Richmond, MA
Maps & Population Facts

Population
1,521
Population Density
81
Labor Participaton
62.2%
Bachelor's or Higher
52.8%
Median Household Income
$97,917
Median Individual Income
$42,135
Median Individual Income(Full-time Workers Only)
$64,167

Housing Estimates

Median House Value
$445,900
Median Gross Rent
$1,359
Median Mortgage Payment
$1,821
Housing Units
930
People who reside in Richmond live in:
Detached - Single Family Homes
97%
Apt, Condo, Other
3%
Analysis

Income

Households in Richmond earn significantly more money than the national median income, averaging 62% higher per household.

Housing

Richmond has a median house price of $445,900. The cost of homeownership is significantly higher than most areas. The cost of renting in Richmond is 34% more than the national average.

Percent
Renter Occupied Households 38%
New Construction (Built after 2000) 8%

Demographics

The median age in Richmond is 58. Richmond has a population that is significantly older than in comparison to the US median age.

Richmond ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.

Housing Data

Housing Comparison
Richmond Massachusetts USA
Median Property Value 445,900 385,400 217,600
Median Mortgage Payment 1,821 2,108 1,513
Median Gross Rent 1,359 1,208 1,012
Property Vacancy 23.5% 10.0% 12.6%
% Renters 7% 38% 36%
Residents per Sq. Mi. 81 885 93
Personal Comparison
Richmond Massachusetts USA
Median Household Income 97,917 77,385 60,336
Median Individual Income 42,135 41,700 33,646
Median Income (Full-Time) 64,167 60,923 46,881
Median Age 58.1 39.5 38.1
Labor Participation 62.2% 67.8% 62.8%
Attained College Degree 52.8% 43.4% 32.0%

Population Density Analysis

Richmond, MA
81
Residents per Sq. Mile
The population density of Richmond is comparable to that of a Remote Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +

Demographics