Kentucky / Madison County

Moving to Richmond, KY

Thinking of making a move to Richmond, KY? Get helpful local information about living costs, neighborhoods, schools, weather, housing, DMV details, and practical relocation details before you plan your move.

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Everything You Should Know Before Moving to Richmond, KY

Considering a move to Richmond, KY? This welcoming community of 36,951 residents offers a blend of suburban charm and convenience, with median home prices around $196,000 and average rents near $925. Commute times average 22 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (59% annually), ideal for families and commuters alike. Explore Richmond's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Richmond, KY

Richmond has a population of 36,951 residents, offering a diverse community with a median age of nearly 27 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 86% White, 6% Black, and 2% Asian residents, and over 7% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
36,951
Density
1,550 per sq mi
Median Age
27.1
Gender Ratio
93 males per 100 females
Non-English Speakers Percentage
6.8%

Ethnic Composition

White
86.1%
Black
6.3%
Asian
2.3%
Others
5.3%

Cost Of Living

What is the average cost of living in Richmond, KY?

The cost of living in Richmond is higher than the national average, with a cost of living index of 86.7. Median home values are around $196,000 and average rents for a two-bedroom apartment are approximately $925. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$196,000
Gross Rent
$925
Monthly Electricity Charges
$115
Auto Insurance
$1,410
House Owner Cost With Mortgage
$1,180
House Owner Cost Without Mortgage
$430
State Taxes
Low: 5%| High: 5%
Cost Of Living Index
86.7
Grocery
92.8
Housing
68.5
Utilities
97.4
Transportation
92.5
Health Care
85.0
Miscellaneous
90.1

Crime

Is Richmond, KY a safe place to live?

Richmond is considered a safe community, with a low violent crime rate of 135 incidents per 100,000 residents and a property crime chance of 1 in 48. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in Kentucky.

Violent Crimes Per 100k
135
Property Crimes Per 100k
2,075
Crime Index
2,210
Chance Of Violent Crime
1 in 740
Chance Of Property Crime
1 in 48

Weather

What is the weather like in Richmond, KY year-round?

Richmond experiences four distinct seasons, with warm summers reaching highs of 87°F and cold winters dipping to 25°F. The area receives about 46 inches of rainfall annually and enjoys sunshine on 59% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
25°F
Max
43°F

Summer

Min
65°F
Max
87°F

Spring

Min
45°F
Max
70°F

Fall

Min
46°F
Max
71°F
Average Rainfall Inches
46.3 inches
Sunny Days Percentage
59%

Neighbors

The neighborhood boasts a healthy median household income of $48,600 and a low poverty rate of 23.5%. Over 89% of residents have at least a high school diploma, and nearly 27% hold a bachelor's degree or higher. Commute times average 22 minutes, and almost 0% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$38,400
Household Income
$48,600
Family Income
$71,200
Per Capita Income
$25,900
Income Male
$39,300
Income Female
$32,000
Poverty Rate
23.5%
Non English Speakers
6.8%
Rent
$925
Unemployment Rate
3.8%
Public Transport Usage
0.4%
Commute Time
22.1 minutes

Education

High School or Higher
88.9%
Bachelors or More
26.8%

Education

How are the schools in Richmond, KY?

Richmond offers quality education options, with public schools like Model Laboratory School and Madison Central High School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including Eastern Kentucky University and Berea College. The community is committed to educational excellence for all age groups.

Public Schools

Name
Model Laboratory School
Street
521 Lancaster Ave
Phone
859-622-3766
Students
725
Student Teacher Ratio
17.1
Name
Madison Central High School
Street
705 N 2nd St
Phone
859-624-4506
Students
2,300
Student Teacher Ratio
17.4

Private Schools

Name
St. Mark Catholic School
Street
115 Parrish Ave
Phone
859-623-2989
Students
150

Colleges

Name
Eastern Kentucky University
City
Richmond
State
KY
Distance
0 miles
Students
14,000
Name
Berea College
City
Berea
State
KY
Distance
15 miles
Students
1,650

Healthcare

Richmond residents have access to quality healthcare, with major hospitals like Baptist Health Richmond nearby. The community benefits from a high physician-to-resident ratio of 2.0 per 1,000 people and 92.7% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
Baptist Health Richmond
Address
801 Eastern Bypass, Richmond, KY 40475
Phone
(859) 623-3131
Type
General & Surgical
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
2.0
Health Insurance Coverage
92.7%
Health Care Index
69.2

Housing Market

What is the housing market like in Richmond, KY?

The local housing market is strong, with a median home price of $196,000 and an owner-occupied rate of nearly 46%. The market has seen a 6.2% appreciation over the past year, and rental vacancy rates remain moderate at 5.8%. Richmond offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$196,000
Average Rent For 2 Bedroom
$925
Owner Occupied Rate
45.9%
Rental Vacancy Rate
5.8%
Home Appreciation Rate (1yr)
6.2%
New Construction Rate
1.1%
Foreclosure Rate
0.3%

DMV Information

Residents of Richmond handle vehicle services through the Kentucky Transportation Cabinet - Division of Driver Licensing, conveniently located in Frankfort. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
Kentucky
Department
Kentucky Transportation Cabinet - Division of Driver Licensing
Address
200 Mero Street, Frankfort, KY 40622
Phone
1-502-564-1257

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.

FAQs About Moving to Richmond, KY

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Richmond, review the core fields on this page: population 36,951, median home value $196,000, average rent for 2 bedroom $925, commute time 22.1 minutes, and sunny days percentage 59%.

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