Richmond Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Richmond, Illinois? 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 Richmond, 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 Richmond is $62,756.00.

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

  • Under 25
    $57,875.00
  • 25 to 44
    $67,703.00
  • 45 to 64
    $78,750.00
  • 65 and over
    $42,250.00

Average Household Income

A very commonly asked question is "what is the average household income in Richmond, Illinois?". 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 Richmond is $78,080.00.

6.74% of households in Richmond, Illinois are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for Richmond but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for Richmond

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 Richmond, Illinois 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
    10.56%
  • $25,000 to $49,999
    30.69%
  • $50,000 to $74,999
    21.04%
  • $75,000 to $99,999
    16.21%
  • $100,000 to $149,999
    12.39%
  • $150,000 to $199,999
    2.37%
  • $200,000 or more
    6.74%

Per Capita Income

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

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

The per capita income in Richmond, Illinois is $38,341.00.

Population in Richmond by Race and Ethnicity

The total population in Richmond is currently 2,266 people.

The race and ethnicity of the population in Richmond 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 Richmond, Illinois.

  • 3.40% White
    78
  • 86.80% Black/African American
    1,967
  • 82.70% Native
    1,874
  • 7.30% Hispanic
    165
  • 0.40% Asian
    8
  • 0.00% Hawaiian/Pacific Islander
    0
  • 0.00% Two or more races
    0
  • 0.00% Other
    0

Population of Richmond by Age and Gender

Another very important demographics statistic for Richmond, Illinois 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.

Age Group Male Female
0 to 9 Years 175 119
10 to 19 Years 123 123
20 to 29 Years 170 191
30 to 39 Years 169 105
40 to 49 Years 137 133
50 to 59 Years 88 141
60 to 69 Years 141 140
70 Years and over 148 163

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 Richmond, Illinois.

  • Master's degree or higher
    11.10%
  • Bachelor's degree
    25.45%
  • Some college or associate's degree
    25.03%
  • High school diploma or equivalent
    36.75%
  • Less than high school diploma
    1.68%

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 Richmond 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 Richmond 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 Richmond, Illinois that are over the age of 16.

The current population in Richmond that are over the age of 16 is 1,857 people.

The unemployment rate in Richmond is 11.40%, which means 143 people are unemployed.

Median Age in Richmond

The median age is an interesting metric because it gives us an idea of the age distribution of people in Richmond, Illinois. 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 Richmond is 36.8 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 Richmond

36.8

Total

35.7

Male

41.6

Female

Households and Families

There are a total of 1,098 households in Richmond, and the average household size is 2.03 people.

For families, the total number is 523, and the average family size is 2.81 people.

3.80% of those families in Richmond, Illinois are living below the poverty line.

The table below shows the poverty thresholds for Richmond in .

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Please note that the poverty thresholds shown above are from , while the latest demographics data we have is from 2022.

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 Richmond, Illinois for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 382 42 99 575
Average Household Size 3.02 2.29 2.93 1.2
Total Families 382 42 99 0
Average Household Size 3.02 2.1 2.34 0

Housing Data in Richmond

There are total of 1,266 housing units in Richmond, Illinois. Of those units, 1,098 (86.73%) are occupied, and 168 (13.27%) are vacant.

Rental Rates

Of the 1,266 housing units in Richmond, 513 (40.52%) are occupied by renters. The median rent paid by renters is $1,114.00.

Owner occupied housing units make up the remaining 46.21% of housing units, with 585 housing units in total.

The table below breaks down how much rent is paid by renters in Richmond, Illinois.

  • No rent paid
    0
  • Less than $500
    32
  • $500 to $999
    116
  • $1,000 to $1,499
    315
  • $1,500 to $1,999
    50
  • $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 Richmond is $226,200.00.

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

  • Less than $50,000
    4
  • $50,000 to $99,999
    76
  • $100,000 to $149,999
    48
  • $150,000 to $199,999
    110
  • $200,000 to $299,999
    176
  • $300,000 to $499,999
    165
  • $500,000 to $999,999
    6
  • $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 Richmond, Illinois.

  • 1939 or earlier
    107
  • 1940 to 1949
    69
  • 1950 to 1959
    75
  • 1960 to 1969
    71
  • 1970 to 1979
    37
  • 1980 to 1989
    252
  • 1990 to 1999
    212
  • 2000 to 2009
    322
  • 2010 to 2013
    111
  • 2014 or later
    10

Vehicles Available per Household

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

  • No vehicles available
    83
  • 1 vehicle available
    511
  • 2 vehicles available
    389
  • 3 or more vehicles available
    115

Commuting to Work in Richmond

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 Richmond, Illinois, 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 Richmond.

  • Less than 5 minutes
    45
  • 5 to 9 minutes
    38
  • 10 to 14 minutes
    85
  • 15 to 19 minutes
    95
  • 20 to 24 minutes
    103
  • 25 to 29 minutes
    195
  • 30 to 34 minutes
    79
  • 35 to 39 minutes
    28
  • 40 to 44 minutes
    125
  • 45 to 59 minutes
    101
  • 60 to 89 minutes
    76
  • 90 or more minutes
    34

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

  • Drove alone
    929
  • Carpooled
    52
  • Public transportation
    0
  • Walked
    6
  • Other means
    17
  • Worked from home
    92

Conclusion

Hopefully this article has given you the demographics data you were looking for in Richmond, Illinois.

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 Richmond.

Link To or Reference This Page

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  • "Richmond Average Income, Population and Demographics". NameCensus.com. Accessed on May 25, 2024. https://namecensus.com/demographics/new-hampshire/cheshire-county/richmond/.

  • "Richmond Average Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/new-hampshire/cheshire-county/richmond/. Accessed 25 May, 2024

  • Richmond Average Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/new-hampshire/cheshire-county/richmond/.