Living in Richmond, Massachusetts
Cost of living, income, home prices, rent and demographics of Richmond · Census data 2020–2024
Richmond has 1,403 residents with a median age of 62.1. The median household income is $106,250 (about the same as the Massachusetts median), the median home value is $584,500, the median rent is $1,593/month.
Richmond is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Richmond at a glance
- Population
- 1,403
- Median age
- 62.1State: 40
- Median household income
- $106,250State: $103,960
- Median home value
- $584,500State: $562,100
- Median rent
- $1,593/moState: $1,762
- Homeowners
- 90.2%
- Bachelor's degree or higher
- 67.6%
- Average commute
- 22 min
Is Richmond a good place to live?
Pros: Median household income about the same as the Massachusetts median; an average commute of 22 minutes; unemployment of 2.7%; a poverty rate of 7.3%.
Cons: Home values 4% higher than the state median.
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 $584,500, 76% higher than the U.S. median. Renters pay a median of $1,593 per month, which is 25.5% of household income. Homeowners with a mortgage pay $2,419 a month in housing costs.
Richmond median household income
The median household income in Richmond is $106,250 and the income per person is $90,767. 7.3% of residents live below the poverty line (Massachusetts: 10%).
Housing in Richmond: homes for sale and rent
- Housing units
- 858
- Owner-occupied
- 90.2%
- Renter-occupied
- 9.8%
- Vacant
- 27.6%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.25
Richmond demographics
- Population
- 1,403
- Median age
- 62.1
- Under 18
- 12.4%
- 65 and older
- 37.8%
- Households
- 621
- Foreign-born
- 3.3%
- Veterans
- 7.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Richmond ›
Education in Richmond
67.6% of adults 25 and older in Richmond have a bachelor's degree or higher (Massachusetts: 47.3%), and 37.4% have a graduate or professional degree.
Jobs and commute in Richmond
- Unemployment rate
- 2.7%State: 5.2%
- Average commute
- 22 minState: 29 min
- Work from home
- 17.1%
- Drive alone
- 71.9%
- Public transit
- 0%
- Walk to work
- 3.4%
- Homes with broadband
- 94.8%
Richmond vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Richmond | 1,403 | $106,250 | $584,500 | $1,593 |
| Lenox | 5,079 | $106,080 | $466,700 | $1,091 |
| West Stockbridge | 1,250 | $107,083 | $535,700 | $1,518 |
| Stockbridge | 2,056 | $146,250 | $600,000 | $858 |
| Pittsfield | 43,457 | $70,582 | $256,900 | $1,134 |
| Lee | 5,719 | $83,750 | $352,700 | $1,375 |
| Alford | 433 | $121,042 | $794,400 | $1,750 |
| Hancock | 752 | $96,250 | $375,500 | $1,268 |
| Washington | 526 | $95,278 | $370,700 | — |
More for people moving to Richmond
Richmond ZIP code ›Weather and climate ›Living in Richmond: FAQ
What is the median household income in Richmond, MA?
The median household income in Richmond is $106,250, about the same as the Massachusetts median of $103,960 (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 $584,500, compared with $562,100 in Massachusetts.
How much is rent in Richmond?
The median gross rent in Richmond is $1,593 per month, about 25.5% of household income.
Is Richmond, MA a good place to live?
Pluses: median household income about the same as the Massachusetts median; an average commute of 22 minutes; unemployment of 2.7%; a poverty rate of 7.3%. Minuses: home values 4% higher than the state median.
What is the median age in Richmond?
The median age in Richmond is 62.1 years (Massachusetts: 40).
How long is the commute in Richmond?
The average commute to work in Richmond is 22 minutes; 17.1% of workers work from home.
What is the unemployment rate in Richmond?
The unemployment rate in Richmond is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Richmond?
67.6% 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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