Also See Richland, IN: ZIP Codes & Maps
The Town of Richland had a population of 397 as of July 1, 2023.
The primary coordinate point for Richland town is located at latitude 37.9462 and longitude -87.169 in Spencer County. The formal boundaries for the Town of Richland encompass a land area of 0.51 sq. miles and a water area of 0 sq. miles.
The Town of Richland 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 Town of Richland is located within Township of Luce, a minor civil division (MCD) of Spencer County.
POPULATION | |
---|---|
Total Population | 397 (100%) |
Population in Households | 397 (100.0%) |
Population in Families | 336 (84.6%) |
Population in Group Quarters1 | 0 |
Population Density | 771 |
Diversity Index2 | 13 |
INCOME | |
Median Household Income | $55,892 |
Average Household Income | $70,889 |
% of Income for Mortgage4 | 20% |
Per Capita Income | $29,999 |
Wealth Index5 | 49 |
Socioeconomic Status Index6 | Moderate (54.6) |
HOUSING | |
---|---|
Total HU (Housing Units) | 181 (100%) |
Owner Occupied HU | 155 (85.6%) |
Renter Occupied HU | 13 ( 7.2%) |
Vacant Housing Units | 13 ( 7.2%) |
Median Home Value | $182,143 |
Average Home Value | $186,935 |
Housing Affordability Index3 | 127 |
HOUSEHOLDS | |
Total Households | 168 |
Average Household Size | 2.36 |
Family Households | 115 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | -0.46% | -0.51% |
Households | 0.18% | -0.36% |
Families | -0.71% | |
Median Household Income | 3.12% | |
Per Capita Income | 2.37% | |
Owner Occupied HU | 0.51% |
The table below compares Richland town to the other 973 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2023 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 | # 529 | 46th |
Population Density | # 526 | 46th |
Median Household Income | # 688 | 29th |
Housing Affordability Index | # 376 | 39th |
Per Capita Income | # 667 | 32nd |
Diversity Index | # 689 | 29th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.
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