Living in Richmond, Missouri
Cost of living, income, home prices, rent and demographics of Richmond · Census data 2020–2024
Richmond has 5,959 residents with a median age of 40.1. The median household income is $59,556 (16% lower than the Missouri median), the median home value is $142,600, the median rent is $722/month.
Richmond at a glance
- Population
- 5,959
- Median age
- 40.1State: 39
- Median household income
- $59,556State: $70,702
- Median home value
- $142,600State: $230,300
- Median rent
- $722/moState: $1,033
- Homeowners
- 56.9%
- Bachelor's degree or higher
- 13.2%
- Average commute
- 35 min
Is Richmond a good place to live?
Pros: Home values 38% lower than the state median; unemployment of 3.6%.
Cons: Median household income 16% lower than the Missouri median; an average commute of 35 minutes; a poverty rate of 16.3%.
The weather is best in May–June and August–September.
Cost of living in Richmond
Housing is the biggest part of the cost of living. In Richmond the median home value is $142,600, 57% lower than the U.S. median. Renters pay a median of $722 per month, which is 28.2% of household income. Homeowners with a mortgage pay $994 a month in housing costs.
Richmond median household income
The median household income in Richmond is $59,556 and the income per person is $31,599. 16.3% of residents live below the poverty line (Missouri: 12.6%).
Housing in Richmond: homes for sale and rent
- Housing units
- 2,889
- Owner-occupied
- 56.9%
- Renter-occupied
- 43.1%
- Vacant
- 7.9%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 2.18
Richmond demographics
- Population
- 5,959
- Median age
- 40.1
- Under 18
- 21.9%
- 65 and older
- 21.1%
- Households
- 2,662
- Foreign-born
- 1%
- Veterans
- 7.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Richmond ›
Education in Richmond
13.2% of adults 25 and older in Richmond have a bachelor's degree or higher (Missouri: 32.4%), and 4.6% have a graduate or professional degree.
Jobs and commute in Richmond
- Unemployment rate
- 3.6%State: 4%
- Average commute
- 35 minState: 24 min
- Work from home
- 1.8%
- Drive alone
- 77.6%
- Public transit
- 4%
- Walk to work
- 2.6%
- Homes with broadband
- 84%
Richmond vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Richmond | 5,959 | $59,556 | $142,600 | $722 |
| Henrietta | 390 | $60,417 | $51,400 | $775 |
| Camden | 135 | $50,000 | $58,800 | — |
| Hardin | 681 | $78,320 | $106,300 | $958 |
| Lexington | 4,606 | $56,905 | $161,300 | $801 |
| Wellington | 432 | $67,045 | $144,200 | $1,004 |
| Orrick | 727 | $73,000 | $139,600 | $750 |
| Wood Heights | 784 | $89,688 | $212,800 | $1,446 |
| Napoleon | 201 | $69,219 | $183,300 | — |
More for people moving to Richmond
Richmond ZIP code ›Weather and climate ›Living in Richmond: FAQ
What is the median household income in Richmond, MO?
The median household income in Richmond is $59,556, 16% lower than the Missouri median of $70,702 (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 $142,600, compared with $230,300 in Missouri.
How much is rent in Richmond?
The median gross rent in Richmond is $722 per month, about 28.2% of household income.
Is Richmond, MO a good place to live?
Pluses: home values 38% lower than the state median; unemployment of 3.6%. Minuses: median household income 16% lower than the Missouri median; an average commute of 35 minutes; a poverty rate of 16.3%.
What is the median age in Richmond?
The median age in Richmond is 40.1 years (Missouri: 39).
How long is the commute in Richmond?
The average commute to work in Richmond is 35 minutes; 1.8% of workers work from home.
What is the unemployment rate in Richmond?
The unemployment rate in Richmond is 3.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Richmond?
13.2% 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.
Last updated: