Richland, MI Profile: Facts & Data

Richland, Michigan - Basic Facts

The Village of Richland had a population of 1,001 as of July 1, 2024.

The primary coordinate point for Richland is located at latitude 42.3762 and longitude -85.455 in Kalamazoo County. The formal boundaries for the Village of Richland encompass a land area of 1.01 sq. miles and a water area of 0 sq. miles. Kalamazoo County is in the Eastern time zone (GMT -5).

The Village of Richland has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Richland is located within Township of Richland, a minor civil division (MCD) of Kalamazoo County.

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Richland, MI Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,001 (100%)
Population in Households	1,001 (100.0%)
Population in Families	878 (87.7%)
Population in Group Quarters¹	0
Population Density	987
Diversity Index²	23


INCOME
Median Household Income	$100,965
Average Household Income	$135,474
% of Income for Mortgage⁴	20%
Per Capita Income	$56,842
Wealth Index⁵	146
Socioeconomic Status Index⁶	Moderate (64.8)

HOUSING
Total HU (Housing Units)	434 (100%)
Owner Occupied HU	358 (82.5%)
Renter Occupied HU	62 (14.3%)
Vacant Housing Units	14 ( 3.2%)
Median Home Value	$328,571
Average Home Value	$386,173
Housing Affordability Index³	112

HOUSEHOLDS
Total Households	420
Average Household Size	2.38
Family Households	311
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

434 (100%)

Owner Occupied HU

358 (82.5%)

Renter Occupied HU

62 (14.3%)

Vacant Housing Units

14 ( 3.2%)

Median Home Value

$328,571

Average Home Value

$386,173

Housing Affordability Index³

112

HOUSEHOLDS

Total Households

420

Average Household Size

2.38

Family Households

311

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.34%	0.30%
Households	0.74%	0.47%
Families		0.51%
Median Household Income		3.80%
Per Capita Income		3.68%
Owner Occupied HU		1.36%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

1.34%

0.30%

Households

0.74%

0.47%

Families

0.51%

Median Household Income

3.80%

Per Capita Income

3.68%

Owner Occupied HU

1.36%

Richland, MI - Peer Comparisons by Rank and Percentile

The table below compares Richland to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 428	43rd
Population Density	# 327	56th
Median Household Income	# 58	92nd
Housing Affordability Index	# 266	36th
Per Capita Income	# 63	92nd
Diversity Index	# 386	48th

Variable Description

Rank

Percentile

Total Population

# 428

43rd

Population Density

# 327

56th

Median Household Income

# 58

92nd

Housing Affordability Index

# 266

36th

Per Capita Income

# 63

92nd

Diversity Index

# 386

48th

Michigan Census Data Comparison Tool

Richland, MI Profile: Facts & Data

Richland, Michigan - Basic Facts

Richland, MI Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Richland, MI - Peer Comparisons by Rank and Percentile

Richland, MI - Most Popular Things to Do

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