Richmond is a medium-sized city located in the state of Kentucky. With a population of 34,585 people and 20 constituent neighborhoods, Richmond is the sixth largest community in Kentucky.
Richmond real estate is some of the most expensive in Kentucky, although Richmond house values don't compare to the most expensive real estate in the U.S.
Richmond is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Richmond is a city of service providers, professionals, and sales and office workers. There are especially a lot of people living in Richmond who work in office and administrative support (11.16%), sales jobs (10.19%), and food service (9.56%).
Also of interest is that Richmond has more people living here who work in computers and math than 95% of the places in the US.
Richmond is also a major college town with a large number of people who are 18 years or older and attending college. As is often the case in college towns, the many students that live in Richmond have a strong influence on the local culture and entertainment scene, which may seem dormant by comparison in the summer months when much of the student population is away. In the fall, the return of students has a reinvigorating effect on the community. Because colleges are lasting institutions, they have a stabilizing effect on the economy by providing direct local benefits such as jobs for faculty and staff and spending by students. Richmond’s economy is one such example of this.
In terms of college education, Richmond is substantially better educated than the typical community in the nation, which has 21.84% of the adults holding a bachelor's degree or graduate degree: 32.10% of adults in Richmond have a college degree.
The per capita income in Richmond in 2018 was $22,549, which is middle income relative to Kentucky, and lower middle income relative to the rest of the US. This equates to an annual income of $90,196 for a family of four. However, Richmond contains both very wealthy and poor people as well.
Richmond is a somewhat ethnically-diverse city. The people who call Richmond home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Richmond residents report their race to be White, followed by Black or African-American. Important ancestries of people in Richmond include Irish, English, German, European, and Scottish.
The most common language spoken in Richmond is English. Other important languages spoken here include Spanish and Arabic.