Richmond is a moderately-sized city located in the state of Kentucky. The city has a population of 33,583 inhabitants. If we look at the most recent Census, Richmond is known to have a predominantly White population. The next two most common races are Black and Asian. Richmond tends to attract a younger crowd, as the median age of 26 is far below the national average.
Without the right tools, relocating to any new city can be very stressful and challenging. Living in Richmond, Kentucky could be a good experience for anyone who puts in the effort to do the research required. To help you find the best places to live in and around Richmond, AreaVibes has created a livability score using key metrics like crime, cost of living, weather, education, housing and more.
With a livability score of 72/100, Richmond is ranked #8,740 in the United States and #211 in Kentucky. If we take a closer look at each of the categories individually, we see that Richmond ranks well for amenities (A+) and cost of living (B). Unfortunately for Richmond, there are some categories for which it does not score well, this includes: employment (F) and housing (F).
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Richmond, there is no shortage of amazing local amenities and interesting things to do. Here are some of the more popular things to do in Richmond: Fort Boonesborough State Park, White Hall State Historic Site, and Battle of Richmond Visitors Center.
Assuming that Richmond meets all of your requirements, the next most important item to examine is the affordability of real estate in Richmond. Everything else becomes a lot less important if it turns out that home prices in Richmond are simply unattainable. Median real estate prices in Richmond come in at $138,700, which is 10% higher than the Kentucky average. The home price to income ratio compares the median home prices to the median household income. In Richmond, the home price to income ratio is 4.3, which is 53.6% higher than the Kentucky average. Real estate appreciation rates in Richmond are important to consider, as they can act as a guide to determine if your new home purchase will be a solid investment going forward. During the last twelve months, the appreciation rate for Richmond homes comes in at 5.8%, and the 5 year appreciation rates were 3.7%.