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Richmond, Kentucky

The development read on Richmond, from verified US Census data and the live Cividian layers. Every figure below is sourced; anything unverified is marked pending, never estimated.

C grade
Ranks above 46% of peers
Economic grade against US college towns with 25,000 or more residents. Keeping pace with peers. Confidence high.
People: BIncome: CWork: BHousing: BBusiness: D
Why this grade: every measure and its source
MeasureHerePeer medianSource
Population change over 5 years2.7%0.6%US Census ACS 5-year B01003 · 2014-2018 vs 2019-2023 · place
Median household income$48,223$57,539US Census ACS 5-year B19013 · 2019-2023 · place
Income per person$28,500$32,657US Census ACS 5-year B19301 · 2019-2023 · place
Median earnings of working residents$28,802$25,814US Census ACS 5-year B20002 · 2019-2023 · place
Poverty rate21.6%24.6%US Census ACS 5-year B17001 · 2019-2023 · place
Household income change over 5 years39.7%29.6%US Census ACS 5-year B19013 · 2014-2018 vs 2019-2023 · place
Adults 16 and over in the labor force67.2%63.0%US Census ACS 5-year B23025 · 2019-2023 · place
Unemployment rate6.7%5.7%US Census ACS 5-year B23025 · 2019-2023 · place
Vacant homes, not counting seasonal homes8.7%8.6%US Census ACS 5-year B25004 · 2019-2023 · place
Idle vacant homes (not for rent, sale or seasonal use)5.3%2.3%US Census ACS 5-year B25004 · 2019-2023 · place
Median rent as a share of household income28.1%34.6%US Census ACS 5-year B25071 · 2019-2023 · place
Home value change over 5 years41.2%42.9%US Census ACS 5-year B25077 · 2014-2018 vs 2019-2023 · place
Homes the Postal Service reports vacantThe HUD token is not registered for the USPS vacancy dataset.n/aHUD Aggregated USPS Administrative Data on Address Vacancies · Madison County, Kentucky
Homes vacant long term (USPS)The HUD token is not registered for the USPS vacancy dataset.n/aHUD Aggregated USPS Administrative Data on Address Vacancies · Madison County, Kentucky
New homes permitted per 1,000 residents in one year7.83.2US Census Building Permits Survey · 2025 annual · place
Business establishments per 1,000 residents19.223.1US Census County Business Patterns CB2300CBP · 2023 · Madison County, Kentucky
Change in business establishments over 5 years5.7%3.7%US Census County Business Patterns CB2300CBP · 2018 vs 2023 · Madison County, Kentucky
Change in jobs at local businesses over 5 years3.9%4.9%US Census County Business Patterns CB2300CBP · 2018 vs 2023 · Madison County, Kentucky
Business addresses the Postal Service reports vacantThe HUD token is not registered for the USPS vacancy dataset.n/aHUD Aggregated USPS Administrative Data on Address Vacancies · Madison County, Kentucky
Average annual pay per local job$46,103$54,232US Census County Business Patterns CB2300CBP · 2023 · Madison County, Kentucky

Each measure is ranked against US college towns with 25,000 or more residents (76 in all), flipped where lower is better. Measures average into five categories, the categories average into one composite, and the composite is ranked against the same peers: A is the top 20%, then B, C, D, and F is the bottom 20%. "Thriving peers" is the level at the top-20% line. At least 3 of 5 categories are required. Business counts and Postal Service vacancy use Madison County, Kentucky, because neither is published for cities. College town rule: about 20% of residents here are enrolled in college, and students pull income, work and rent measures down, so this place is ranked against other US college towns (at least 20% enrolled) instead of all places its size.

Population
35,498
Median income
$48,223
Median home value
$205,900
Housing vacancy
8.9%

Source: US Census ACS 5-year 2023.

Building momentum

276 residential units permitted in 2025 (vs 311 in 2024).

Source: US Census Building Permits Survey, place-level.

Development signal: 53/100

people: 49money: 53land: 53access: pendingpower: pendingactivity: 67

A separate, unvalidated screen for building here, not part of the grade. Pending layers are excluded, never defaulted.

Go deeper

Parcels and ownership, incentive citations, leadership contacts, and a downloadable underwriting memo for Richmond live inside the terminal.

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Cividian never fabricates a number. If a figure cannot be verified it is marked pending. Cividian provides research support, not investment, legal, or real estate advice.