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Michigan · Census place 68240

Richland village, MI

Quick answer

Richland village has 1,014 residents, ranking #436 of 745 places in Michigan. Median household income is $84,333, the median home is worth $248,400 and median gross rent runs $1,292 a month.

Population
1,014Richland village residents
Median household income
$84,333Past 12 months, inflation adjusted
Median home value
$248,400Owner-occupied units
Median gross rent
$1,292Rent plus utilities, monthly
Median age
39.5 yrsAll residents
Homeownership rate
79.1%Owner-occupied households

What the numbers mean in Richland village

Housing cost measured against local earnings.

A household earning the Richland village median would spend about 18.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 9.4% of residents and 79.1% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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