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.
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.
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