New Richmond

Population: 441
Median household income: $80,104
Median home value: $81,500

New Richmond, a community in Montgomery County, Indiana, has 441 residents. Its median household income of $80,104 runs above the Montgomery County figure of $66,571.

From 2019 to 2023, New Richmond's population grew 32.4% from 333 to 441, while its median home value rose 4.4% from $78,100 to $81,500.

White (non-Hispanic) residents are the largest group, 97.3% of the population. 80.8% of workers drive to work alone.

Demographics

ACS 2019–2023

Population: 441
Median age: 37.5 yrs
Median household income: $80,104
Median home value: $81,500
Median gross rent: $1,063
Housing units: 176
Homeownership rate: 92.0%
Bachelor's degree or higher: 10.8%
Unemployment rate: 6.8%

Trends

ACS 5-year · 2019–2023

Population

333441

Median household income

$50,938$80,104

Median home value

$78,100$81,500

Median gross rent

$725$1,063

Year	Population	Median household income	Median home value	Median gross rent
2019	333	$50,938	$78,100	—
2020	458	$67,917	$71,000	$725
2021	407	$70,536	$71,400	$950
2022	407	$75,750	$80,000	—
2023	441	$80,104	$81,500	$1,063

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 52.3%

5 to 1724.3%

18 to 2410.7%

25 to 347.9%

35 to 4416.3%

45 to 549.1%

55 to 6416.8%

65 to 748.2%

75 and over4.5%

	Count	Share
Under 5	10	2.3%
5 to 17	107	24.3%
18 to 24	47	10.7%
25 to 34	35	7.9%
35 to 44	72	16.3%
45 to 54	40	9.1%
55 to 64	74	16.8%
65 to 74	36	8.2%
75 and over	20	4.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	429	97.3%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	9	2.0%
Native Hawaiian & Pacific Islander	1	0.2%
Some other race	0	0.0%
Two or more races	2	0.5%
Hispanic or Latino (any race)	0	0.0%

Educational attainment (age 25+)

No high school diploma21.7%

High school graduate45.5%

Some college or associate's22.0%

Bachelor's degree8.7%

Graduate or professional degree2.2%

	Count	Share
No high school diploma	60	21.7%
High school graduate	126	45.5%
Some college or associate's	61	22.0%
Bachelor's degree	24	8.7%
Graduate or professional degree	6	2.2%

Commute to work

Mean travel time to work: 43 min

Drove alone80.8%

Carpooled11.0%

Public transit0.0%

Walked0.6%

Bicycle0.0%

Worked from home7.6%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	139	80.8%
Carpooled	19	11.0%
Public transit	0	0.0%
Walked	1	0.6%
Bicycle	0	0.0%
Worked from home	13	7.6%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	8	5.0%
15 to 29 min	60	37.7%
30 to 44 min	62	39.0%
45 to 59 min	6	3.8%
60+ min	23	14.5%

Households

Average household size: 2.71
Poverty rate: 6.3% (28 of 441)

	Count	Share
Family households	116	71.2%
Nonfamily households	47	28.8%

Housing

Median year structure built: 1938

Occupancy

	Count	Share
Occupied	163	92.6%
Vacant	13	7.4%

Tenure (of occupied units)

	Count	Share
Owner-occupied	150	92.0%
Renter-occupied	13	8.0%

1-unit, detached93.8%

1-unit, attached1.1%

2 to 4 units2.8%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other2.3%

Units in structure

	Count	Share
1-unit, detached	165	93.8%
1-unit, attached	2	1.1%
2 to 4 units	5	2.8%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	4	2.3%

Geography

Place GEOID: 1853532
Type (LSAD): 43
Land area: 0.19 sq mi
Water area: 0 sq mi
Center point: 40.1942, -86.9779