Richmond is home to 35,581 people in Indiana. 20% of adults hold a bachelor's degree, below the 36% national rate. Home values have risen by half since 2000, reaching $114,400. The poverty rate is 25.4%, above the 12.5% national rate. Households here earn about 37% less than in Indiana as a whole. The foreign-born share is 4%.
At a glance
Lower income
median household income $45,399, below the US median
US median: $82,259
Mid-age
median age 38.6
US median: 38.9
Less educated
20% hold a bachelor's degree
US average: 36%
More affordable
home values down 12%, inflation adjusted
US median home: $376,019
Unique to this place
What stands out about Richmond
What changed most since 1990
Median home value (2024 dollars)$92,403 → $114,400(+24%)US over the same years: +67%
Adults with a bachelor's degree13.0% → 20.1%(+7.1 pts)US over the same years: +15.3 pts
White share89.4% → 78.8%(−10.7 pts)US over the same years: −17.8 pts
Richmond's population equals 54% of Wayne County's. Its number of people who work from home equals 34% of the county's. Its number of foreign-born residents equals 85% of the county's.
Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.
Section 09 · Service history
Veterans
Veterans by period of service, 2024
Gulf War (2001 or later)11%(215)
US avg: 26.4%
Gulf War (1990s)15.2%(296)
US avg: 24.3%
Vietnam era39.5%(772)
US avg: 33.1%
Korean War9.8%(191)
US avg: 4.5%
World War II1.3%(26)
US avg: 1%
Share of the 1,953 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Over time
Richmond, decade by decade
Richmond population, inflation-adjusted income and home value, education, and diversity by year
Year
Population
Median household income
Median home value
Bachelor's degree+
Diversity score
1990
38,649
$49,405
$92,403
13.0%
23.9
2000
39,124
$55,032
$129,702
13.8%
31.8
2010
36,812
$49,970
$126,307
16.5%
39.0
2020
35,720
$49,537
$104,599
20.4%
47.7
2024
35,581
$45,399
$114,400
20.1%
45.7
Census years come from the decennial census and the latest year from the American Community Survey, so part of any change between those two rows can reflect the different surveys. Dollar figures are adjusted for inflation to 2024 dollars; a figure ending in "+" was at the Census Bureau's reporting cap that year. The diversity score runs from 0 to 100; see how it's calculated.
