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New Richmond, Indiana

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
433
Population
$80,329
Median Income
$89,200
Home Value
37.7
Median Age

Demographics

New Richmond has a population of 433 with a median age of 37.7. Here is the racial and ethnic breakdown of the population:

White
97.5%
Asian
1.2%
Other
0.8%
Demographic Value
Total Population433
Median Age37.7
White97.5%
Asian1.2%
Hispanic or Latino0.5%
Other / Two or More Races0.8%
New Richmond, Indiana — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 97.5%Other: 2.5%433PopulationWhiteWhite97.5%OtherOther2.5%

Income & Economy

The median household income in New Richmond is $80,329, which is 0.3% below the national median of $80,610. The per capita income is $24,575. The poverty rate is 6.9%.

$80,329
Median Household Income
$24,575
Per Capita Income
6.9%
Poverty Rate

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Education

In New Richmond, 77.8% of residents age 25+ have a high school diploma or higher, and 11.3% hold a bachelor's degree or higher (2.2% with a graduate or professional degree).

HS Diploma+
77.8%
Bachelor's+
11.3%
Graduate+
2.2%
Education Level % of Adults (25+)
High School Diploma or Higher77.8%
Bachelor's Degree or Higher11.3%
Graduate or Professional Degree2.2%

Housing

The median home value in New Richmond is $89,200, below the national median of $303,400. The median monthly rent is $875. The homeownership rate is 90.6%.

$89,200
Median Home Value
$875/mo
Median Rent
90.6%
Homeownership Rate
Housing Metric Value
Median Home Value$89,200
Median Monthly Rent$875
Homeownership Rate90.6%
Vacancy Rate4.8%

Salaries in Indiana

Explore salary data for popular occupations in Indiana:

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Other Cities in Indiana

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Frequently Asked Questions

What is the population of New Richmond, Indiana?
The population of New Richmond, Indiana is 433 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in New Richmond, Indiana?
The median household income in New Richmond, Indiana is $80,329. This is 0.3% below the national median of $80,610.
What is the median home value in New Richmond, Indiana?
The median home value in New Richmond, Indiana is $89,200. The median monthly rent is $875.
What percentage of people in New Richmond have a college degree?
In New Richmond, Indiana, 11.3% of adults age 25 and older hold a bachelor's degree or higher, and 77.8% have a high school diploma or higher.
Is New Richmond, Indiana an affordable place to live?
The home price-to-income ratio in New Richmond, Indiana is 1.1x (median home value $89,200 vs. median income $80,329), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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