What is the median household income in Richmond, VT?
The median household income in Richmond, VT is $108,235 (±$23,710) a year (2020–2024 American Community Survey).
In Richmond, the median household income went from $100,637 in 2015–2019 to $108,235 in 2020–2024 (+7.5%).
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
- $108,235 (±$23,710)
- Median renter income
- $73,882 (±$11,476)
Income in Richmond against Chittenden County, its state and the nation
| Richmond | Chittenden County | Vermont | United States | |
|---|---|---|---|---|
| Median household income | $108,235 (±$23,710) | $96,759 (±$3,007) | $81,203 (±$1,339) | $80,734 |
| Median renter household income | $73,882 (±$11,476) | $59,998 (±$3,906) | $49,234 (±$1,333) | $52,966 |
| Median owner household income | $126,364 (±$23,424) | $124,665 (±$4,082) | $97,138 (±$1,553) | $100,009 |
| Median gross rent | — | $1,646 (±$31) | $1,234 (±$18) | $1,413 |
In Richmond, median household income is not measurably different from Chittenden County ($96,759).
It is also higher than in Vermont ($81,203).
It is higher than the national figure ($80,734).
In Chittenden County, Richmond ranks 10 of 17 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 30 of 244.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $100,637 (±$7,721) | $108,235 (±$23,710) | +7.5% | No measurable change after inflation |
| Median home value | $331,100 (±$19,712) | $432,200 (±$39,482) | +30.5% | No measurable change 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 Richmond
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Richmond | — | $108,235 (±$23,710) | — |
| Huntington | 5.0 mi | $94,497 (±$2,859) | Not measurably different |
| Bolton | 5.2 mi | $111,125 (±$17,013) | Not measurably different |
| Jericho | 5.7 mi | $116,923 (±$16,162) | Not measurably different |
| Hinesburg | 6.3 mi | $112,539 (±$17,526) | Not measurably different |
| Williston | 6.6 mi | $106,967 (±$11,875) | Not measurably different |
| St. George | 7.0 mi | $109,464 (±$33,858) | Not measurably different |
| Duxbury | 8.7 mi | $105,208 (±$24,886) | Not measurably different |
| Essex Junction | 10 mi | $89,257 (±$16,233) | 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.
Median household income across Chittenden County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 4 | Shelburne | $115,963 (±$15,767) |
| 5 | Westford | $112,750 (±$12,264) |
| 6 | Hinesburg | $112,539 (±$17,526) |
| 7 | Bolton | $111,125 (±$17,013) |
| 8 | Essex | $110,199 (±$14,119) |
| 9 | St. George | $109,464 (±$33,858) |
| 10 | Richmond | $108,235 (±$23,710) |
| 11 | Williston | $106,967 (±$11,875) |
| 12 | South Burlington | $106,667 (±$12,797) |
| 13 | Colchester | $97,891 (±$8,720) |
| 14 | Huntington | $94,497 (±$2,859) |
| 15 | Underhill | $92,267 (±$54,188) |
| 16 | Winooski | $79,522 (±$11,330) |
Showing 13 of 17 places in Chittenden 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 Richmond
What is the median household income in Richmond?
The median household income in Richmond is $108,235 (±$23,710) a year (2020–2024 American Community Survey).
Have incomes in Richmond kept up with inflation?
In Richmond, the median household income went from $100,637 in 2015–2019 to $108,235 in 2020–2024 (+7.5%).
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 Richmond?
The median renting household in Richmond, VT earns $73,882 (±$11,476) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Richmond town, Chittenden County, Vermont
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Richmond town, Chittenden County, Vermont
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Richmond town, Chittenden County, Vermont
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Richmond town, Chittenden County, Vermont
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Richmond town, Chittenden County, Vermont
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Richmond town, Chittenden County, Vermont
- 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 Richmond town, Chittenden County, Vermont (county subdivision:59275, in state:50 county:007).
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 Richmond at a glance
- Rent by bedrooms in Richmond
- Home values in Richmond
- Homeowner costs in Richmond
- Property taxes in Richmond
- Types of homes in Richmond
- Bedrooms in Richmond
- Age of homes in Richmond
- Heating fuel in Richmond
- Commute and cars in Richmond
- Crime reported to police in Richmond
- Population growth in Richmond
- How long people stay in Richmond
- Crowding and facilities in Richmond
- Vermont landlord and tenant rules
- Housing across Chittenden County
- Vermont places ranked by median household income
- Housing data for every place in Vermont