Population 3,407 · Census ACS 2020–24
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Median age by neighborhoodHistory and comparison ↓︎
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Population and households in Richmond
Household size in Richmond
| Period | Richmond | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 2.51 | 2.52 | 2.68 |
| 2010–14 | 2.57 | 2.54 | 2.73 |
| 2015–19 | 2.60 | 2.55 | 2.71 |
| 2020–24 | 2.54 | 2.52 | 2.65 |
| Change | +0.03 | +0.00 | −0.03 |
Households in Richmond run a little small, averaging 2.54 people against 2.65 nationally, which usually means more singles and couples and fewer children. That is in line with the rest of Minnesota.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Richmond
| Period | Richmond | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 41.3 | 37.9 | 37.7 |
| 2010–14 | 41.9 | 38.9 | 38.6 |
| 2015–19 | 44.3 | 39.6 | 39.6 |
| 2020–24 | 43.4 | 40.0 | 40.1 |
| Change | +2.0 | +2.1 | +2.3 |
Richmond skews older than the country: its median age is 43.4, against 40.1 nationally. Since 2006–10, the median age has climbed from 41.3, but in a place this small, survey estimates can swing a lot from one release to the next.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Richmond
| Period | Richmond | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 4.2% | 9.9% | 12.3% |
| 2010–14 | 6.5% | 10.2% | 12.3% |
| 2015–19 | 8.5% | 9.7% | 11.6% |
| 2020–24 | 6.6% | 9.6% | 11.6% |
| Change | +2.4 pts | −0.3 pts | −0.6 pts |
Single-parent households are relatively rare in Richmond: 6.6% of households, against 11.6% nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Richmond
Renters in Richmond
| Period | Richmond | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 12.8% | 25.8% | 33.3% |
| 2010–14 | 10.5% | 27.9% | 35.6% |
| 2015–19 | 8.2% | 28.4% | 36.0% |
| 2020–24 | 11.5% | 27.8% | 34.8% |
| Change | −1.3 pts | +2.0 pts | +1.5 pts |
Only 11.5% of households in Richmond rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. More than four in ten owners (43.7%) have paid off their mortgages, above the national share of 39.8%.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Richmond
| Period | Richmond | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 23.4% | 9.2% | 11.4% |
| 2010–14 | 27.4% | 9.0% | 11.4% |
| 2015–19 | 24.6% | 8.7% | 11.1% |
| 2020–24 | 18.1% | 8.3% | 9.6% |
| Change | −5.4 pts | −0.9 pts | −1.8 pts |
Vacant homes make up 18.1% of the housing in Richmond, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Richmond
| Period | Richmond | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 1977 | 1973 | 1974 |
| 2010–14 | 1976 | 1974 | 1975 |
| 2015–19 | 1978 | 1975 | 1977 |
| 2020–24 | 1981 | 1978 | 1980 |
| Change | +5 | +5 | +6 |
The typical home in Richmond was built around 1981, about the same vintage as the country's housing overall (1980).
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Richmond
| Period | Richmond | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | $601 | $882 | $965 |
| 2010–14 | $650 | $953 | $1,040 |
| 2015–19 | $718 | $1,099 | $1,213 |
| 2020–24 | $944 | $1,404 | $1,571 |
| Change | +$343 | +$522 | +$606 |
The median renter in Richmond pays $944 a month for rent and utilities, well below the national median of $1,571. Rent takes 24.5% of the typical renter's income, comfortably under the 30% mark often used to define affordable rent.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Richmond
Bachelor's degrees in Richmond
| Period | Richmond | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 16.3% | 32.1% | 28.4% |
| 2010–14 | 14.5% | 33.7% | 29.6% |
| 2015–19 | 17.5% | 36.2% | 32.1% |
| 2020–24 | 20.0% | 39.6% | 35.6% |
| Change | +3.7 pts | +7.4 pts | +7.2 pts |
College degrees are relatively uncommon in Richmond: 20.0% of adults 25 and older hold a bachelor's or higher, well below the national share of 35.6%.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Richmond
| Period | Richmond | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 86.1% | 91.4% | 84.9% |
| 2010–14 | 89.2% | 92.2% | 86.1% |
| 2015–19 | 92.2% | 93.0% | 87.7% |
| 2020–24 | 93.0% | 93.7% | 89.3% |
| Change | +6.9 pts | +2.3 pts | +4.3 pts |
Just over nine in ten adults in Richmond have finished high school (93.0%), above the national rate of 89.3%. The picture is much the same across Minnesota.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Richmond
| Period | Richmond | Minnesota | U.S. |
|---|---|---|---|
| 2006–10 | 5.8% | 6.5% | 8.1% |
| 2010–14 | 3.3% | 6.5% | 9.4% |
| 2015–19 | 2.7% | 3.7% | 5.6% |
| 2020–24 | 3.9% | 4.1% | 5.4% |
| Change | −1.9 pts | −2.4 pts | −2.7 pts |
Jobs have been easier to find in Richmond than nationally: unemployment was 3.9%, against 5.4%. The picture is much the same across Minnesota. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Richmond compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Richmond | 2.54 | 43.4 | 6.6% | 11.5% | 18.1% | 1981 | $944 | 20.0% | 93.0% | 3.9% |
| Cold Spring | 2.46 | 43.5 | 7.4% | 21.3% | 7.4% | 1986 | $1,269 | 31.2% | 94.7% | 4.4% |
| Roscoe | 2.57 | 45.2 | 6.7% | 12.4% | 23.9% | 1978 | $950 | 18.3% | 93.6% | 2.0% |
| Jacobs Prairie | 2.35 | 51.7 | 9.8% | 19.8% | 10.7% | 1992 | $1,342 | 31.6% | 94.0% | 0.7% |
| St. Martin | 2.74 | 41.6 | 3.6% | 9.2% | 6.4% | 1979 | $568 | 13.7% | 91.4% | 0.3% |
| Eden Valley | 2.76 | 39.2 | 9.5% | 13.7% | 8.2% | 1973 | $898 | 14.4% | 89.8% | 1.7% |
| Rockville | 2.73 | 41.1 | 6.4% | 8.2% | 12.4% | 1983 | $849 | 31.1% | 94.3% | 1.4% |
| Paynesville | 2.47 | 43.6 | 7.8% | 18.8% | 20.1% | 1975 | $920 | 28.6% | 94.7% | 1.5% |
| Watkins | 2.64 | 42.4 | 6.2% | 14.5% | 17.0% | 1981 | $840 | 12.6% | 94.2% | 4.0% |
| Collegeville | 2.55 | 27.3 | 5.4% | 9.4% | 11.6% | 1990 | $994 | 54.6% | 95.5% | 6.4% |
| Avon | 2.71 | 39.3 | 6.2% | 11.9% | 11.2% | 1984 | $951 | 30.3% | 96.3% | 2.6% |
All figures 2020–24.
Cities with similar populations: Bentleyville, PA · Bismarck, AR · Burton, OH · Hagerstown, IN · Salina, OK · South Mills, NC · Redland, AL · Unadilla, NY · Norwich, VT · Montrose, NY
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Richmond. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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