Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.5 yrs |
|---|---|
| Avg HH Size | 2.39 |
| Below Poverty | 11.2% ▲ 12% above avg |
| College Grads | 27.3% ▼ 30% below avg |
| Unemployment | 3.5% ▼ 29% below avg |
| No HS Diploma | 2 (0.1%) |
| HS Graduate | 552 (39.6%) |
| Some College | 199 (14.3%) |
| Associates | 261 (18.7%) |
| Bachelors | 226 (16.2%) |
| Graduate Degree | 154 (11%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $64,886 ▼ 15% below avg |
|---|---|
| Median Home Value | $140,900 ▼ 49% below avg |
| Home/Income Ratio | 2.2x (nat avg ~3.5x) |
| Median Rent | $1,146/mo |
| Total Housing Units | 952 |
| Vacant Units | 73 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Richland is a city in Indiana, located in Spencer County. The city spans 1 ZIP code and is home to approximately 2,101 residents. It is a middle-aged city, with a median age of 39.5 years.
Economically, Richland is a solidly middle-class community. The median household income of $64,886 is near the national average. Approximately 11.2% of residents live below the poverty line. The unemployment rate is 3.5%, below the national average.
The real estate market in Richland is one of the more affordable housing markets in the country. Median home values stand at $140,900, which is below the national average. Renters typically pay around $1,146 per month. Homeownership is high at 93.0%, typical of suburban and family-oriented communities.
The population of Richland is moderately educated. 27.3% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (93.57%).
Richland, IN offers residents a cost-conscious lifestyle within Indiana.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 47634 | 2,101 | $64,886 | $140,900 | $1,146 | 3.5% | 27.3% | 93.0% |