Richmond, MN Demographics

The total population of Richmond is estimated to be 1,329 with 644 males (48.46%) and 685 females (51.54%). There are 41 more females than males in Richmond.
The median household income in Richmond was $64,247 in 2021, which marked an an increase of 744(1.17%) from $63,503 in 2020. This income is 86.12% 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 $102,349. Overall, the median household income for the city of Richmond stands at $64,247.
In Richmond, the median income for all workers aged 15 years and older, regardless of work hours, was $54,139 for males and $29,162 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $58,463 for males and $46,152 for females.
In Richmond, population is primarily represented by White households, reporting a median income of $63,707.
In 2022, the population of Richmond was 1,506, a 0.80% increase year-by-year from 2021. Previously, in 2021, Richmond's population was 1,494, an increase of 0.34% compared to a population of 1,489 in 2020.
The median age in Richmond, MN is 36.8, as per 2021 ACS 5-Year Estimates. Of the total population, 20.52% were under the age of 15, 17.76% aged 15 to 29, 41.73% aged 30 to 64, 14.78% aged 65 to 84, and 5.21% were 85 years of age and older.
Racial distribution of Richmond population: 94.56% are White, 0.54% are Asian, 2.07% are some other race and 2.83% are multiracial.