Richmond, RI
Maps & Population Facts

Population
7,608
Population Density
189
Labor Participaton
74.9%
Bachelor's or Higher
38.8%
Median Household Income
$98,234
Median Individual Income
$40,571
Median Individual Income(Full-time Workers Only)
$55,987

Housing Estimates

Median House Value
$259,400
Median Gross Rent
$1,041
Median Mortgage Payment
$1,965
Housing Units
3,025
People who reside in Richmond live in:
Detached - Single Family Homes
91%
Apt, Condo, Other
9%
Analysis

Income

Households in Richmond earn significantly more money than the national median income, averaging 63% higher per household.

Housing

Richmond has a median house price of $259,400. The cost of homeownership is slightly higher than most areas. The cost of renting in Richmond is 3% more than the national average.

Percent
Renter Occupied Households 39%
New Construction (Built after 2000) 9%

Demographics

The median age in Richmond is 44. 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 Rhode Island USA
Median Property Value 259,400 257,800 217,600
Median Mortgage Payment 1,965 1,782 1,513
Median Gross Rent 1,041 941 1,012
Property Vacancy 5.8% 12.7% 12.6%
% Renters 11% 39% 36%
Residents per Sq. Mi. 189 1,023 93
Personal Comparison
Richmond Rhode Island USA
Median Household Income 98,234 63,870 60,336
Median Individual Income 40,571 36,278 33,646
Median Income (Full-Time) 55,987 51,286 46,881
Median Age 44.3 39.5 38.1
Labor Participation 74.9% 64.1% 62.8%
Attained College Degree 38.8% 33.4% 32.0%

Population Density Analysis

Richmond, RI
189
Residents per Sq. Mile
The population density of Richmond is comparable to that of a Rural 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