What is the median household income in New Richmond, OH?
The median household income in New Richmond, OH is $80,536 (±$21,916) a year (2020–2024 American Community Survey).
Paying the median gross rent of $738 a month would take about $29,500 a year at the common guideline of spending no more than 30% of income on rent.
In New Richmond, the median household income went from $62,569 in 2015–2019 to $80,536 in 2020–2024 (+28.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $80,536 (±$21,916)
- Median renter income
- $26,306 (±$7,274)
- Income to afford median rent
- about $29,500
Income in New Richmond against Clermont County, its state and the nation
| New Richmond | Clermont County | Ohio | United States | |
|---|---|---|---|---|
| Median household income | $80,536 (±$21,916) | $85,510 (±$1,983) | $71,389 (±$321) | $80,734 |
| Median renter household income | $26,306 (±$7,274) | $51,888 (±$4,315) | $42,829 (±$325) | $52,966 |
| Median owner household income | $101,744 (±$22,688) | $100,694 (±$2,510) | $90,122 (±$343) | $100,009 |
| Median gross rent | $738 (±$165) | $1,107 (±$33) | $1,034 (±$5) | $1,413 |
In New Richmond, median household income is not measurably different from Clermont County ($85,510).
It is not measurably different from Ohio ($71,389).
It is not measurably different from the national figure ($80,734).
In Clermont County, New Richmond ranks 7 of 30 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 792 of 2,325.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in New Richmond
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $738 a month ($8,856 a year) needs an income of about $29,500 a year.
The median renting household in New Richmond earns $26,306 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $62,569 (±$14,673) | $80,536 (±$21,916) | +28.7% | No measurable change after inflation |
| Median gross rent | $702 (±$92) | $738 (±$165) | +5.1% | No measurable change after inflation |
| Median home value | $161,900 (±$7,919) | $235,900 (±$25,675) | +45.7% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near New Richmond
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| New Richmond | — | $80,536 (±$21,916) | — |
| Ohio Township (Clermont County) | 1.6 mi | $73,289 (±$23,363) | Not measurably different |
| Pierce Township | 3.5 mi | $89,577 (±$4,583) | Not measurably different |
| California | 3.9 mi | $77,813 (±$24,724) | Not measurably different |
| Amelia | 5.0 mi | $70,938 (±$7,450) | Not measurably different |
| Alexandria | 5.6 mi | $102,239 (±$13,744) | Not measurably different |
| Monroe Township (Clermont County) | 5.6 mi | $92,729 (±$25,843) | Not measurably different |
| Coldstream | 5.9 mi | $231,538 (±$44,489) | Higher |
| Mentor | 6.0 mi | $90,625 (±$27,537) | Not measurably different |
Nearby places with a measurably higher figure: Coldstream, OH ($231,538).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Clermont County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Miami Township (Clermont County) | $116,375 (±$6,215) |
| 2 | Mount Repose | $102,031 (±$11,743) |
| 3 | Day Heights | $94,138 (±$38,294) |
| 4 | Monroe Township (Clermont County) | $92,729 (±$25,843) |
| 5 | Pierce Township | $89,577 (±$4,583) |
| 6 | Jackson Township (Clermont County) | $88,156 (±$11,251) |
| 7 | New Richmond | $80,536 (±$21,916) |
| 8 | Wayne Township (Clermont County) | $80,313 (±$13,088) |
| 9 | Union Township (Clermont County) | $80,112 (±$6,874) |
| 10 | Tate Township | $78,429 (±$8,012) |
| 11 | Milford | $78,057 (±$12,142) |
| 12 | Goshen Township (Clermont County) | $77,759 (±$7,365) |
| 13 | Batavia Township | $77,683 (±$6,217) |
Showing 13 of 30 places in Clermont County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about New Richmond
What is the median household income in New Richmond?
The median household income in New Richmond is $80,536 (±$21,916) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in New Richmond?
About $29,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $738 a month.
Have incomes in New Richmond kept up with inflation?
In New Richmond, the median household income went from $62,569 in 2015–2019 to $80,536 in 2020–2024 (+28.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in New Richmond?
The median renting household in New Richmond, OH earns $26,306 (±$7,274) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — New Richmond village, Ohio
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — New Richmond village, Ohio
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Richmond village, Ohio
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — New Richmond village, Ohio
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — New Richmond village, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — New Richmond village, Ohio
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 New Richmond village, Ohio (place:55384, in state:39).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
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
- Housing in New Richmond at a glance
- Median rent in New Richmond
- Rent by bedrooms in New Richmond
- Rent burden in New Richmond
- Renters and owners in New Richmond
- Home values in New Richmond
- Homeowner costs in New Richmond
- Property taxes in New Richmond
- Types of homes in New Richmond
- Bedrooms in New Richmond
- Age of homes in New Richmond
- Heating fuel in New Richmond
- Commute and cars in New Richmond
- Crime reported to police in New Richmond
- Population growth in New Richmond
- How long people stay in New Richmond
- Ohio landlord and tenant rules
- Housing across Clermont County
- Ohio places ranked by median household income
- Housing data for every place in Ohio