Richland town, IN Profile: Facts & Data

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Richland town, Indiana - Basic Facts

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The Town of Richland had a population of 424 as of July 1, 2021. Richland town ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

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.


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  1. Richland town 2021 Demographic Data
  2. Growth Rates for Richland town (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Indiana Research Tools (Easy Tools & Current Data)
  3. Indiana Data Comparison Tool - 2021 Demographics
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Richland town, IN Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 424 (100%)
Population in Households 424 (100.0%)
Population in Families 367 (86.6%)
Population in Group Quarters1 0
Population Density 824
Diversity Index2 8
 
 

INCOME

Median Household Income $63,276
Average Household Income $70,085
% of Income for Mortgage4 9%
Per Capita Income $28,597
Wealth Index5 60
 

HOUSING

Total HU (Housing Units) 199 (100%)
Owner Occupied HU 147 (73.9%)
Renter Occupied HU 25 (12.6%)
Vacant Housing Units 26 (13.1%)
Median Home Value $128,571
Average Home Value $183,784
Housing Affordability Index3 318
 

HOUSEHOLDS

Total Households 173
Average Household Size 2.45
Family Households 127
Average Family Size 3
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.

GROWTH RATE / YEAR

2010-2021 2021-2026
Population -0.02% -0.05%
Households 0.16% 0.0%
Families 0.43% 0.0%
Median Household Income   1.66%
Per Capita Income   1.95%
Owner Occupied HU   0.14%

Richland town, IN - Peer Comparisons by Rank and Percentile

The table below compares Richland town to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2021 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 # 505 26th
Population Density # 486 29th
Median Household Income # 197 71st
Housing Affordability Index # 569 84th
Per Capita Income # 268 61st
Diversity Index # 524 23rd

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

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