Living in Richmond, Maine
Cost of living, income, home prices, rent and demographics of Richmond · Census data 2020–2024
Richmond has 3,566 residents with a median age of 36.9. The median household income is $65,854 (12% lower than the Maine median), the median home value is $242,700, the median rent is $1,077/month.
Richmond at a glance
- Population
- 3,566
- Median age
- 36.9State: 44.8
- Median household income
- $65,854State: $74,733
- Median home value
- $242,700State: $296,600
- Median rent
- $1,077/moState: $1,139
- Homeowners
- 69.9%
- Bachelor's degree or higher
- 35.8%
- Average commute
- 29 min
Is Richmond a good place to live?
Pros: Home values 18% lower than the state median; unemployment of 2.6%.
Cons: Median household income 12% lower than the Maine median; an average commute of 29 minutes; a poverty rate of 12.4%.
The weather is best in June to September.
Cost of living in Richmond
Housing is the biggest part of the cost of living. In Richmond the median home value is $242,700, 27% lower than the U.S. median. Renters pay a median of $1,077 per month, which is 29.1% of household income. Homeowners with a mortgage pay $1,626 a month in housing costs.
Richmond median household income
The median household income in Richmond is $65,854 and the income per person is $34,148. 12.4% of residents live below the poverty line (Maine: 10.7%).
Housing in Richmond: homes for sale and rent
- Housing units
- 1,782
- Owner-occupied
- 69.9%
- Renter-occupied
- 30.1%
- Vacant
- 10.3%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.21
Richmond demographics
- Population
- 3,566
- Median age
- 36.9
- Under 18
- 23%
- 65 and older
- 15.6%
- Households
- 1,599
- Foreign-born
- 3.2%
- Veterans
- 8.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Richmond ›
Education in Richmond
35.8% of adults 25 and older in Richmond have a bachelor's degree or higher (Maine: 36.2%), and 8.8% have a graduate or professional degree.
Jobs and commute in Richmond
- Unemployment rate
- 2.6%State: 3.8%
- Average commute
- 29 minState: 25 min
- Work from home
- 16.5%
- Drive alone
- 71.1%
- Public transit
- 0%
- Walk to work
- 0.8%
- Homes with broadband
- 93.6%
Richmond vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Richmond | 3,566 | $65,854 | $242,700 | $1,077 |
| Dresden | 1,645 | $74,844 | $240,100 | $1,194 |
| Bowdoinham | 3,142 | $108,479 | $405,500 | — |
| Gardiner | 6,088 | $71,782 | $221,600 | $1,113 |
| Litchfield | 3,680 | $84,904 | $243,900 | $1,173 |
| Pittston | 3,093 | $86,614 | $238,700 | $1,080 |
| Bowdoin | 3,188 | $91,239 | $292,800 | — |
| West Gardiner | 3,696 | $96,172 | $305,100 | $1,087 |
| Randolph | 1,610 | $66,574 | $174,300 | $1,186 |
More for people moving to Richmond
Richmond ZIP code ›Weather and climate ›Living in Richmond: FAQ
What is the median household income in Richmond, ME?
The median household income in Richmond is $65,854, 12% lower than the Maine median of $74,733 (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 $242,700, compared with $296,600 in Maine.
How much is rent in Richmond?
The median gross rent in Richmond is $1,077 per month, about 29.1% of household income.
Is Richmond, ME a good place to live?
Pluses: home values 18% lower than the state median; unemployment of 2.6%. Minuses: median household income 12% lower than the Maine median; an average commute of 29 minutes; a poverty rate of 12.4%.
What is the median age in Richmond?
The median age in Richmond is 36.9 years (Maine: 44.8).
How long is the commute in Richmond?
The average commute to work in Richmond is 29 minutes; 16.5% of workers work from home.
What is the unemployment rate in Richmond?
The unemployment rate in Richmond is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Richmond?
35.8% 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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