Richmond is located close to the center of Kentucky. Richmond is part of Madison County. Richmond has 22.81 square miles of land area and 0.29 square miles of water area. As of 2010-2014, the total Richmond population is 32,706, which has grown 20.46% since 2000. The population growth rate is much higher than the state average rate of 8.45% and is much higher than the national average rate of 11.61%. Richmond median household income is $30,295 in 2010-2014 and has grown by 18.65% since 2000. The income growth rate is much lower than the state average rate of 28.72% and is lower than the national average rate of 27.36%. Richmond median house value is $132,000 in 2010-2014 and has grown by 46.99% since 2000. The house value growth rate is higher than the state average rate of 40.25% and is about the same as the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Richmond is better than the state average in quality. The Richmond area code is 859.