New Richmond, IN

Census Place

2024 Population

433

US Senator

Todd Young

Republican Party

US Senator

Jim Banks

Republican Party

2024 Median Age

37.7

0.533% 1-year increase

2024 Poverty Rate

6.93%

9.12% 1-year increase

2024 Median Household Income

$80,329

0.281% 1-year growth

2024 Median Property Value

$89,200

Population & Diversity

New Richmond, IN is home to a population of 433 people, from which 99.3% are citizens.

As of 2024, 1.85% of New Richmond, IN residents were born outside of the country (8 people).

In 2024, there were 84.4 times more White (Non-Hispanic) residents (422 people) in New Richmond, IN than any other race or ethnicity. There were 5 Asian (Non-Hispanic) and 3 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99.3%

2024 Citizenship

99.1%

2023 Citizenship

As of 2024, 99.3% of New Richmond, IN residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in New Richmond, IN was 99.1%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in New Richmond, IN compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in New Richmond, IN

White (Non-Hispanic)
422 ± 228
Asian (Non-Hispanic)
5 ± 7
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
3 ± 5

0.462%

Hispanic Population

2 people

0.462% of the people in New Richmond, IN are hispanic (2 people).

The following chart shows the 8 races represented in New Richmond, IN as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Indiana.

Most Common Origin

Mexico
111,417 ± 8,128 people
India
37,388 ± 4,734 people
Nigeria
18,164 ± 3,304 people

In 2024, the most common birthplace for the foreign-born residents of Indiana was Mexico, the natal country of 111,417 Indiana residents, followed by India with 37,388 and Nigeria with 18,164.

Foreign-Born Population

1.85%

2024 Foreign-Born Population

8 people

2.49%

2023 Foreign-Born Population

11 people

As of 2024, 1.85% of New Richmond, IN residents (8 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in New Richmond, IN was 2.49%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in New Richmond, IN compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
6 ± 20
Gulf War (1990s)
1 ± 13

New Richmond, IN has a large population of military personnel who served in Vietnam, 6 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in New Richmond, IN.

Economy

The economy of New Richmond, IN employs 194 people. In 2024, the largest industries in New Richmond, IN were Construction (44 people), Manufacturing (36 people), and Accommodation & Food Services (20 people), and the highest paying industries were Information ($113,750), Other Services Except Public Administration ($75,313), and Health Care & Social Assistance ($51,875).

Employment

Occupations

194

2024 Value

± 92

1.57%

1 Year growth

± 63.8%

From 2023 to 2024, employment in New Richmond, IN grew at a rate of 1.57%, from 191 employees to 194 employees.

The most common job groups, by number of people living in New Richmond, IN, are Construction & Extraction Occupations (47 people), Production Occupations (30 people), and Food Preparation & Serving Related Occupations (25 people). This chart illustrates the share breakdown of the primary jobs held by residents of New Richmond, IN.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Indiana.

This chart shows weekly unemployment insurance claims in Indiana (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

194

2024 Value

± 92

1.57%

1 Year growth

± 63.8%

From 2023 to 2024, employment in New Richmond, IN grew at a rate of 1.57%, from 191 employees to 194 employees.

The most common employment sectors for those who live in New Richmond, IN, are Construction (44 people), Manufacturing (36 people), and Accommodation & Food Services (20 people). This chart shows the share breakdown of the primary industries for residents of New Richmond, IN, though some of these residents may live in New Richmond, IN and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$19,236

Median earning men ± $36,783

$47,222

Median earning women ± $7,578

The industries with the best median earnings for men in 2024 are Other Services Except Public Administration ($75,313), Manufacturing ($61,250), and Public Administration ($48,750).

The industries with the best median earnings for women in 2024 are Educational Services, & Health Care & Social Assistance ($53,125), Professional, Scientific, & Management, & Administrative & Waste Management Services ($51,042), and Manufacturing ($46,429).

Housing & Living

The median property value in New Richmond, IN was $89,200 in 2024, which is 0.268 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $81,500 to $89,200, a 9.45% increase. The homeownership rate in New Richmond, IN is 90.6%, which is higher than the national average of 65.2%.

People in New Richmond, IN have an average commute time of 44.8 minutes, and they drove alone to work. Car ownership in New Richmond, IN is higher than the national average, with an average of 3 cars per household.

Housing

Property

$89,200

Median Property Value 2024

±$29,529

$145

Median Property Taxes

±$66

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In New Richmond, IN the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in New Richmond, IN compared to it's parent and neighbor geographies.

Rent vs Own

90.6%

Homeownership

2024

70.4%

Homeowners with Mortgage

2024

In 2024, 90.6% of the housing units in New Richmond, IN were occupied by their owner. This percentage declined from the previous year's rate of 92%.

This chart shows the percentage of owner in New Richmond, IN compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$80,329

Median Household Income

± $11,468

160

Number of Households

± 66

In 2024, the median household income of the 160 households in New Richmond, IN grew to $80,329 from the previous year's value of $80,104.

The following chart displays the households in New Richmond, IN distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for New Richmond, IN is from Indiana.

0.442

2024 Wage GINI in Indiana

0.445

2023 Wage GINI in Indiana

In 2024, the income inequality in Indiana was 0.442 according to the GINI calculation of the wage distribution. Income inequality had a 0.807% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Indiana was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Indiana in comparison to the national average.

This chart shows the number of workers in Indiana across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (82.5%)
Carpooled (10.5%)
Worked At Home (6.43%)

In 2024, 82.5% of workers in New Richmond, IN drove alone to work, followed by those who carpooled to work (10.5%) and those who worked at home (6.43%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

44.8 minutes

Average Travel Time

Using averages, employees in New Richmond, IN have a longer commute time (44.8 minutes) than the normal US worker (26.4 minutes). Additionally, 8.13% of the workforce in New Richmond, IN have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in New Richmond, IN compares to that of it's neighboring and parent geographies.

Car Ownership

3 cars

Average Number

The following chart displays the households in New Richmond, IN distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in New Richmond, IN have 3 cars.

Poverty

Poverty & Diversity

6.93% of the population for whom poverty status is determined in New Richmond, IN (30 out of 433 people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 55 - 64, followed by Males 6 - 11 and then Females < 5.

The most common racial or ethnic group living below the poverty line in New Richmond, IN is White, followed by Two Or More and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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