Everything You Should Know Before Moving to Richmond, IN
Thinking about moving to Richmond, IN? With a population of around 35,700, Richmond offers a very affordable cost of living, including median home prices near $90,400 and average rents of $760. Commutes are quick at under 18 minutes, and residents enjoy four distinct seasons with about 54% sunny days. While crime rates are higher than average, Richmond is home to local colleges, a major hospital, and maintains a small-town charm with easy access to education and healthcare.
Demographics - Richmond, IN
Demographics - Richmond, IN
Richmond, Indiana is home to approximately 35,720 residents, featuring a predominantly White population with a median age near 40. The city offers a moderate population density and a relatively balanced gender ratio, with a small but present non-English speaking community.
Population:
35,720
Density:
1,770 per sq mi
Median Age:
39.9
Gender Ratio:
92 males per 100 females
Non-English Speakers Percentage:
4.7%
Ethnic Composition
White:
82.8%
Black:
9.1%
Asian:
1.0%
Others:
7.1%
Cost Of Living
What is the average cost of living in Richmond, IN?
Richmond boasts a cost of living well below the national average, with median home values around $90,400 and average rents at $760 per month. Everyday expenses, including groceries and utilities, remain affordable, making the city appealing for budget-conscious residents.
Median House Value:
$90,400
Gross Rent:
$760
Monthly Electricity Charges:
$125
Auto Insurance:
$1,090
House Owner Cost With Mortgage:
$1,110
House Owner Cost Without Mortgage:
$390
State Taxes:
Low:
3.23%
|
High:
5.75%
Cost Of Living Index:
75.2
Grocery:
92.1
Housing:
41.6
Utilities:
94.2
Transportation:
83.5
Health Care:
91.5
Miscellaneous:
78.3
Crime
Is Richmond, IN a safe place to live?
Richmond experiences higher-than-average crime rates, with about 612 violent crimes and 3,349 property crimes per 100,000 residents annually. Prospective residents should be mindful of safety, as the chance of property crime is roughly 1 in 30.
Violent Crimes Per 100k:
612
Property Crimes Per 100k:
3,349
Crime Index:
3,961
Chance Of Violent Crime:
1 in 163
Chance Of Property Crime:
1 in 30
Weather
What is the weather like in Richmond, IN year-round?
Residents in Richmond enjoy four distinct seasons, from cold winters with lows near 20°F to warm summers reaching highs around 84°F. The city receives about 40 inches of rainfall annually and enjoys sunshine 54% of the year, offering a balanced Midwestern climate.
Winter
Min:
20°F
Max:
36°F
Spring
Min:
42°F
Max:
65°F
Summer
Min:
62°F
Max:
84°F
Fall
Min:
44°F
Max:
67°F
Average Rainfall Inches:
40.6 inches
Sunny Days Percentage:
54%
Neighbors
The typical household income in Richmond is just under $40,000, with a poverty rate of 22.5% and an average commute time of 18 minutes. Most residents have at least a high school diploma, though only about 17% hold a bachelor's degree or higher.
Median Income:
$24,700
Household Income:
$39,758
Family Income:
$49,600
Per Capita Income:
$22,200
Income Male:
$28,900
Income Female:
$21,300
Poverty Rate:
22.5%
Non English Speakers:
4.7%
Rent:
$760
Unemployment Rate:
4.5%
Public Transport Usage:
0.6%
Commute Time:
17.9 minutes
Education
High School or Higher:
86.4%
Bachelors or More:
16.7%
Education
How are the schools in Richmond, IN?
Richmond offers a range of educational opportunities, including public and private K–12 schools and two local colleges—Earlham College and Indiana University East. The city’s schools maintain reasonable student-teacher ratios, while higher education is easily accessible right in town.
Public Schools
Name:
Richmond High School
Street:
380 Hub Etchison Pkwy
Phone:
765-973-3424
Students:
1,400
Student Teacher Ratio:
17.1
Name:
Test Intermediate School
Street:
33 S 22nd St
Phone:
765-973-3412
Students:
800
Student Teacher Ratio:
16.3
Private Schools
Name:
Seton Catholic High School
Street:
233 S 5th St
Phone:
765-965-6956
Students:
135
Colleges
Name:
Earlham College
City:
Richmond
State:
IN
Distance:
0 miles
Students:
1,000
Name:
Indiana University East
City:
Richmond
State:
IN
Distance:
0 miles
Students:
3,500
Healthcare
Richmond provides solid healthcare access, anchored by Reid Health hospital and a high health insurance coverage rate of over 91%. With 1.5 physicians per 1,000 residents, medical care is readily available for the community.
Major Hospitals
Name:
Reid Health
Address:
1100 Reid Parkway, Richmond, IN 47374
Phone:
(765) 983-3000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.5
Health Insurance Coverage:
91.4%
Health Care Index:
69.2
Housing Market
What is the housing market like in Richmond, IN?
The local housing market is highly affordable, with a median home price of $90,400 and roughly 59% of homes being owner-occupied. Rental vacancies are moderate, and home values have shown steady appreciation over the past year.
Median Home Price:
$90,400
Average Rent For 2 Bedroom:
$760
Owner Occupied Rate:
58.5%
Rental Vacancy Rate:
8.1%
Home Appreciation Rate (1yr):
4.2%
New Construction Rate:
0.7%
Foreclosure Rate:
0.9%
DMV Information
Vehicle services in Richmond are managed by the Indiana Bureau of Motor Vehicles, conveniently located on National Rd E. Residents can complete licensing, registration, and other DMV tasks in person or online through the state website.
State:
Indiana
Department:
Indiana Bureau of Motor Vehicles
Address:
4503 National Rd E, Richmond, IN 47374
Phone:
888-692-6841
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.