New Richmond

County:: Montgomery County
County Seat:: No
Area (mi²):: 0.192
State:: Indiana

New Richmond is a town located in Montgomery County, Indiana. New Richmond has a 2025 population of 316. New Richmond is currently growing at a rate of 0.32% annually and its population has increased by 1.94% since the most recent census, which recorded a population of 310 in 2020.

The average household income in New Richmond is $72,826 with a poverty rate of 6.35%. The median age in New Richmond is 37.5 years: 26.6 years for males, and 37.8 years for females.

Demographics

The racial composition of New Richmond includes 97.28% White, and smaller percentages for Asian, Two or more races, Native Hawaiian or Pacific Islander, Black or African American, Native American, other race and multiracial populations.

Population by Race

White

Asian

Two or more races

Native Hawaiian or Pacific Islander

Black or African American

Native American

Other race

Race	Population	Percentage (of total)
White	429	97.28%
Asian	9	2.04%
Two or more races	2	0.45%
Native Hawaiian or Pacific Islander	1	0.23%
Black or African American	0	0%
Native American	0	0%
Other race	0	0%

New Richmond Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

New Richmond's average per capita income is $46,620. Household income levels show a median of $80,104. The poverty rate stands at 6.35%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$80,541	-
Families	$80,203	$75,934
Households	$80,104	$72,826
Non Families	$49,750	$59,770

$46,620

Average Income

$80,104

Median Household Income

6.35%

Poverty Rate