Richmond is a city in Kentucky state in USA with a population of 35744 residents.. The poverty rate of Richmond is 27%, which is 93% higher than national average. The typical household in Richmond earns $39329 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 59.1% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Richmond, only 90% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Richmond remained 8.7%, which is 85% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Richmond, only 32% of adults have a bachelor's degree and 32% have some college but no degree.

Cost of living in Richmond is 92, which is 8% lower than national average. Median home value in Richmond is $148900 , which is 35% lower than national average. While median income in Richmond remained $39329, which is 42% lower than national average.