Living in Richmond, Louisiana
Cost of living, income, home prices, rent and demographics of Richmond · Census data 2020–2024
Richmond has 447 residents with a median age of 65.9. The median household income is $45,500 (25% lower than the Louisiana median), the median home value is $161,400, the median rent is $817/month.
Richmond is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Richmond at a glance
- Population
- 447
- Median age
- 65.9State: 38
- Median household income
- $45,500State: $60,756
- Median home value
- $161,400State: $216,500
- Median rent
- $817/moState: $1,064
- Homeowners
- 85.6%
- Bachelor's degree or higher
- 14.4%
- Average commute
- 13 min
Is Richmond a good place to live?
Pros: Home values 25% lower than the state median; an average commute of 13 minutes; a poverty rate of 7%.
Cons: Median household income 25% lower than the Louisiana median.
The weather is best in March–April and October–November.
Cost of living in Richmond
Housing is the biggest part of the cost of living. In Richmond the median home value is $161,400, 51% lower than the U.S. median. Renters pay a median of $817 per month, which is 43.8% of household income. Homeowners with a mortgage pay $1,200 a month in housing costs.
Richmond median household income
The median household income in Richmond is $45,500 and the income per person is $30,462. 7% of residents live below the poverty line (Louisiana: 18.9%).
Housing in Richmond: homes for sale and rent
- Housing units
- 212
- Owner-occupied
- 85.6%
- Renter-occupied
- 14.4%
- Vacant
- 15.1%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 1.92
Richmond demographics
- Population
- 447
- Median age
- 65.9
- Under 18
- 17.7%
- 65 and older
- 51.5%
- Households
- 180
- Foreign-born
- 0.7%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of Richmond ›
Education in Richmond
14.4% of adults 25 and older in Richmond have a bachelor's degree or higher (Louisiana: 27%), and 4.2% have a graduate or professional degree.
Jobs and commute in Richmond
- Unemployment rate
- 0%State: 6.3%
- Average commute
- 13 minState: 26 min
- Work from home
- 10.5%
- Drive alone
- 87.6%
- Public transit
- 0%
- Walk to work
- 2%
- Homes with broadband
- 70.6%
Richmond vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Richmond | 447 | $45,500 | $161,400 | $817 |
| Tallulah | 5,969 | $33,419 | $79,300 | $650 |
| Vicksburg | 20,589 | $45,781 | $125,900 | $820 |
| Delhi | 2,573 | $52,132 | $118,000 | $897 |
| Beechwood | 4,168 | $91,600 | $236,000 | $853 |
| Newellton | 997 | $25,190 | $52,800 | $542 |
| Epps | 467 | $53,667 | $67,500 | $1,031 |
| Pioneer | 487 | $82,930 | $49,500 | $844 |
| Lake Providence | 3,349 | $27,580 | $115,600 | $606 |
More for people moving to Richmond
Richmond ZIP code ›Weather and climate ›Living in Richmond: FAQ
What is the median household income in Richmond, LA?
The median household income in Richmond is $45,500, 25% lower than the Louisiana median of $60,756 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Richmond?
The median home value in Richmond is $161,400, compared with $216,500 in Louisiana.
How much is rent in Richmond?
The median gross rent in Richmond is $817 per month, about 43.8% of household income.
Is Richmond, LA a good place to live?
Pluses: home values 25% lower than the state median; an average commute of 13 minutes; a poverty rate of 7%. Minuses: median household income 25% lower than the Louisiana median.
What is the median age in Richmond?
The median age in Richmond is 65.9 years (Louisiana: 38).
How long is the commute in Richmond?
The average commute to work in Richmond is 13 minutes; 10.5% of workers work from home.
What is the unemployment rate in Richmond?
The unemployment rate in Richmond is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Richmond?
14.4% of adults in Richmond 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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