 100
Groceries 90 93 100
Health 77 94 100
Housing 48 74 100
Transportation 101 95 100
Utilities 90 96 100
Cost of Living
Gender
Gender Richmond Indiana Country
Female 51.9% 50.7% 50.8%
Male 48.1% 49.3% 49.2%
Gender

Household Income


Income Richmond Indiana Country
Less than $10,000 8.6% 5.9% 5.8%
$10,000 to $14,999 7.5% 4.1% 4.1%
$15,000 to $24,999 14.8% 9.5% 8.5%
$25,000 to $34,999 13.2% 9.9% 8.6%
$35,000 to $49,999 15% 13.6% 12.0%
$50,000 to $74,999 18.8% 19.2% 17.2%
$75,000 to $99,999 9.9% 13.5% 12.8%
$100,000 to $149,999 8.8% 14.7% 15.6%
$150,000 to $199,999 1.6% 5.2% 7.1%
$200,000 or more 1.8% 4.4% 8.3%
Education


Education Richmond Indiana Country
< 9th Grade 4% 4% 5.0%
9-12th Grade 9% 7% 7.0%
High School or GED 35% 33% 27.0%
Other College 22% 20% 20.0%
Associate's Degree 9% 9% 9%
Bachelor's Degree 12% 17% 20.0%
Master's Degree 6% 7% 9.0%
Professional Degree 1% 2% 2.0%
Doctorate Degree 2% 1% 1.0%
Household Income
Education
Race / Ethnicity


Ethnicity Richmond Indiana Country
White 80.9% 78.4% 60.1%
African American 7.7% 9.3% 12.2%
American Indian 0.1% 0.2% 0.6%
Asian 1.8% 2.3% 5.6%
Hawaiian 0% 0% 0.2%
Other 0.5% 0.3% 0.3%
Multiracial 4.1% 2.4% 2.8%
Hispanic 4.8% 7.1% 18.2%
Race / Ethnicity