Apartments for rent in Richmond, KY

Richmond, Kentucky is a small city with slightly less than 34,000 residents. Young adults aged 15-24 can expect to fit right in, as they make up an above-average percentage of the population, while middle-aged professionals account for a smaller percentage of the city. Overall, the city's residents, with an average age of just under 34, skew decidedly younger than most cities in Kentucky. Homeowners tend to be in the minority in Richmond, and 63% of residents rent their homes. The average rent of $721 a month is slightly below the state average.

With an average commute time of about 22 minutes, outperforming most cities in the state, Richmond residents know that traveling to work isn't overly time-consuming. Many residents (41%) drive their car or truck to work, while public transit is not extensively used. Few residents (3%) walk to work, though the number does exceed the national average.

Ten percent of Richmond residents over the age of 25 possess a Bachelor's degree, while 6% have earned a Master's or Doctoral degree. There are plenty of industries from which to choose in Richmond, the most common four of which are retail, education, entertainment, and healthcare. Combined, these industries account for 31% of the labor force in the city. Meanwhile, in terms of job function, many of the city's workers are in sales, making it the top field in the city. With an average annual income of just over $48K, Richmond workers take home less than their peers elsewhere in Kentucky. Richmond's average income also trails the national average ($73,345).