How many renters in Richmond, KY pay more than 30% of their income on rent?

44.2% (±6.0 points) of renting households in Richmond, KY spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).

30.7% spend 35% or more.

The median renting household spends 28.1% of its income on rent.

Figures last updated on .

Paying 30% or more
44.2% (±6.0 points)
Paying 35% or more
30.7% (±4.5 points)
Median share of income
28.1% (±1.3 points)

Rent as a share of income in Richmond

Renting households by gross rent as a percentage of household income, 2020–2024
Share of income spent on rentRichmondMadison CountyKentuckyUnited States
Less than 15%16.5% (±3.3 points)15.9%16.6%12.6%
15% to 19.9%12.6% (±2.9 points)15.2%13.5%12.2%
20% to 24.9%11.6% (±2.6 points)11.8%12.7%12.6%
25% to 29.9%15.1% (±4.1 points)12.4%11.8%11.5%
30% to 34.9%13.5% (±4.0 points)10.7%8.8%9.2%
35% or more30.7% (±4.5 points)33.9%36.6%41.9%

Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.

Richmond against Madison County, its state and the nation

Estimate (90% margin of error)
RichmondMadison CountyKentuckyUnited States
Paying 30% or more44.2% (±6.0 points)44.6% (±4.6 points)45.4% (±0.6 points)51.1%
Paying 35% or more30.7% (±4.5 points)33.9% (±3.6 points)36.6% (±0.5 points)41.9%
Median share of income28.1% (±1.3 points)27.9% (±1.3 points)28.1% (±0.3 points)30.6%
Median renter household income$41,045 (±$3,779)$40,568 (±$3,343)$39,858 (±$584)$52,966
Median gross rent$917 (±$27)$889 (±$26)$967 (±$5)$1,413

In Richmond, the share of renters paying 30% or more of income is not measurably different from Madison County (44.6%).

It is not measurably different from Kentucky (45.4%).

It is lower than the national figure (51.1%).

Statewide, it ranks 205 of 425.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Renters paying 30% or more of income in places near Richmond

Nearest places with a published estimate, compared with Richmond
PlaceDistanceRenters paying 30% or more of incomeCompared with this place
Richmond—44.2% (±6.0 points)—
Berea9.7 mi45.0% (±8.0 points)Not measurably different
Lancaster17 mi58.5% (±16.4 points)Not measurably different
Irvine18 mi35.6% (±11.7 points)Not measurably different
Nicholasville18 mi43.9% (±7.4 points)Not measurably different
Ravenna19 mi36.7% (±29.7 points)Not measurably different
Winchester20 mi54.6% (±11.1 points)Not measurably different
Crab Orchard22 mi58.1% (±26.3 points)Not measurably different
Clay City22 mi49.1% (±24.1 points)Not measurably different

None of the nearby places differs measurably from this one on this figure.

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

What you can do on Seayora in Richmond

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Richmond, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Richmond beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Richmond, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Richmond

Are renters in Richmond rent-burdened?

44.2% of renting households in Richmond pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).

What share of income do renters in Richmond spend on rent?

The median renting household in Richmond, KY spends 28.1% (±1.3 points) of its household income on gross rent.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Richmond city, Kentucky (place:65226, in state:21).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

Related