Richmond, KY demographics:
population, income, and more

Total population
37,111
4.5% year-over-year change
Median household income
$50,870/yr
5.5% year-over-year change
Housing units
16,738
3.4% year-over-year change

Richmond population

How many people live in Richmond

Richmond is home to 37,111 residents, according to the most recent Census data. Gender-wise, 48.5% of Richmond locals are male, and 51.5% are female.

Total population
37,111
4.5% year-over-year change
Gender ratio
Male
48.5%
18,007
Female
51.5%
19,104
Value Percent YoY change
Male 18,007 48.5% 4.4%
Female 19,104 51.5% 4.6%
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 Richmond is 28, with the population distributed as follows: about 15.2% are children under 15, then 27.9% are in the 15 to 24 age group. Adults between 25 and 44 make up 28.8% of the population, while another 17.4% fall into the 45 to 64 bracket. Finally, around 10.7% are 65 or older.

Median age
28.4
Age breakdown
Under 15
15.2%
15 to 24
27.9%
25 to 44
28.8%
45 to 64
17.4%
Over 65
10.7%
Value Percent YoY change
Under 15 5,630 15.2% 6.0%
15 to 24 10,367 27.9% 2.9%
25 to 44 10,674 28.8% 3.0%
45 to 64 6,456 17.4% 8.9%
Over 65 3,984 10.7% 4.1%
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 Richmond, 94.9% of the population are US-born citizens, while 2.7% have gained naturalized citizenship. At the same time, 2.3% of residents are non-citizens. As for race, 84.8% of locals are Caucasian, 5.8% are African American and 1.4% have Asian roots. There’s also a share of 6.8% that includes residents with two or more races.

Citizenship
U.S.-born citizens
94.9%
Non-U.S.-born citizens
2.7%
Non-citizens
2.3%
Value Percent YoY change
U.S.-born citizens 35,234 94.9% 5.2%
Non-U.S.-born citizens 1,016 2.7% -4.3%
Non-citizens 861 2.3% -9.6%
Racial breakdown
White
84.8%
Black or African American
5.8%
American Indian and Alaska Native
0.1%
Asian
1.4%
Native Hawaiian and other Pacific Islander
0%
Two or more races
6.8%
Other
1%
Value Percent
White 31,474 84.8%
Black or African American 2,166 5.8%
American Indian and Alaska Native 33 0.1%
Asian 511 1.4%
Two or more races 2,543 6.8%
Other 384 1%

Households in Richmond

A peek inside Richmond households

Richmond has 15,202 households, with an average of 2 members in each. Of these, 45.7% are families, while the remaining 54.3% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
15,202
3.1% year-over-year change
Average people per household
2
Non-family households
8,257
Family households
6,945
Value Percent YoY change
Non-family households 8,257 54.3% 7.4%
Family households 6,945 45.7% -1.5%
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 Richmond

The housing landscape of Richmond

Richmond's housing consists of 16,738 units, with 39.8% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 4.2% 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 3.5% of the housing landscape.

Housing units
16,738
3.4% year-over-year change
Housing types
Value Percent
1 unit, detached 6,661 39.8%
1 unit, attached 695 4.2%
2 units 1,433 8.6%
3 or 4 units 2,151 12.8%
5 to 9 units 2,736 16.4%
10 to 19 units 1,583 9.5%
20 to 49 units 475 2.8%
50 or more units 396 2.4%
Mobile home 588 3.5%
Boat, RV, van, etc. 20 0.1%
Homes built since 2020
481
208.3% year-over-year change

The age of buildings in Richmond

In Richmond, the median construction year is 1994. About 3.3% of homes were built before the 1940s, with another 1.3% going up by 1949. Most development happened in the second half of the 20th century. Then, 20% of homes were added from 2000 to 2009, 14.7% between 2010 and 2019, and 2.9% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 548 3.3% -14.8%
Built between 1940 and 1949 214 1.3% 96.3%
Built between 1950 and 1959 857 5.1% 8.3%
Built between 1960 and 1969 1,212 7.2% 10.4%
Built between 1970 and 1979 1,867 11.2% 12.5%
Built between 1980 and 1989 2,472 14.8% 11.7%
Built between 1990 and 1999 3,273 19.6% -0.9%
Built between 2000 and 2009 3,353 20% -6.1%
Built between 2010 and 2019 2,461 14.7% -6.8%
Built in 2020 or later 481 2.9% 208.3%
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.

Richmond occupancy rates

Out of the 15,202 occupied housing units in Richmond, 38.3% are owner-occupied, while 61.7% are lived in by tenants. Meanwhile, 9.2% of all homes on the local market sit vacant.

Occupied housing units
15,202
3.1% year-over-year change
Occupancy breakdown
Renter occupied
9,385
Owner occupied
5,817
Value Percent YoY
change
Renter occupied 9,385 61.7% 6.4%
Owner occupied 5,817 38.3% -1.7%
Unoccupied housing units
9.2%
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.

Richmond housing costs

Housing costs in Richmond come to a median of $953 per month, while tenants specifically pay a median gross rent of $917.

Median housing costs per month
$953/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 Richmond
$917/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 Richmond

Richmond education at a glance

About 36.3% of the population in Richmond went to high school, while 26.7% pursued college studies. Another 6.6% earned an associate degree and 17.2% hold a bachelor’s. Meanwhile, 10% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 987 3.2% 7.9%
High school diploma 11,037 36.3% 10.1%
College diploma 8,130 26.7% -0.1%
Associate degree 2,014 6.6% -11.1%
Bachelor's degree 5,220 17.2% 4.2%
Graduate degree 3,029 10% 7.3%
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 Richmond

How much people earn in Richmond

The average annual household income in Richmond was $68,849 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +3% change from the previous year. At the same time, the median income stood at $50,870, reflecting a +5.5% shift over the same period.

Average household income in Richmond
$68,849/year
3.0% year-over-year change
Median household income in Richmond
$50,870/year
5.5% year-over-year change

Richmond income by age

In Richmond, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $55,285. Those with someone between 45 and 64 in charge, often well established professionally, earn $73,125 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $37,374, while those led by someone over 65, many of whom may be retired, have about $45,410 in earnings. Overall, 80.6% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $37,374 0.8%
25 - 44 $55,285 -3.0%
45 - 64 $73,125 14.5%
Over 65 $45,410 6.9%
Above poverty level
26,296
Below poverty level
6,343
Value Percent YoY
change
Above poverty level 26,296 80.6% 7.4%
Below poverty level 6,343 19.4% -5.6%

Average renter income in Richmond

To get a better sense of what renters earn on average in Richmond, their median household income was $34,364 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 32%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$34,364
Rent-to-income ratio
32%
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 Richmond

Workforce and job types in Richmond

The job market in Richmond is powered by 19,663 working residents, spread across a range of industries and roles. 74.5% of the working population are employed in professional or administrative positions, while 25.5% are in hands-on or service-based jobs. Also, 7.2% run their own businesses, 66% are employed by private companies, and 18.9% work in the public sector.

Workforce demographics

Working population
19,663
5.0% year-over-year change
White collar
14,654
Blue collar
5,009
Value Percent YoY change
White collar 14,654 74.5% 1.6%
Blue collar 5,009 25.5% 16.1%
Employer type
Self employees
7.2%
Private companies
66%
Governmental workers
18.9%
Not for profit companies
7.8%
Value Percent YoY change
Self employees 1,418 7.2% -1.7%
Private companies 12,978 66% 4.4%
Governmental workers 3,723 18.9% 4.9%
Not for profit companies 1,544 7.8% 18.0%
Unemployment rate
6.7%
5.1% year-over-year change

Available workforce

The unemployment rate in Richmond stands at 6.7%, 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 Richmond

How people get around in Richmond

Commuting methods vary: 85.4% of residents travel by personal vehicle and 4.9% 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 16,386 85.4% 5.3%
Taxicab 38 0.2% 65.2%
Bus or trolleybus 2 0% -93.8%
Motorcycle 21 0.1% 50.0%
Bicycle 110 0.6% 7.8%
Walk 945 4.9% 13.0%
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 Richmond by zipcode?

Zipcode Population Number of households Median income Average income
40475 65,961 26,169 $63,050 $85,368

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FAQs about Richmond demographics 

What is the total population of Richmond?

Richmond has a total population of 37,111 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 +4.5% compared to a year ago.

What is the gender ratio in Richmond?

The gender ratio in Richmond is as follows:
  • 48.5% males (18,007 residents)
  • 51.5% females (19,104 residents)

What is the median age in Richmond?

The median age in Richmond is 28.4.

What is the age distribution of the population in Richmond?

The age distribution in Richmond is as follows:
  • Under 15: 15.2% (5,630 residents)
  • Ages 15-24: 27.9% (10,367 residents)
  • Ages 25-44: 28.8% (10,674 residents)
  • Ages 45-64: 17.4% (6,456 residents)
  • Over 65: 10.7% (3,984 residents)

What is the racial and ethnic makeup of Richmond?

The racial and ethnic makeup of Richmond is as follows:
  • White: 84.8% (31,474 residents)
  • Black or African American: 5.8% (2,166 residents)
  • American Indian and Alaska Native: 0.1% (33 residents)
  • Asian: 1.4% (511 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 6.8% (2,543 residents)
  • Other: 1% (384 residents)

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

U.S.-born citizens represent 94.9% of the population in Richmond.

How many housing units are there in Richmond?

There are 16,738 housing units in Richmond, reflecting a +3.4% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

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

Richmond has a total of 15,202 households, with an average of 2 people in each.

What is the median household income in Richmond?

Richmond has a median household income of $50,870, representing a +5.5% shift from the previous year, according to the U.S. Census Bureau.

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

The employment rate is 93.3% in Richmond, with a workforce of 19,663 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 74.5% (14,654 residents)
  • Blue-collar workers: 25.5% (5,009 residents)

Places of employment:
  • Self-employed: 7.2% (1,418 residents)
  • Private companies: 66% (12,978 residents)
  • Governmental workers: 18.9% (3,723 residents)
  • Not-for-profit companies: 7.8% (1,544 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