Richmond City, Kentucky
Population 31,844

Overview

Housing
Median Home Value
$133,500
Half are $79,300 - $174,000
Median Monthly Owner Costs
$1,117
With a Mortgage
Median Monthly Rent
$603
Includes Utilities
Median Year Housing Built
1990
Employment & Commute
Median Household Income
$31,000
Poverty Rate
32%
Unemployment Rate
9.8%
Average Minutes to Work
20
Education
Percent with a High School Diploma
84%
Ages 25+
Percent with a College Degree
34%
Ages 25+
Percent with a Post Grad Degree
12%
Ages 25+
Percent in Public School
90%
Ages 5-17 Enrolled in School
Demographics
Children
19%
Under 18
Young Adult Singles
36%
Ages 18-39
Middle Aged and Married
12%
Ages 40-64
Seniors
11%
Ages 65+

Population records for the city of Richmond begin with the 1880 census. In 1880, the population was recorded as 2909. It is one of the 2 principal cities of the Richmond, KY Micro Area. Richmond is the largest city in Madison County. It is located in eastern Kentucky near the Kentucky River.

Richmond, KY is a Place (City):
Often referred to as cities, places can be categorized as Census Designated Places (CDP) or legal entities. The places that are legal entities provide governmental functions. CDPs have no governmental authority and exist only for statistical purposes. They are similar to legal entities in that they are a concentrated population identifiable by a name. Neither cross state lines, but may extend across county lines. A CDP may not extend into a legal entity.
Need a wider view? Richmond, KY is a part of the Richmond, KY Micro Area.

Housing

1990

Median Year Housing was BuiltAll Housing Including Owner/Renter Occupied and Unoccupied

Year Housing was BuiltAll Housing Including Owner/Renter Occupied and Unoccupied

3.6%

Estimated Abandoned Homes

This estimate includes vacant housing that is not for rent, rented, for sale, sold, for seasonal/recreational/occasional use, or for migrant workers.

Number of BedroomsOccupied Housing Units

Total

None
4%
1
16%
2
32%
3
38%
4
8%
5+
2%

Owners

None
0%
1
1%
2
20%
3
58%
4
17%
5+
4%

Renters

None
6.2%
1
25.4%
2
39.3%
3
26.0%
4
2.5%
5+
0.6%
38.3%

Home Ownership PercentageOccupied Housing Units

21

Price to Rent RatioOccupied Housing Units

The price to rent ratio compares home values to rental costs. Values over 20 indicate that it is likely more affordable to rent. Values under 15 indicate that it is likely more affordable to buy. Values between 15 and 20 indicate that extra judgment must be taken when making housing decisions. It is calculated as the median home value divided by the median annual contract rent (ie. rent without additional utilities).

$133,500

Median Owner Occupied Home Value

Owner Occupied Home Values

$1,117

Median Monthly Ownership CostsOwner Occupied Housing Units with a Mortgage

Monthly housing costs include mortgage payments, real estate taxes, insurance, utilities, and condo fees. When comparing to monthly rental costs, be careful to also look at the median number of bedrooms. Owner occupied homes generally include more bedrooms than rentals.

3.5

Estimated Median Bedrooms for OwnersOwner Occupied Housing Units

Owner Occupied Homes by Number of BedroomsOwner Occupied Housing Units

None
0%
1
1%
2
20%
3
58%
4
17%
5+
4%
0.8%

Average Annual Real Estate Taxes as a Percent of Home ValueOwner Occupied Housing Units

4.3

Housing Affordability (Median Multiple)

The median multiple is the ratio of median house price by the median annual household income. In other words, how many years would it take for the median income to pay off the median home price? Higher values indicate that the incomes in the area are not high enough to warrant the higher home prices. Anything under 3 is considered affordable while higher values indicate that housing is not affordable.

25%

Housing Cost Burdened Owners

Federally subsidized housing programs set the maximum affordable housing cost at 30% of income. This threshold has become a measure of housing affordability and is intended to make sure that households have enough money to for other needs including food, clothing, transportation, etc. Anyone spending more than 30% of their income on housing is considered house burdened because it becomes difficult to afford many of the other necessities of living.

$603

Median Monthly Rent and Utility CostsRenter Occupied Housing Units with Housing Costs

Monthly housing costs include rent and utilities. When comparing to monthly ownership costs, be careful to also look at the median number of bedrooms. Owner occupied homes generally include more bedrooms than rentals.

2.5

Estimated Median Bedrooms for RentersRenter Occupied Housing Units

Cost of Monthly Rent Including UtilitiesRenter Occupied Housing Units

Cost of a Studio Apartment

Cost of a 1 Bedroom

Cost of a 2 Bedroom

Cost of a 3+ Bedroom

Rental Properties by Number of BedroomsRenter Occupied Housing Units

None
6.2%
1
25.4%
2
39.3%
3
26.0%
4
2.5%
5+
0.6%
51%

Housing Cost Burdened Renters

Federally subsidized housing programs set the maximum affordable housing cost at 30% of income. This threshold has become a measure of housing affordability and is intended to make sure that households have enough money to for other needs including food, clothing, transportation, etc. Anyone spending more than 30% of their income on housing is considered house burdened because it becomes difficult to afford many of the other necessities of living.

Employment

$31,326

Median Household Income

Household Income

46.6

Household Income Inequality

Income inequality is measured using the Gini coefficient. Lower values indicate that household income is spread evenly across the income groups. Higher values indicate that one income group is much more common than others.

32%

Poverty Rate

Poverty status uses the standards set by the Office of Management and Budget (OMB). If a family's total income is less than a certain threshold, every person in the family is considered to be in poverty. The threshold varies based on family size, composition, and age.

$14,091

Median Annual Individual EarningsPast 12 months for the Population Ages 16+ With Earnings

Annual Individual EarningsPopulation Ages 16+ with Earnings

76%

Unadjusted Gender Pay GapPopulation Ages 16+ with Earnings

The unadjusted gender pay gap is the median indvidiual female earnings as a percentage of male earnings. In other words, women who work in Richmond, KY generally make around 7553% of what men do. Much of that difference is likely due to the number of hours worked (see the Full Time vs Part Time Work chart), occupations chosen (see the Employed by Occupation chart), education, and job experience. Adjusting for each of those factors to see what women with similar qualifications and jobs make compared to men is difficult, but the adjusted pay gap would be more likely to show the difference due to discrimination, difference in ability, or willingness to negotiate pay. For these reasons, differences in the gender pay shown here may be more likely to show the gender ideals in an area than the discriminatory practices. It is also worth noting that the 26% of men and 34% of women ages 16+ that did not have earnings were not included in the calculation.

9.8%

Unemployment RatePopulation Ages 16+ in the Civilian Labor Force

To classify as unemployed, people must not be in the military and must be actively looking for work (also known as the U3 measure of unemployment which is the official unemployment rate). In Richmond, KY, 38% of the population ages 16+ are not employed, but are also not looking for work so they are not considered in the unemployment rate. See the Labor Force Participation Rate for more information.

Unemployment by Education LevelCivilian Population Ages 25-64 in the Labor Force

62%

Labor Force Participation RatePopulation Ages 16+

People in the labor force include those in the armed forces as well as civilians who are employed or classified as unemployed. To classify as unemployed, people must be actively looking for work. Common people that are not considered in the labor force are students, homemakers, retired workers, seasonal workers not currently looking for work, and institutionalized people. In Richmond, KY, 38% of people are neither employed or looking for work.

Full Time vs Part Time WorkPopulation Ages 16-64 Who Worked in the Last 12 Months

Full-time employment is typically considered 35-40 hours per week. With the exception of health care coverage, federal law does not regulate the definition of full time employment for compensation and benefits purposes. The Affordable Care Act (ACA/Obamacare) mandates that all employees working an average of 30 or more hours per week at a large employer must be eligible for health care coverage.

Total

35+ Hours per Week
58%
15-34 Hours per Week
35%
1-14 Hours per Week
7%

Male

35+ Hours per Week
65%
15-34 Hours per Week
31%
1-14 Hours per Week
4%

Female

35+ Hours per Week
52%
15-34 Hours per Week
39%
1-14 Hours per Week
9%

Employed by IndustryFull-time, Year-Round Civilians Ages 16+

Male
Female
Compared to US Avg
Normal Health care and social assistance
3%
11%
High Educational services
5%
8%
High Retail trade
8%
4%
Low Manufacturing
9%
3%
Normal Construction
6%
1%
High Accommodation and food services
4%
3%
High Other services, except public administration
2%
4%
Low Professional, scientific, and technical services
4%
2%
Normal Public administration
3%
2%
Normal Administrative, support, waste management services
2%
2%
High Real estate, rental, leasing
2%
1%
Low Transportation and warehousing
2%
1%
Low Finance and insurance
1%
1%
Low Wholesale trade
2%
Normal Agriculture, forestry, fishing and hunting
1%
Normal Arts, entertainment, and recreation
1%
Low Information
Normal Utilities
Normal Mining, quarrying, and oil and gas extraction

Employed by OccupationFull-time, Year-Round Civilians Ages 16+

Male
Female
Compared to US Avg
Normal Office and administrative support
3%
10%
High Sales and related
9%
4%
Normal Management
7%
5%
Normal Production
5%
1%
Normal Education, training, and library
2%
4%
High Personal care and service
1%
4%
Normal Construction and extraction
5%
Low Business and financial operations
2%
2%
Normal Food preparation and serving related
2%
2%
High Architecture and engineering
2%
1%
Normal Installation, maintenance, and repair
3%
Normal Health diagnosing, treating practitioners, other technical
1%
2%
Normal Healthcare support
1%
2%
Normal Computer and mathematical
2%
1%
Normal Community and social service
2%
Low Transportation
2%
Normal Health technologists and technicians
1%
1%
Normal Legal
1%
1%
Low Building, grounds cleaning, maintenance
1%
1%
Normal Arts, design, entertainment, sports, and media
2%
Normal Law enforcement workers including supervisors
1%
Low Material moving
1%
Normal Life, physical, and social science
1%
Normal Fire fighting and prevention, and other protective service workers including supervisors
1%

Means Of Transportation To WorkWorkers Ages 16+

Car, truck, etc.
89.9%
Public transportation
0.6%
Taxi
0.6%
Bicycle, Walked, or Other Means
7.5%
Worked at Home
1.5%
20

Average Commute Time to WorkIn Minutes for Workers Ages 16+ Who Did Not Work at Home

Travel Time to WorkIn Minutes for Workers Ages 16+ Who Did Not Work at Home

Time Leaving for WorkWorkers Ages 16+ Who Did Not Work at Home

Average Commute by Time Leaving for WorkIn Minutes for Workers Ages 16+ Who Did Not Work at Home

Time Arriving at WorkWorkers Ages 16+ Who Did Not Work at Home

Education

Educational AttainmentPopulation Ages 25+

Less than High School Diploma
16%
High School Graduate
50%
Associate's degree
6%
Bachelor's degree
16%
Master's degree
7%
Professional school degree
2%
Doctorate degree
3%
84%

Percent with a High School DiplomaPopulation Ages 25+

High school diplomas include equivalencies, but do not include those who reported completing grade 12 without a diploma.

34%

Percent with a College DegreePopulation Ages 25+

College degrees include those with an Associate's, Bachelor's, Master's, Professional school, or Doctorate degree.

12%

Percent with a Post Graduate DegreePopulation Ages 25+

Post graduate degrees include those with a Master's, Professional school, or Doctorate degree.

School EnrollmentPopulation Ages 5-17

Not being enrolled in school does not necessarily mean that the student dropped out. Only schools that lead to a high school diploma or college degree are included. Home schoolers were instructed to select private school. Ages 3-4 are not included because preschool programs are not usually mandated by law and only 50% of children in this age range were enrolled in Richmond, KY.

Enrolled in Public School
86%
Enrolled in Private School
10%
Not Enrolled in School
4%
4%

Percent Not Enrolled in SchoolPopulation Ages 16-19 without a High School Diploma

90%

Percent Enrolled in Public SchoolPopulation Ages 5-17 Enrolled in School

Demographics

31,844

Total Population

Historical Population

The historical population of Richmond, KY in each census year since 1790 is derived from census records as well as historical state references. Learn more about the urbanization of the US and historical city populations.

Total Population By Age

Life Stages

Children Under 10
11%
Children 10-17
8%
Young Adult Singles
36%
Middle Aged and Married
12%
Seniors
11%
Other
23%
11%

Children Under 10

8%

Children Ages 10-17

36%

Young Adult Singles (Ages 18-39)

12%

Middle Aged and Married (Ages 40-64)

11%

Seniors (Ages 65+)

Marital Status of MalesPopulation Ages 15+

Marital Status of FemalesPopulation Ages 15+

Household Composition

Single female/male families do not necessarily denote single parent households. Single householders living with siblings, their aging parents, or any other relatives would be included.

Married Couples
31%
Single Female Families
14%
Single Male Families
5%
Householder Living Alone
37%
Householder Living with Non-Relative
12%

Race and Ethnicity

The Office of Management Budget (OMB) and Census Bureau consider race and ethnicity as two distinct concepts. A person's race and whether they are of Hispanic origing are self reported to the Census Bureau according to which group they most closely identify. In 1997, the OMB revised the racial classification to include categories for two or more races. Because of criticism for treating these as separate questions and because many residents consider race and ethnicity to be the same, the Race and Ethnicity chart below shows those that consider themselves to be Non-Hispanic for each race with those that consider themselves Hispanic as a separate group.

Race

White
85.2%
Black
8.7%
American Indian or Alaskan
0.4%
Asian
1.4%
Pacific Islander
0.1%
Other
1.4%
Two Plus Races
2.9%

Hispanic and Latino Races

White
43.8%
Black
0.6%
American Indian and Alaskan
7.2%
Asian
4.4%
Pacific Islander
0.0%
Other
43.4%
Two Plus Races
0.5%

Race and Ethnicity

White
83.7%
Black
8.6%
American Indian or Alaskan
0.4%
Asian
1.2%
Pacific Islander
0.1%
Other
0.2%
Two Plus Races
2.9%
Hispanic
2.9%

Hispanic and Latino Origins

Mexican
75%
Puerto Rican
10%
Cuban
0%
Dominican
0%
Central American
7%
South American
7%
Other
1%
24

Racial and Ethnic Diversity

The racial and ethnic diversity index measures the probability that any two people chose at random from Richmond, KY are of different races or ethnicities where higher numbers represent more diversity. It was developed by the University of North Carolina and USA Today in 1991 and adapted in 2000 to account for differences in Census questions. It uses the same calculation methods as the Gini Index used by the Census Bureau to determine household income inequality.

Climate

The climate estimates use Richmond, KY weather from 1971 to 2000 at the nearest official weather station which is located at EASTERN KENTUCKY U.

Average Daily Temperatures by Month (°F)

Average Monthly Precipitation (Inches)

Summer High Temps

This weather station's average summer high temps are lower than 53% of other weather stations.

Winter Low Temps

This weather station's average winter low temps are higher than 60% of other weather stations.

Precipitation Levels

This weather station's average precipitation levels are higher than 74% of other weather stations.

Entity Info

PropertySourceValue
State2013 ACSKY
Summary Level2013 ACS160 (place)
Logical Record Number2010 Census0177247
Logical Record Number2013 ACS0007119
Region2013 ACS3
Division2013 ACS6
State FIPS2013 ACS21
Place FIPS2013 ACS65226
Metro Micro Politan Statistical Area Principal City Indicator2010 CensusY
New England City & Town Area Principal City Indicator2010 CensusN
Name2010 CensusRichmond city
Name2013 ACSRichmond city, Kentucky
Functional Status Code2010 CensusA
Legal Statistical Area Description Code2013 ACS25
State ANSI2010 Census01779786
Place ANSI2010 Census02404614
Full GEOID2013 ACS16000US2165226
GEOID2013 ACS2165226
Population2010 Census31,364
Population2013 ACS31,844
Housing Units2010 Census13,788
Housing Units2013 ACS14,293
Land Area2013 ACS22.8 square miles
Water Area2013 ACS0.3 square miles
Population Density2013 ACS1,394.5 people per sq. mile
Minimum Bounding Rectangle Or Bounding Box2013 ACS[37.623519,-84.34202], [37.794517,-84.24057],
Centroid Or Center Coordinates2013 ACS37.72404511367, -84.29282396629
FIPS Place Class Code2010 CensusC1
Place Size Code2010 Census16