Primary sources for Richmond, KY
- Census Bureau profile of Richmond, KY, ACS data
- EIA-861 utility data for Richmond, KY, prices
- DOE LEAD tool for Richmond, KY, energy burden
- NOAA storms and FEMA flood claims for Richmond, KY
Electricity rates in Richmond, Kentucky
Richmond, KY ranks 1 of 11 Kentucky cities for the lowest median rent ($860 a month). Richmond, Kentucky has 35,498 residents in 14,741 households; 81.8% heat with electricity.
Richmond on the map
Madison County, with Richmond marked
Housing and heating in Richmond
Richmond, KY: 4,300 of 16,184 homes were built before 1980 and 6,368 in 2000 or later. Richmond, KY has 6,735 detached houses, 4,772 homes in 5+ unit buildings and 598 mobile homes.
Age of homes in Richmond, KY
% of homes by decade built, Richmond, KY
- 4pre-40
- 140s
- 550s
- 760s
- 1070s
- 1480s
- 2090s
- 2200s
- 1610s
- 120+
Heating fuel in Richmond, KY
| Richmond, KY | Value | County | Gap | Rank |
|---|---|---|---|---|
| Richmond, KY, median year built | 1995 | 1993 | +2 years | 2 of 11 |
| Richmond, KY, built before 1980 | 26.6% | 30.4% | -3.9 points | 10 of 11 |
| Richmond, KY, built 2000 or later | 39.3% | 37.3% | +2.1 points | 2 of 11 |
| Richmond, KY, detached houses | 41.6% | 63.0% | -21.3 points | 11 of 11 |
| Richmond, KY, apartments in 5+ unit buildings | 29.5% | 15.2% | +14.3 points | 3 of 11 |
| Richmond, KY, mobile homes | 3.7% | 7.4% | -3.7 points | 2 of 11 |
| Richmond, KY, renter households | 59.9% | 37.6% | +22.3 points | 2 of 11 |
| Richmond, KY, median home value | $205,900 | $220,700 | -$14,800 | 7 of 11 |
| Richmond, KY, median gross rent a month | $860 | $851 | +$9 | 11 of 11 |
| Richmond, KY, people per household | 2.14 | 2.40 | -0.26 | 11 of 11 |
Who supplies Richmond
Madison County lists 6 utilities for Richmond, KY (35,498 residents): homes pay 9.04 to 13.74 cents per kWh, about $95 to $144 a month at 1,047 kWh, 2.4% to 3.6% of the $48,223 Richmond median income. Madison County page.
Facts about Richmond
- Residents of Richmond, KY, ACS 2023
- 35,4987 of 11 Kentucky cities with 30,000+
- Median household income in Richmond, KY
- $48,22310 of 11 of those cities
- Households in Richmond, KY
- 14,7412.41 people each
- Owner-occupied homes in Richmond, KY
- 40.1%5,918 owners and 8,823 renter households
- Housing units in Richmond, KY
- 16,1841,443 vacant or seasonal
- Homes heated by electricity in Richmond, KY
- 81.8%12,062 of 14,741 homes
- Land area of Richmond, KY
- 21.8 sq mi1,629.4 people per sq mi
- Bill as share of income in Richmond, KY
- 2.4% to 3.6%at 1,047 kWh a month over the $48,223 median household income
- Wind and tornado reports within 15 miles of Richmond, KY
- 152NWS point reports 2015 to 2025, 428.2 per 100,000 residents
- Median year homes were built in Richmond, KY
- 19954,300 of 16,184 homes (26.6%) before 1980
- Median home value and rent in Richmond, KY
- $205,900$860 gross rent a month, 5.01% of value a year
Cost of living with electricity in Richmond
Richmond, KY: 14,741 households at $1,559 a year per home for electricity (Madison County average, DOE LEAD) come to about $23.0 million, an estimate; all home energy is $1,751 a year per household.
| Group in Richmond, KY | Households | Power per home | Power bill of the group | Share of Richmond, KY median income |
|---|---|---|---|---|
| Richmond, KY, all households | 14,741 | $1,559 | $23.0 million | 3.23% |
| Richmond, KY, homeowners | 5,918 | $1,871 | $11.1 million | 3.88% |
| Richmond, KY, renters | 8,823 | $1,064 | $9.4 million | 2.21% |
Who lives in Richmond: income, cars, homes
In Richmond, KY, 3,656 of 8,422 renter households pay 30% or more of income in rent; 8,357 households moved in since 2018 and 864 before 2000, so electric accounts turn over quickly. In Richmond, KY, 4,894 of 14,741 households earn under $35,000, 5,057 $35,000-$75,000, 3,407 $75,000-$150,000 and 1,383 $150,000 or more. 6,821 residents of Richmond, KY live below the poverty line, and the median age is 28.1. In Richmond, KY, 893 households own no vehicle and 7,504 own two or more; home EV charging depends on that. Richmond, KY homes: 7,949 have 3+ bedrooms, 2,761 none or one, median 4.9 rooms. Of 17,952 workers in Richmond, KY, 1,166 work from home, 13,862 drive alone, 32 ride transit and 836 walk.
Household income in Richmond, KY
| Richmond, KY | Value | Rank in Kentucky |
|---|---|---|
| Richmond, KY, households under $35,000 | 33.2% | 3 of 11 |
| Richmond, KY, households $150,000 or more | 9.4% | 9 of 11 |
| Richmond, KY, residents below poverty | 21.6% | 3 of 11 |
| Richmond, KY, median age | 28.1 | 10 of 11 |
| Richmond, KY, homes with 3+ bedrooms | 49.1% | 9 of 11 |
| Richmond, KY, households without a vehicle | 6.1% | 9 of 11 |
| Richmond, KY, households with 2+ vehicles | 50.9% | 6 of 11 |
| Richmond, KY, workers at home | 6.5% | 7 of 11 |
| Richmond, KY, cost-burdened renters | 43.4% | 8 of 11 |
| Richmond, KY, moved in since 2018 | 56.7% | 1 of 11 |
| Richmond, KY, moved in before 2000 | 5.9% | 11 of 11 |
Outage risk around Richmond
Richmond, KY, NWS reports within 15 miles of the centre, 2015 to 2025: 144 wind and 8 tornado, 428.2 per 100,000 residents of 35,498. Top gust near Richmond, KY: 96 knots, 110 mph. Damage near Richmond, KY: $660K.
Reports within 15 miles of Richmond, KY
wind and tornado reports, Richmond, KY
- 17'15
- 7'16
- 14'17
- 18'18
- 8'19
- 12'20
- 12'21
- 14'22
- 18'23
- 13'24
- 19'25
| Richmond, KY | Wind | Tornado | Total |
|---|---|---|---|
| Richmond, KY, 2015 | 15 | 2 | 17 |
| Richmond, KY, 2016 | 7 | 0 | 7 |
| Richmond, KY, 2017 | 14 | 0 | 14 |
| Richmond, KY, 2018 | 17 | 1 | 18 |
| Richmond, KY, 2019 | 8 | 0 | 8 |
| Richmond, KY, 2020 | 12 | 0 | 12 |
| Richmond, KY, 2021 | 10 | 2 | 12 |
| Richmond, KY, 2022 | 12 | 2 | 14 |
| Richmond, KY, 2023 | 17 | 1 | 18 |
| Richmond, KY, 2024 | 13 | 0 | 13 |
| Richmond, KY, 2025 | 19 | 0 | 19 |
Analyst note on Richmond
Household income in Richmond, KY is $48,223; 5,918 of its 14,741 households own. Richmond, KY counts 35,498 residents in 14,741 households, on 21.8 square miles. 12,062 of the 14,741 occupied homes in Richmond, KY heat with electricity.
Richmond, KY has 16,184 housing units, 1,443 of them vacant or seasonal. Richmond, KY ranks 1 of 11 Kentucky cities for the share of homes heated by electricity (82%). Richmond, KY ranks 2 of 11 Kentucky cities for the newest homes (median year built 1995).
Richmond, KY ranks 2 of 11 Kentucky cities for the share of renter households (60%).
Bill and heat pump calculator, Richmond
Compare Richmond with nearby cities
| City near Richmond, KY | Distance from Richmond | Residents | Median income | Median year built | Median home value | Storm reports within 15 miles | Work from home |
|---|---|---|---|---|---|---|---|
| Richmond, KY (this page) | 0 mi | 35,498 | $48,223 | 1995 | $205,900 | 152 | 6.5% |
| Nicholasville, KY | 18.3 mi northwest | 31,625 (-3,873) | $67,514 (+$19,291) | 1991 (-4 yr) | $210,700 (+$4,800) | 201 (+49) | 8.3% (+1.8 pts) |
| Lexington-Fayette, KY | 23.2 mi north | 321,122 (+285,624) | $67,631 (+$19,408) | 1983 (-12 yr) | $272,100 (+$66,200) | 224 (+72) | 10.9% (+4.4 pts) |
| Georgetown, KY | 38.9 mi north | 38,206 (+2,708) | $78,373 (+$30,150) | 2000 (+5 yr) | $244,200 (+$38,300) | 145 (-7) | 9.4% (+2.9 pts) |
| Louisville/Jefferson County metro government, KY | 79.4 mi northwest | 627,210 (+591,712) | $64,731 (+$16,508) | 1970 (-25 yr) | $221,500 (+$15,600) | 430 (+278) | 11.6% (+5.1 pts) |
| Elizabethtown, KY | 86.3 mi west | 31,870 (-3,628) | $56,250 (+$8,027) | 1990 (-5 yr) | $223,200 (+$17,300) | 120 (-32) | 5.2% (-1.3 pts) |
ZIP codes in Richmond
| ZIP area touching Richmond, KY | Share of the ZIP's land inside Richmond | Share of Richmond's land in the ZIP |
|---|---|---|
| 40475 (Richmond, KY) | 6.9% | 97.7% |
| 40403 (Richmond, KY) | 0.4% | 2.3% |
Census 2020 ZCTA to place land-area overlap. Look up any ZIP.
Kentucky: home prices since 2001, planned plants.
Questions on Richmond
Richmond: what is the electricity rate?
Richmond, KY has no price of its own; its 35,498 residents are served by one of 6 utilities, and a 1,047 kWh month costs $95 to $144.
Richmond: how does it rank among Kentucky cities?
Richmond, KY: rank 7 of 11 by its 35,498 residents, rank 10 of 11 by $48,223 median income.
Richmond: how many homes heat with electricity?
Richmond, KY: 12,062 of 14,741 occupied homes, 81.8%; Madison County 80.7%.
Richmond: how much income goes to electricity?
At 1,047 kWh a month, 2.4% to 3.6% of the $48,223 median income in Richmond, KY.
Richmond: damaging storms reported nearby?
152 NWS wind and tornado reports within 15 miles of the centre of Richmond, KY, 2015 to 2025, 428.2 per 100,000 residents.
How old are the homes in Richmond?
Richmond, KY: median home built 1995; 4,300 of 16,184 homes (26.6%) predate 1980, 6,735 are detached and 4,772 sit in buildings of 5+ units.
How many Richmond, KY renters struggle with rent?
3,656 of 8,422 renter households pay 30% or more of income in rent.
How many households in Richmond, KY earn under $35,000?
4,894 of 14,741, against 1,383 at $150,000 or more.
How many residents of Richmond, KY live below the poverty line?
6,821 residents.