Primary sources for Richmond, IN
- Census Bureau profile of Richmond, IN, ACS data
- EIA-861 utility data for Richmond, IN, prices
- DOE LEAD tool for Richmond, IN, energy burden
- NOAA storms and FEMA flood claims for Richmond, IN
Electricity rates in Richmond, Indiana
Richmond, IN ranks 1 of 35 Indiana cities for the lowest median rent ($815 a month). Richmond, Indiana has 35,551 residents in 14,648 households; 27.5% heat with electricity.
Richmond on the map
Wayne County, with Richmond marked
Housing and heating in Richmond
Richmond, IN: 14,043 of 17,287 homes were built before 1980 and 1,285 in 2000 or later. Richmond, IN has 12,288 detached houses, 2,173 homes in 5+ unit buildings and 409 mobile homes.
Age of homes in Richmond, IN
% of homes by decade built, Richmond, IN
- 30pre-40
- 1140s
- 1450s
- 1360s
- 1370s
- 580s
- 690s
- 600s
- 210s
- 020+
Heating fuel in Richmond, IN
| Richmond, IN | Value | County | Gap | Rank |
|---|---|---|---|---|
| Richmond, IN, median year built | 1957 | 1960 | -3 years | 32 of 35 |
| Richmond, IN, built before 1980 | 81.2% | 78.6% | +2.7 points | 3 of 35 |
| Richmond, IN, built 2000 or later | 7.4% | 8.6% | -1.2 points | 32 of 35 |
| Richmond, IN, detached houses | 71.1% | 79.1% | -8.0 points | 10 of 35 |
| Richmond, IN, apartments in 5+ unit buildings | 12.6% | 8.4% | +4.2 points | 29 of 35 |
| Richmond, IN, mobile homes | 2.4% | 3.1% | -0.7 points | 15 of 35 |
| Richmond, IN, renter households | 42.5% | 30.3% | +12.2 points | 13 of 35 |
| Richmond, IN, median home value | $107,600 | $126,100 | -$18,500 | 32 of 35 |
| Richmond, IN, median gross rent a month | $815 | $813 | +$2 | 35 of 35 |
| Richmond, IN, people per household | 2.29 | 2.39 | -0.10 | 23 of 35 |
Who supplies Richmond
Wayne County lists 3 utilities for Richmond, IN (35,551 residents): homes pay 12.75 to 15.83 cents per kWh, about $115 to $143 a month at 901 kWh, 3.0% to 3.7% of the $46,395 Richmond median income. Wayne County page.
Facts about Richmond
- Residents of Richmond, IN, ACS 2023
- 35,55128 of 35 Indiana cities with 30,000+
- Median household income in Richmond, IN
- $46,39531 of 35 of those cities
- Households in Richmond, IN
- 14,6482.43 people each
- Owner-occupied homes in Richmond, IN
- 57.5%8,424 owners and 6,224 renter households
- Housing units in Richmond, IN
- 17,2872,639 vacant or seasonal
- Homes heated by electricity in Richmond, IN
- 27.5%4,034 of 14,648 homes
- Land area of Richmond, IN
- 24.0 sq mi1,481.0 people per sq mi
- Bill as share of income in Richmond, IN
- 3.0% to 3.7%at 901 kWh a month over the $46,395 median household income
- Wind and tornado reports within 15 miles of Richmond, IN
- 128NWS point reports 2015 to 2025, 360.0 per 100,000 residents
- Median year homes were built in Richmond, IN
- 195714,043 of 17,287 homes (81.2%) before 1980
- Median home value and rent in Richmond, IN
- $107,600$815 gross rent a month, 9.09% of value a year
Who lives in Richmond: income, cars, homes
Of 14,531 workers in Richmond, IN, 595 work from home, 11,429 drive alone, 68 ride transit and 646 walk. In Richmond, IN, 1,692 households own no vehicle and 6,797 own two or more; home EV charging depends on that. In Richmond, IN, 5,846 of 14,648 households earn under $35,000, 4,268 $35,000-$75,000, 3,684 $75,000-$150,000 and 850 $150,000 or more. 7,795 residents of Richmond, IN live below the poverty line, and the median age is 38.1. In Richmond, IN, 2,893 of 5,851 renter households pay 30% or more of income in rent; 5,892 households moved in since 2018 and 2,491 before 2000, so electric accounts turn over quickly. Richmond, IN homes: 9,452 have 3+ bedrooms, 2,670 none or one, median 5.5 rooms.
Household income in Richmond, IN
| Richmond, IN | Value | Rank in Indiana |
|---|---|---|
| Richmond, IN, households under $35,000 | 39.9% | 5 of 35 |
| Richmond, IN, households $150,000 or more | 5.8% | 31 of 35 |
| Richmond, IN, residents below poverty | 23.2% | 6 of 35 |
| Richmond, IN, median age | 38.1 | 10 of 35 |
| Richmond, IN, homes with 3+ bedrooms | 54.7% | 21 of 35 |
| Richmond, IN, households without a vehicle | 11.6% | 4 of 35 |
| Richmond, IN, households with 2+ vehicles | 46.4% | 29 of 35 |
| Richmond, IN, workers at home | 4.1% | 34 of 35 |
| Richmond, IN, cost-burdened renters | 49.4% | 19 of 35 |
| Richmond, IN, moved in since 2018 | 40.2% | 13 of 35 |
| Richmond, IN, moved in before 2000 | 17.0% | 16 of 35 |
Cost of living with electricity in Richmond
Richmond, IN: 14,648 households at $1,464 a year per home for electricity (Wayne County average, DOE LEAD) come to about $21.4 million, an estimate; all home energy is $2,426 a year per household.
| Group in Richmond, IN | Households | Power per home | Power bill of the group | Share of Richmond, IN median income |
|---|---|---|---|---|
| Richmond, IN, all households | 14,648 | $1,464 | $21.4 million | 3.16% |
| Richmond, IN, homeowners | 8,424 | $1,672 | $14.1 million | 3.60% |
| Richmond, IN, renters | 6,224 | $1,014 | $6.3 million | 2.19% |
Outage risk around Richmond
Richmond, IN, NWS reports within 15 miles of the centre, 2015 to 2025: 118 wind and 10 tornado, 360.0 per 100,000 residents of 35,551. Top gust near Richmond, IN: 61 knots, 70 mph. Damage near Richmond, IN: $2.3M.
Reports within 15 miles of Richmond, IN
wind and tornado reports, Richmond, IN
- 27'15
- 14'16
- 8'17
- 6'18
- 13'19
- 11'20
- 7'21
- 12'22
- 9'23
- 8'24
- 13'25
| Richmond, IN | Wind | Tornado | Total |
|---|---|---|---|
| Richmond, IN, 2015 | 26 | 1 | 27 |
| Richmond, IN, 2016 | 13 | 1 | 14 |
| Richmond, IN, 2017 | 8 | 0 | 8 |
| Richmond, IN, 2018 | 6 | 0 | 6 |
| Richmond, IN, 2019 | 7 | 6 | 13 |
| Richmond, IN, 2020 | 11 | 0 | 11 |
| Richmond, IN, 2021 | 7 | 0 | 7 |
| Richmond, IN, 2022 | 12 | 0 | 12 |
| Richmond, IN, 2023 | 8 | 1 | 9 |
| Richmond, IN, 2024 | 7 | 1 | 8 |
| Richmond, IN, 2025 | 13 | 0 | 13 |
Analyst note on Richmond
Household income in Richmond, IN is $46,395; 8,424 of its 14,648 households own. Richmond, IN counts 35,551 residents in 14,648 households, on 24.0 square miles. 4,034 of the 14,648 occupied homes in Richmond, IN heat with electricity.
Richmond, IN has 17,287 housing units, 2,639 of them vacant or seasonal. A filing named like the city, City of Richmond, is listed, so a local or municipal utility may serve at least part of Richmond, IN. Richmond, IN ranks 2 of 35 Indiana cities for the fewest people working from home (4.1% of workers).
Richmond, IN ranks 3 of 35 Indiana cities for the oldest homes (median year built 1957). Richmond, IN ranks 4 of 35 Indiana cities for the lowest median home value ($107,600).
Bill and heat pump calculator, Richmond
Compare Richmond with nearby cities
| City near Richmond, IN | Distance from Richmond | Residents | Median income | Median year built | Median home value | Storm reports within 15 miles | Work from home |
|---|---|---|---|---|---|---|---|
| Richmond, IN (this page) | 0 mi | 35,551 | $46,395 | 1957 | $107,600 | 128 | 4.1% |
| Muncie, IN | 36.8 mi northwest | 64,739 (+29,188) | $43,395 (-$3,000) | 1962 (+5 yr) | $92,000 (-$15,600) | 97 (-31) | 5.8% (+1.7 pts) |
| Anderson, IN | 45.9 mi northwest | 54,930 (+19,379) | $47,221 (+$826) | 1961 (+4 yr) | $104,300 (-$3,300) | 101 (-27) | 8.4% (+4.3 pts) |
| Fishers, IN | 57.8 mi west | 100,918 (+65,367) | $128,141 (+$81,746) | 2002 (+45 yr) | $370,200 (+$262,600) | 165 (+37) | 21.9% (+17.8 pts) |
| Lawrence, IN | 58.3 mi west | 49,284 (+13,733) | $73,455 (+$27,060) | 1993 (+36 yr) | $220,400 (+$112,800) | 210 (+82) | 13.5% (+9.4 pts) |
| Noblesville, IN | 60.4 mi west | 71,940 (+36,389) | $102,319 (+$55,924) | 2002 (+45 yr) | $321,800 (+$214,200) | 149 (+21) | 16.9% (+12.8 pts) |
ZIP codes in Richmond
| ZIP area touching Richmond, IN | Share of the ZIP's land inside Richmond | Share of Richmond's land in the ZIP |
|---|---|---|
| 47374 (Richmond, IN) | 20.0% | 100.0% |
Census 2020 ZCTA to place land-area overlap. Look up any ZIP.
Indiana: home prices since 2001, planned plants.
Questions on Richmond
Richmond: what is the electricity rate?
Richmond, IN has no price of its own; its 35,551 residents are served by one of 3 utilities, and a 901 kWh month costs $115 to $143.
Richmond: how does it rank among Indiana cities?
Richmond, IN: rank 28 of 35 by its 35,551 residents, rank 31 of 35 by $46,395 median income.
Richmond: how many homes heat with electricity?
Richmond, IN: 4,034 of 14,648 occupied homes, 27.5%; Wayne County 27.1%.
Richmond: how much income goes to electricity?
At 901 kWh a month, 3.0% to 3.7% of the $46,395 median income in Richmond, IN.
Richmond: damaging storms reported nearby?
128 NWS wind and tornado reports within 15 miles of the centre of Richmond, IN, 2015 to 2025, 360.0 per 100,000 residents.
How old are the homes in Richmond?
Richmond, IN: median home built 1957; 14,043 of 17,287 homes (81.2%) predate 1980, 12,288 are detached and 2,173 sit in buildings of 5+ units.
How many people in Richmond, IN work from home?
595 of 14,531 workers.
How many Richmond, IN households have no car?
1,692 households; 6,797 have two or more.
How many households in Richmond, IN earn under $35,000?
5,846 of 14,648, against 850 at $150,000 or more.