New Richmond, IN

Full City Profile · Indiana · Montgomery County County

3.6 /5.0
B+ Good
441 Population 2,321/sq mi density
$80,104 Median Income $24,326 per capita
$81,500 Home Value $258,472 Zillow
$1,063 Median Rent 15.0% income on rent
52°F Avg Temperature
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$80,104 median income, 6.8% unemployment
A+
Affordability
5.0 / 5.0
$81,500 home value, $1,063/mo rent
D
Education
1.9 / 5.0
10.8% bachelor's degree or higher

New Richmond, IN

At a Glance

Median Income
$80,104
7% above
$24,326 per capita
Home Value
$81,500
71% below
Zillow: $258,472
Median Rent
$1,063/mo
9% below
15.0% of income on rent
Bachelor's Degree+
10.8%
68% below
78.3% high school+
Unemployment
6.8%
89% above
1.7% poverty rate
Obesity Rate
38.4%
20% above
17.3% smoking rate
Avg Temperature
52°F

How New Richmond Compares to the U.S. Average

Each bar shows New Richmond's value as a percentage of the national average (100% = U.S. avg)

Income
107%
Home Value
29%
Rent
91%
Poverty
14%
Bachelor's
32%
Unemployment
189%
Thin vertical line = U.S. national average (100%)

Is New Richmond a Good Place to Live?

B+
3.6 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

New Richmond residents earn a median household income of $80,104 , which is 7% above the national average of $75,149. Per capita income is $24,326. The unemployment rate stands at 6.8% (89% above the U.S. rate of 3.6%). 1.7% of residents live below the poverty line. The area is home to 915 business establishments, including 90 restaurants.

Housing & Cost of Living

The median home value in New Richmond is $81,500 , 71% below the national median of $281,900. Zillow estimates the typical home at $258,472. Median rent is $1,063/month, with 15.0% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1938.

Education

10.8% of adults in New Richmond hold a bachelor's degree or higher (68% below the national average). 78.3% have completed high school. Local schools score 6.0/10 in standardized testing.

Climate & Weather

New Richmond has an average annual temperature of 52°F (11°C). Winters average 25°F in January while summers reach 74°F in July. Annual precipitation totals 39.8 inches.

Data Overview

People

Population441
Median Age37.5 yrs
Density2,321/mi²
Male / Female50% / 50%
Foreign Born2.5%
Veterans3.7%

Economy

B+
Median Income$80,104
Per Capita$24,326
Unemployment6.8%
Poverty1.7%
County GDP$2,228M
Avg Weekly Wage$1,104

Housing

A+
Home Value$81,500
Rent$1,063
Ownership92.0%
Zillow$258,472
Housing Units167
Rent Burden15.0%

Health

Obesity38.4%
Diabetes10.4%
Smoking17.3%
Heart Disease5.8%
Premature Death9,100/100K

Climate

Avg Temp52°F
Rain39.8 in/yr
Elevation784 ft

Education

D
Bachelor's+10.8%
High School+78.3%
Graduate+4.3%
School Score6.0/10

Community

2024 VoteR 73% / D 25%
Commute44 min
Broadband95.7%
Internet Speed103 Mbps
EV Stations4
Libraries6

Did You Know?

New Richmond was founded in 1836.
The median home in New Richmond was built in 1938.
The nearest airport is Vermilion Regional (33 miles).
The Gini coefficient (income inequality) is 0.427 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
24.0% of the population has a disability.
Average internet download speed is 103 Mbps.
The county recorded 7 fatal vehicle crashes.