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Richmond, KY

Full City Profile · Kentucky · Madison County County

3.0 /5.0
B Good
35,498 Population 1,616/sq mi density
$48,223 Median Income $28,500 per capita
$205,900 Home Value $292,293 Zillow
$860 Median Rent 28.1% income on rent
56°F Avg Temperature 318 sunny days/yr
206 Violent Crime/100K 2,205 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$48,223 median income, 4.5% unemployment
A
Affordability
4.3 / 5.0
$205,900 home value, $860/mo rent
F
Safety
1.0 / 5.0
206 violent crimes/100K
B+
Education
3.7 / 5.0
34.3% bachelor's degree or higher

Change Over Time (2013, 2023)

Population Change
+17.6%
32,755 → 38,510
over 10 years
Annual Pop. Growth
+1.63%
Compound annual growth rate
Median Income Change
+53.9%
$31,326 → $48,223
nominal, not inflation-adjusted
Annual Income Growth
+4.41%
Compound annual growth rate

Population Over Time

Total population for Richmond across each available Census ACS release.

Median Household Income Over Time

Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).

Projected 2030

Simple projections extrapolating the 2013, 2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts, real outcomes depend on migration, policy and economic shifts.

Projected Population 2030
43,125
+4,615 from 2023 (38,510)
Projected Median Income 2030
$65,230
+$17,007 from 2023 ($48,223)

Year-by-Year Detail

Year Population YoY % Median Income YoY %
2013 32,755 - $31,326 -
2015 33,920 +3.6% $30,621 -2.3%
2017 35,354 +4.2% $34,754 +13.5%
2019 36,191 +2.4% $36,302 +4.5%
2021 35,756 -1.2% $40,221 +10.8%
2023 38,510 +7.7% $48,223 +19.9%
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.