Living in Richland, Indiana
Cost of living, income, home prices, rent and demographics of Richland · Census data 2020–2024
Richland has 588 residents with a median age of 37.3. The median household income is $73,250 (about the same as the Indiana median), the median home value is $146,400, the median rent is $850/month.
Richland is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Richland at a glance
- Population
- 588
- Median age
- 37.3State: 38.1
- Median household income
- $73,250State: $71,957
- Median home value
- $146,400State: $218,200
- Median rent
- $850/moState: $1,062
- Homeowners
- 88.3%
- Bachelor's degree or higher
- 12.8%
- Average commute
- 34 min
Is Richland a good place to live?
Pros: Median household income about the same as the Indiana median; home values 33% lower than the state median; unemployment of 3.6%; a poverty rate of 11.4%.
Cons: An average commute of 34 minutes.
The weather is best in May and August to October.
Cost of living in Richland
Housing is the biggest part of the cost of living. In Richland the median home value is $146,400, 56% lower than the U.S. median. Renters pay a median of $850 per month, which is 21.7% of household income. Homeowners with a mortgage pay $1,384 a month in housing costs.
Richland median household income
The median household income in Richland is $73,250 and the income per person is $33,692. 11.4% of residents live below the poverty line (Indiana: 12.3%).
Housing in Richland: homes for sale and rent
- Housing units
- 266
- Owner-occupied
- 88.3%
- Renter-occupied
- 11.7%
- Vacant
- 9.8%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.45
Richland demographics
- Population
- 588
- Median age
- 37.3
- Under 18
- 19.7%
- 65 and older
- 17.3%
- Households
- 240
- Foreign-born
- 0%
- Veterans
- 4.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Richland ›
Education in Richland
12.8% of adults 25 and older in Richland have a bachelor's degree or higher (Indiana: 29.5%), and 5.7% have a graduate or professional degree.
Jobs and commute in Richland
- Unemployment rate
- 3.6%State: 4.3%
- Average commute
- 34 minState: 24 min
- Work from home
- 1%
- Drive alone
- 95.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 89.6%
Richland vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Richland | 588 | $73,250 | $146,400 | $850 |
| Reo | 465 | $103,478 | $172,900 | — |
| Hatfield | 497 | $71,932 | $138,000 | — |
| Rockport | 1,958 | $48,889 | $132,700 | $678 |
| Chrisney | 442 | $55,625 | $102,900 | $625 |
| Boonville | 6,702 | $63,580 | $162,400 | $873 |
| Tennyson | 165 | $41,750 | $92,500 | $838 |
| Grandview | 757 | $50,987 | $140,600 | $861 |
| Yelvington | 594 | $68,176 | $137,500 | — |
More for people moving to Richland
Richland ZIP code ›Weather and climate ›Living in Richland: FAQ
What is the median household income in Richland, IN?
The median household income in Richland is $73,250, about the same as the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Richland?
The median home value in Richland is $146,400, compared with $218,200 in Indiana.
How much is rent in Richland?
The median gross rent in Richland is $850 per month, about 21.7% of household income.
Is Richland, IN a good place to live?
Pluses: median household income about the same as the Indiana median; home values 33% lower than the state median; unemployment of 3.6%; a poverty rate of 11.4%. Minuses: an average commute of 34 minutes.
What is the median age in Richland?
The median age in Richland is 37.3 years (Indiana: 38.1).
How long is the commute in Richland?
The average commute to work in Richland is 34 minutes; 1% of workers work from home.
What is the unemployment rate in Richland?
The unemployment rate in Richland is 3.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Richland?
12.8% of adults in Richland have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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