Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 62.2 yrs |
|---|---|
| Avg HH Size | 2.23 |
| Below Poverty | 5.3% ▼ 47% below avg |
| College Grads | 69.7% ▲ 80% above avg |
| Unemployment | 2.6% ▼ 47% below avg |
| HS Graduate | 151 (18.8%) |
| Some College | 28 (3.5%) |
| Associates | 64 (8%) |
| Bachelors | 57 (7.1%) |
| Graduate Degree | 502 (62.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $113,304 ▲ 48% above avg |
|---|---|
| Median Home Value | $555,300 ▲ 99% above avg |
| Home/Income Ratio | 4.9x (nat avg ~3.5x) |
| Median Rent | $928/mo |
| Total Housing Units | 569 |
| Vacant Units | 138 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Richmond is a city in Massachusetts, located in Berkshire County. The city spans 1 ZIP code and is home to approximately 962 residents. It is an older city, with a median age of 62.2 years.
Economically, Richmond is a upper-middle-income community. The median household income of $113,304 is above the national average. Approximately 5.3% of residents live below the poverty line. The unemployment rate is 2.6%, below the national average.
The real estate market in Richmond is a premium housing market. Median home values stand at $555,300, which is significantly above the national average. Renters typically pay around $928 per month. Homeownership is high at 95.6%, typical of suburban and family-oriented communities.
The population of Richmond is highly educated. 69.7% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (90.02%).
Richmond, MA offers residents above-average earning potential within Massachusetts.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 01254 | 962 | $113,304 | $555,300 | $928 | 2.6% | 69.7% | 95.6% |