Richmond, MO Profile: Facts & Data

Richmond, Missouri - Basic Facts

The City of Richmond had a population of 6,090 as of July 1, 2024.

The primary coordinate point for Richmond is located at latitude 39.2786 and longitude -93.9769 in Ray County. The formal boundaries for the City of Richmond encompass a land area of 6.07 sq. miles and a water area of 0.02 sq. miles. Ray County is in the Central time zone (GMT -6).

The City of Richmond has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Richmond is located within Township of Richmond, a minor civil division (MCD) of Ray County.

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Richmond, MO Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	6,090 (100%)
Population in Households	5,967 (98.0%)
Population in Families	4,349 (71.4%)
Population in Group Quarters¹	123 ( 2.0%)
Population Density	990
Diversity Index²	28


INCOME
Median Household Income	$62,499
Average Household Income	$74,415
% of Income for Mortgage⁴	17%
Per Capita Income	$31,288
Wealth Index⁵	49
Socioeconomic Status Index⁶	Moderate (47.6)

HOUSING
Total HU (Housing Units)	2,806 (100%)
Owner Occupied HU	1,517 (54.1%)
Renter Occupied HU	1,041 (37.1%)
Vacant Housing Units	248 ( 8.8%)
Median Home Value	$169,559
Average Home Value	$190,903
Housing Affordability Index³	146

HOUSEHOLDS
Total Households	2,558
Average Household Size	2.33
Family Households	1,487
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

2,806 (100%)

Owner Occupied HU

1,517 (54.1%)

Renter Occupied HU

1,041 (37.1%)

Vacant Housing Units

248 ( 8.8%)

Median Home Value

$169,559

Average Home Value

$190,903

Housing Affordability Index³

146

HOUSEHOLDS

Total Households

2,558

Average Household Size

2.33

Family Households

1,487

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.30%	0.01%
Households	0.05%	0.12%
Families		-0.05%
Median Household Income		2.69%
Per Capita Income		2.60%
Owner Occupied HU		0.18%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.30%

0.01%

Households

0.05%

0.12%

Families

-0.05%

Median Household Income

2.69%

Per Capita Income

2.60%

Owner Occupied HU

0.18%

Richmond, MO - Peer Comparisons by Rank and Percentile

The table below compares Richmond to the other 1,082 incorporated cities, towns and CDPs in Missouri by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 126	88th
Population Density	# 334	69th
Median Household Income	# 474	56th
Housing Affordability Index	# 782	72nd
Per Capita Income	# 548	49th
Diversity Index	# 317	71st

Variable Description

Rank

Percentile

Total Population

# 126

88th

Population Density

# 334

69th

Median Household Income

# 474

56th

Housing Affordability Index

# 782

72nd

Per Capita Income

# 548

49th

Diversity Index

# 317

71st

Missouri Census Data Comparison Tool

Richmond, MO Profile: Facts & Data

Richmond, Missouri - Basic Facts

Richmond, MO Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Richmond, MO - Peer Comparisons by Rank and Percentile

Richmond, MO - Most Popular Things to Do

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Ray County