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The total population of Richmond is estimated to be 35,642 with 17,005 males (47.71%) and 18,637 females (52.29%). There are 1,632 more females than males in Richmond.
The median household income in Richmond was $44,932 in 2021, which marked an a decrease of 1,381(2.98%) from $46,313 in 2020. This income is 60.23% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Richmond sees its highest median household income among householders in the age group of 45 to 64 years old, at $51,391. Overall, the median household income for the city of Richmond stands at $44,932.
In Richmond, the median income for all workers aged 15 years and older, regardless of work hours, was $30,802 for males and $21,552 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $44,524 for males and $37,320 for females.
In Richmond, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $58,474, while Some Other Race households represent the opposite end with the lowest median household income of $26,812.
In 2022, the population of Richmond was 35,513, a 0.37% decrease year-by-year from 2021. Previously, in 2021, Richmond's population was 35,646, a decline of 0.13% compared to a population of 35,693 in 2020.
The median age in Richmond, IN is 38.2, as per 2021 ACS 5-Year Estimates. Of the total population, 18.53% were under the age of 15, 21.44% aged 15 to 29, 41.69% aged 30 to 64, 15.53% aged 65 to 84, and 2.81% were 85 years of age and older.
Racial distribution of Richmond population: 82.95% are White, 7.73% are Black or African American, 0.55% are American Indian and Alaska Native, 1.83% are Asian, 0.01% are Native Hawaiian and other Pacific Islander, 1.49% are some other race and 5.44% are multiracial.