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
Compare with nearby places
Places of similar size in Michigan.
- Beaverton city 1,036
- Roscommon village 1,029
- Harbor Springs city 1,015
- Chums Corner CDP 1,012
- Hesperia village 1,007
- Lake Victoria CDP 1,002
- Au Gres city 982
Keep going
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