Richmond Real Estate

Richmond is a city in Kentucky that is home to Eastern Kentucky University and a host of historic sites. The town is the county seat of Madison County and has a population of more than 30,000 people. Richmond is the third-largest city in the Bluegrass region with Lexington and Louisville being the only towns bigger than Richmond in the Bluegrass culture of Kentucky.

Whether you work, shop, or want education opportunities, Richmond can be a place to call home. Read on to learn more about the city before calling an agent from Sage Enterprises!

Population

Richmond is home to nearly 30,000 people. The city houses upwards of 10,000 homes with nearly 6,000 of the residences being family units. About 25 percent of households in Richmond had individuals under the age of 18 living in the home. Just over 35 percent of households in the city consists of married couples. About 13 percent of households in Richmond is made up of women who serve as the primary breadwinners.

Large families tend to be less common in Richmond. The average household size is 2.14, and the average family size is 2.78.

Richmond is pretty diverse when it comes to population as it relates to age. About 18 percent of those living in the city are under 18 years old. Around 32 percent of residents are between the ages of 25 and 44. Richmond is home to 14 percent of individuals between the ages of 45 and 65. Some 10 percent of senior citizens, over the age of 65, call the city their home.

More About Richmond, KY

Income

The median income per household in Richmond is about $26,000 annually. Families see a bit more in annual earnings with the median income being $36,000 per year.

Men tend to earn more than women in Richmond. The average man earns around $31,000 annually. Meanwhile, women who live in Richmond usually earn around $22,000 per year. The wage gap for jobs in town, then, is approximately $9,000. The per capita income for the city of Richmond is approximately $16,000.

Education

There are several schools from which students may choose in Richmond. The city is served by the Madison County Public School System, which has 10 elementary, five middle schools, and two high schools within its borders. Model Laboratory School and Madison Central High School are the public institutions for teenagers.

Those looking to take their learning to the university level while living in Richmond should consider Eastern Kentucky University. The school offers several degree programs and ranks 76 in the Regional Universities South division of accreditation and academics.

Call Sage Enterprises

Finding a new home does not have to be overwhelming. The agents at Sage Enterprises can help you find the home in Richmond that suits you best. We serve Lexington and the surrounding areas. Call us today to set up your consultation!