Richman Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Richman, Iowa? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Richman, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Richman is $59,688.00.

The chart below shows the average household income by age in Richman.

• Under 25
  $35,000.00
• 25 to 44
  $78,625.00
• 45 to 64
  $90,500.00
• 65 and over
  $47,794.00

Average Household Income

A very commonly asked question is "what is the average household income in Richman, Iowa?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Richman is $112,648.00.

7.59% of households in Richman, Iowa are classed as high income households (making $200,000+ per year).

Household Income Tiers for Richman

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Richman, Iowa easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

• Less than $24,999
  17.82%
• $25,000 to $49,999
  26.40%
• $50,000 to $74,999
  13.20%
• $75,000 to $99,999
  15.18%
• $100,000 to $149,999
  19.14%
• $150,000 to $199,999
  0.66%
• $200,000 or more
  7.59%

Per Capita Income

The per capita income is the average income of all people in Richman, Iowa. This is calculated by dividing the total income of all people in Richman by the total number of people in Richman.

It differs from the average or mean household income because it includes all people in Richman and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Richman, Iowa is $50,248.00.

Population in Richman by Race and Ethnicity

The total population in Richman is currently 679 people.

The race and ethnicity of the population in Richman can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Richman, Iowa.

• 3.20% White
  22
• 92.60% Black/African American
  629
• 92.20% Native
  626
• 3.40% Hispanic
  23
• 0.00% Asian
  0
• 0.00% Hawaiian/Pacific Islander
  0
• 0.00% Two or more races
  0
• 0.00% Other
  0

Population of Richman by Age and Gender

Another very important demographics statistic for Richman, Iowa is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Richman, Iowa.

• Master's degree or higher
  7.64%
• Bachelor's degree
  18.40%
• Some college or associate's degree
  7.29%
• High school diploma or equivalent
  61.11%
• Less than high school diploma
  5.56%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Richman because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Richman look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Richman, Iowa that are over the age of 16.

The current population in Richman that are over the age of 16 is 531 people.

The unemployment rate in Richman is 1.60%, which means 5 people are unemployed.

Median Age in Richman

The median age is an interesting metric because it gives us an idea of the age distribution of people in Richman, Iowa. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Richman is 51 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Richman

51

Total

54.8

Male

48.5

Female

Households and Families

There are a total of 303 households in Richman, and the average household size is 2.24 people.

For families, the total number is 207, and the average family size is 2.7 people.

6.80% of those families in Richman, Iowa are living below the poverty line.

The table below shows the poverty thresholds for Richman in .

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

• Married-couple
• Male householder, no spouse present
• Female householder, no spouse present
• Nonfamily household

In the table below, you can see the total households and families in Richman, Iowa for each type, as well as the average sizes.

Housing Data in Richman

There are total of 354 housing units in Richman, Iowa. Of those units, 303 (85.59%) are occupied, and 51 (14.41%) are vacant.

Rental Rates

Of the 354 housing units in Richman, 45 (12.71%) are occupied by renters. The median rent paid by renters is $531.00.

Owner occupied housing units make up the remaining 70.90% of housing units, with 251 housing units in total.

The table below breaks down how much rent is paid by renters in Richman, Iowa.

• No rent paid
  7
• Less than $500
  10
• $500 to $999
  30
• $1,000 to $1,499
  5
• $1,500 to $1,999
  0
• $2,000 to $2,499
  0
• $2,500 to $2,999
  0
• $3,000 or more
  0

Property Values

The median value of a property in Richman is $93,400.00.

The table below breaks down the range of valuations for all properties in Richman.

• Less than $50,000
  34
• $50,000 to $99,999
  114
• $100,000 to $149,999
  55
• $150,000 to $199,999
  28
• $200,000 to $299,999
  3
• $300,000 to $499,999
  10
• $500,000 to $999,999
  7
• $1,000,000 or more
  0

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Richman, Iowa.

• 1939 or earlier
  94
• 1940 to 1949
  23
• 1950 to 1959
  24
• 1960 to 1969
  34
• 1970 to 1979
  73
• 1980 to 1989
  25
• 1990 to 1999
  38
• 2000 to 2009
  15
• 2010 to 2013
  24
• 2014 or later
  4

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Richman has. The table below breaks down the number of vehicles available per household.

• No vehicles available
  11
• 1 vehicle available
  59
• 2 vehicles available
  115
• 3 or more vehicles available
  118

Commuting to Work in Richman

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Richman, Iowa, how they commute, and how that correlates to other data points.

The average travel time is 32.2 minutes, and the chart below covers the range of travel times across the population of Richman.

• Less than 5 minutes
  38
• 5 to 9 minutes
  22
• 10 to 14 minutes
  10
• 15 to 19 minutes
  0
• 20 to 24 minutes
  71
• 25 to 29 minutes
  24
• 30 to 34 minutes
  65
• 35 to 39 minutes
  10
• 40 to 44 minutes
  20
• 45 to 59 minutes
  15
• 60 to 89 minutes
  14
• 90 or more minutes
  15

We can also look at the means of transport in Richman to see which modes of transport people are using to commute to work.

• Drove alone
  253
• Carpooled
  44
• Public transportation
  0
• Walked
  5
• Other means
  2
• Worked from home
  7

Conclusion

Hopefully this article has given you the demographics data you were looking for in Richman, Iowa.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Richman.

Link To or Reference This Page

We spent a lot of time downloading, cleaning, merging, and formatting the data that is shown on the site.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference Name Census as the source. We appreciate your support!