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Richmond, Illinois

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
2,622
Population
$73,029
Median Income
$238,600
Home Value
35.7
Median Age

Demographics

Richmond has a population of 2,622 with a median age of 35.7. Here is the racial and ethnic breakdown of the population:

White
88.2%
Hispanic
10.1%
Black
1.0%
Demographic Value
Total Population2,622
Median Age35.7
White88.2%
Black or African American1.0%
Asian0.5%
Hispanic or Latino10.1%
Richmond, Illinois — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 88.4%Hispanic/Latino: 10.1%Other: 1.5%2,622PopulationWhiteWhite88.4%Hispanic/LatinoHispanic/Latino10.1%OtherOther1.5%

Income & Economy

The median household income in Richmond is $73,029, which is 9.4% below the national median of $80,610. The per capita income is $43,097. The poverty rate is 5.2%.

$73,029
Median Household Income
$43,097
Per Capita Income
5.2%
Poverty Rate

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Education

In Richmond, 92.1% of residents age 25+ have a high school diploma or higher, and 26.8% hold a bachelor's degree or higher (11.5% with a graduate or professional degree).

HS Diploma+
92.1%
Bachelor's+
26.8%
Graduate+
11.5%
Education Level % of Adults (25+)
High School Diploma or Higher92.1%
Bachelor's Degree or Higher26.8%
Graduate or Professional Degree11.5%

Housing

The median home value in Richmond is $238,600, below the national median of $303,400. The median monthly rent is $1,220. The homeownership rate is 51.0%.

$238,600
Median Home Value
$1,220/mo
Median Rent
51.0%
Homeownership Rate
Housing Metric Value
Median Home Value$238,600
Median Monthly Rent$1,220
Homeownership Rate51.0%
Vacancy Rate11.5%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Richmond, Illinois?
The population of Richmond, Illinois is 2,622 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Richmond, Illinois?
The median household income in Richmond, Illinois is $73,029. This is 9.4% below the national median of $80,610.
What is the median home value in Richmond, Illinois?
The median home value in Richmond, Illinois is $238,600. The median monthly rent is $1,220.
What percentage of people in Richmond have a college degree?
In Richmond, Illinois, 26.8% of adults age 25 and older hold a bachelor's degree or higher, and 92.1% have a high school diploma or higher.
Is Richmond, Illinois an affordable place to live?
The home price-to-income ratio in Richmond, Illinois is 3.3x (median home value $238,600 vs. median income $73,029), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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