New Richmond, IN demographics:
population, income, and more

Total population
433
-1.8% year-over-year change
Median household income
$80,329/yr
0.3% year-over-year change
Housing units
168
-4.5% year-over-year change

New Richmond population

How many people live in New Richmond

New Richmond is home to 433 residents, according to the most recent Census data. Gender-wise, 49.6% of New Richmond locals are male, and 50.4% are female.

Total population
433
-1.8% year-over-year change
Gender ratio
Male
49.6%
215
Female
50.4%
218
Value Percent YoY change
Male 215 49.6% -2.3%
Female 218 50.4% -1.4%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in New Richmond is 38, with the population distributed as follows: about 18.9% are children under 15, then 17.6% are in the 15 to 24 age group. Adults between 25 and 44 make up 23.3% of the population, while another 27.9% fall into the 45 to 64 bracket. Finally, around 12.2% are 65 or older.

Median age
37.7
Age breakdown
Under 15
18.9%
15 to 24
17.6%
25 to 44
23.3%
45 to 64
27.9%
Over 65
12.2%
Value Percent YoY change
Under 15 82 18.9% -6.8%
15 to 24 76 17.6% 0.0%
25 to 44 101 23.3% -5.6%
45 to 64 121 27.9% 6.1%
Over 65 53 12.2% -5.4%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In New Richmond, 98.2% of the population are US-born citizens, while 1.2% have gained naturalized citizenship. At the same time, 0.7% of residents are non-citizens. There’s also a share of 1.2% that includes residents with two or more races.

Citizenship
U.S.-born citizens
98.2%
Non-U.S.-born citizens
1.2%
Non-citizens
0.7%
Value Percent YoY change
U.S.-born citizens 425 98.2% -1.2%
Non-U.S.-born citizens 5 1.2% -28.6%
Non-citizens 3 0.7% -25.0%
Racial breakdown
White
97.5%
Black or African American
0%
American Indian and Alaska Native
0%
Asian
1.2%
Native Hawaiian and other Pacific Islander
0.2%
Two or more races
1.2%
Other
0%
Value Percent
White 422 97.5%
Asian 5 1.2%
Native Hawaiian and other Pacific Islander 1 0.2%
Two or more races 5 1.2%

Households in New Richmond

A peek inside New Richmond households

New Richmond has 160 households, with an average of 3 members in each. Of these, 66.9% are families, while the remaining 33.1% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
160
-1.8% year-over-year change
Average people per household
3
Non-family households
53
Family households
107
Value Percent YoY change
Non-family households 53 33.1% 12.8%
Family households 107 66.9% -7.8%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in New Richmond

The housing landscape of New Richmond

New Richmond's housing consists of 168 units, with 94% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 0.6% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 2.4% of the housing landscape.

Housing units
168
-4.5% year-over-year change
Housing types
Value Percent
1 unit, detached 158 94%
1 unit, attached 1 0.6%
2 units 5 3%
Mobile home 4 2.4%
Homes built since 2020
0
% year-over-year change

The age of buildings in New Richmond

In New Richmond, the median construction year is 1938. About 73.2% of homes were built before the 1940s, with another 2.4% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 123 73.2% -2.4%
Built between 1940 and 1949 4 2.4% -42.9%
Built between 1950 and 1959 13 7.7% 0.0%
Built between 1960 and 1969 11 6.6% 0.0%
Built between 1970 and 1979 14 8.3% 40.0%
Built between 1980 and 1989 1 0.6% -85.7%
Built between 1990 and 1999 1 0.6% 0.0%
Built between 2000 and 2009 1 0.6% 0.0%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

New Richmond occupancy rates

Out of the 160 occupied housing units in New Richmond, 90.6% are owner-occupied, while 9.4% are lived in by tenants. Meanwhile, 4.8% of all homes on the local market sit vacant.

Occupied housing units
160
-1.8% year-over-year change
Occupancy breakdown
Renter occupied
15
Owner occupied
145
Value Percent YoY
change
Renter occupied 15 9.4% 15.4%
Owner occupied 145 90.6% -3.3%
Unoccupied housing units
4.8%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

New Richmond housing costs

Housing costs in New Richmond come to a median of $1,054 per month, while tenants specifically pay a median gross rent of $875.

Median housing costs per month
$1,054/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in New Richmond
$875/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in New Richmond

New Richmond education at a glance

About 65.5% of the population in New Richmond went to high school, while 16.2% pursued college studies. Another 6.8% earned an associate degree and 9% hold a bachelor’s. Meanwhile, 1.9% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 2 0.6% 0.0%
High school diploma 211 65.5% -5.0%
College diploma 52 16.2% 26.8%
Associate degree 22 6.8% -8.3%
Bachelor's degree 29 9% 0.0%
Graduate degree 6 1.9% 0.0%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in New Richmond

How much people earn in New Richmond

The average annual household income in New Richmond was $74,638 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +2.5% change from the previous year. At the same time, the median income stood at $80,329, reflecting a +0.3% shift over the same period.

Average household income in New Richmond
$74,638/year
2.5% year-over-year change
Median household income in New Richmond
$80,329/year
0.3% year-over-year change

New Richmond income by age

In New Richmond, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $81,667. Those with someone between 45 and 64 in charge, often well established professionally, earn $71,750 overall. Overall, 93.1% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $81,667 0.1%
45 - 64 $71,750 1.6%
Over 65 $50,625 14.1%
Above poverty level
403
Below poverty level
30
Value Percent YoY
change
Above poverty level 403 93.1% -1.9%
Below poverty level 30 6.9% 7.1%

Average renter income in New Richmond

To get a better sense of what renters earn on average in New Richmond, their median household income was $46,250 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 22.7%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$46,250
Rent-to-income ratio
22.7%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in New Richmond

Workforce and job types in New Richmond

The job market in New Richmond is powered by 194 working residents, spread across a range of industries and roles. 49.5% of the working population are employed in professional or administrative positions, while 50.5% are in hands-on or service-based jobs. Also, 4.6% run their own businesses, 79.4% are employed by private companies, and 10.8% work in the public sector.

Workforce demographics

Working population
194
1.6% year-over-year change
White collar
96
Blue collar
98
Value Percent YoY change
White collar 96 49.5% -5.0%
Blue collar 98 50.5% 8.9%
Employer type
Self employees
4.6%
Private companies
79.4%
Governmental workers
10.8%
Not for profit companies
5.2%
Value Percent YoY change
Self employees 9 4.6% -10.0%
Private companies 154 79.4% 0.7%
Governmental workers 21 10.8% 10.5%
Not for profit companies 10 5.2% 11.1%
Unemployment rate
3.5%
-50.0% year-over-year change

Available workforce

The unemployment rate in New Richmond stands at 3.5%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in New Richmond

How people get around in New Richmond

Commuting methods vary: 93% of residents travel by personal vehicle and 0.6% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 159 93% 0.6%
Walk 1 0.6% 0.0%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in New Richmond by zipcode?

Zipcode Population Number of households Median income Average income
47967 873 310 $81,563 $90,465

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FAQs about New Richmond demographics 

What is the total population of New Richmond?

New Richmond has a total population of 433 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -1.8% compared to a year ago.

What is the gender ratio in New Richmond?

The gender ratio in New Richmond is as follows:
  • 49.6% males (215 residents)
  • 50.4% females (218 residents)

What is the median age in New Richmond?

The median age in New Richmond is 37.7.

What is the age distribution of the population in New Richmond?

The age distribution in New Richmond is as follows:
  • Under 15: 18.9% (82 residents)
  • Ages 15-24: 17.6% (76 residents)
  • Ages 25-44: 23.3% (101 residents)
  • Ages 45-64: 27.9% (121 residents)
  • Over 65: 12.2% (53 residents)

What is the racial and ethnic makeup of New Richmond?

The racial and ethnic makeup of New Richmond is as follows:
  • White: 97.5% (422 residents)
  • Black or African American: 0% (0 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 1.2% (5 residents)
  • Native Hawaiian and Other Pacific Islander: 0.2% (1 residents)
  • Two or More Races: 1.2% (5 residents)
  • Other: 0% (0 residents)

What percentage of the population in New Richmond are U.S.-born citizens?

U.S.-born citizens represent 98.2% of the population in New Richmond.

How many housing units are there in New Richmond?

There are 168 housing units in New Richmond, reflecting a -4.5% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in New Richmond and what is the average household size?

New Richmond has a total of 160 households, with an average of 3 people in each.

What is the median household income in New Richmond?

New Richmond has a median household income of $80,329, representing a +0.3% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for New Richmond?

The employment rate is 96.5% in New Richmond, with a workforce of 194 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 49.5% (96 residents)
  • Blue-collar workers: 50.5% (98 residents)

Places of employment:
  • Self-employed: 4.6% (9 residents)
  • Private companies: 79.4% (154 residents)
  • Governmental workers: 10.8% (21 residents)
  • Not-for-profit companies: 5.2% (10 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025