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Richmond, LA Profile: Facts & Data

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Richmond, Louisiana - Basic Facts

The Village of Richmond had a population of 475 as of July 1, 2024.

The primary coordinate point for Richmond is located at latitude 32.3879 and longitude -91.1821 in Madison Parish. The formal boundaries for the Village of Richmond encompass a land area of 1.66 sq. miles and a water area of 0 sq. miles. Madison Parish is in the Central time zone (GMT -6).

The Village 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 Village of Richmond is located within Parish Governing Authority District 2, a minor civil division (MCD) of Madison Parish.


Jump to... (On This Page!)
  1. Richmond 2024 Demographic Data
  2. Growth Rates for Richmond (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Louisiana Research Tools (Easy Tools & Current Data)
  3. Louisiana Data Comparison Tool - 2024 Demographics
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Richmond, LA Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 475 (100%)
Population in Households 383 (80.6%)
Population in Families 314 (66.1%)
Population in Group Quarters1 92 (19.4%)
Population Density 286
Diversity Index2 54
 
 

INCOME

Median Household Income $57,025
Average Household Income $72,515
% of Income for Mortgage4 23%
Per Capita Income $24,880
Wealth Index5 57
Socioeconomic Status Index6 Moderate (51.9)
 

HOUSING

Total HU (Housing Units) 197 (100%)
Owner Occupied HU 117 (59.4%)
Renter Occupied HU 44 (22.3%)
Vacant Housing Units 36 (18.3%)
Median Home Value $211,029
Average Home Value $244,444
Housing Affordability Index3 115
 

HOUSEHOLDS

Total Households 161
Average Household Size 2.38
Family Households 98
Average Family Size 3.00
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. 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 -1.70% -1.65%
Households -0.86% -0.89%
Families   -0.62%
Median Household Income   0.87%
Per Capita Income   3.23%
Owner Occupied HU   -1.23%

Richmond, LA - Peer Comparisons by Rank and Percentile

The table below compares Richmond to the other 489 incorporated cities, towns and CDPs in Louisiana 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 # 361 26th
Population Density # 335 32nd
Median Household Income # 163 67th
Housing Affordability Index # 190 39th
Per Capita Income # 328 33rd
Diversity Index # 216 56th

Additional comparisons and rankings can be made with a VERY EASY TO USE Louisiana Census Data Comparison Tool.

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