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Richmond, IN&

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0.58% decline
Median Age
Median Household Income
1.6% growth
Poverty Rate
Number of Employees
3.21% growth
Median Property Value
1.49% growth


The economy of Richmond, IN employs 14,491 people. The economy of Richmond, IN is specialized in Manufacturing; Accommodation & Food Service; and Healthcare & Social Assistance, which employ respectively 2.16; 1.39; and 1.32 times more people than what would be expected in a location of this size. The largest industries in Richmond, IN are Manufacturing (3,024), Healthcare & Social Assistance (2,673), and Retail trade (1,738), and the highest paying industries are Utilities ($49,271), Educational Services ($34,701), and Transportation & Warehousing ($32,739).

Median household income in Richmond, IN is $30,844. Males in Richmond, IN have an average income that is 1.45 times higher than the average income of females, which is $34,176. The income inequality of Richmond, IN (measured using the Gini index) is 0.442 which is lower than the national average.


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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Richmond, IN. In Wayne County, IN the age groups most likely to have health care coverage are 6-17 and 6-17, men and women, respectively. The location has a 1 to 56 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $10,140. Lake County, IN has the highest prevalence of homicides of any county in Indiana.


Clinician to Patient Rates

The closest comparable data for the census place of Richmond, IN is from the county of Wayne County, IN.

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Richmond, IN is home to a population of 36,082 people, from which 97.5% are citizens. The ethnic composition of the population of Richmond, IN is composed of 29,649 White residents (82.2%), 2,845 Black residents (7.88%), 1,601 Hispanic residents (4.44%), 1,389 Two+ residents (3.85%), and 489 Asian residents (1.36%). The most common foreign languages in Richmond, IN are Spanish (1,209 speakers), Tagalog (180 speakers), and German (112 speakers), but compared to other places, Richmond, IN has a relative high number of Other West Germanic (30 speakers), Thai (25 speakers), and German (112 speakers).


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In 2015 universities in Richmond, IN awarded 1,012 degrees. The student population of Richmond, IN is skewed towards females, with 359 male students and 653 female students. Most students in Richmond, IN are White (840 and 83%), followed by Black or African American (39 and 3.85%), Hispanic or Latino (32 and 3.16%), and Unknown (18 and 1.78%). The largest universities in Richmond, IN by number of graduates are Indiana University-East (752 and 74.3%), Earlham College (221 and 21.8%), and PJ's College of Cosmetology-Richmond (22 and 2.17%). The most popular majors in Richmond, IN are General Business (177 and 17.5%), Registered Nursing (146 and 14.4%), and Other Liberal Arts & Sciences, General Studies, & Humanities (74 and 7.31%). The median tuition costs in Richmond, IN are $44,370 for private four year colleges, and $6,478 and $18,088 respectively, for public four year colleges for in-state students and out-of-state students.



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Housing & Living

The median property value in Richmond, IN is $81,900, which is 0.4 times smaller than the national average of $205,000. Between 2015 and 2016 the median property value increased from $80,700 to $81,900, a 1.49% increase. The homeownership rate of Richmond, IN is 56.5%, which is lower than the national average of 63.6%. People in Richmond, IN have an average commute time of 15.2 minutes, and they commute by Drove Alone. Car ownership in Richmond, IN is approximately the same as the national average, with an average of 2 cars per household.


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United States
Wayne County
Richmond, IN
metropolitan statistical area
Wayne, Fayette, Rush & Union Counties PUMA
public use microdata area
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