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Richardton, ND Profile: Facts & Data

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Richardton, North Dakota - Basic Facts

The City of Richardton had a population of 616 as of July 1, 2020.

The primary coordinate point for Richardton is located at latitude 46.8839 and longitude -102.3157 in Stark County. The formal boundaries for the City of Richardton encompass a land area of 1.36 sq. miles and a water area of 0 sq. miles. Stark County is in the Mountain time zone (GMT -7). The elevation is 2,467 feet.

The City of Richardton (GNIS ID: 1036238) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alternate Unofficial Names for Richardton: Spring Valley.

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Richardton, ND Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 616 (100%)
Population in Households 601 (97.6%)
Population in Families 468 (76.0%)
Population in Group Quarters1 15 ( 2.4%)
Population Density 451
Diversity Index2 11
 
 

INCOME

Median Household Income $78,537
Average Household Income $84,742
% of Income for Mortgage4 8%
Per Capita Income $38,252
Wealth Index5 85
 

HOUSING

Total HU (Housing Units) 343 (100%)
Owner Occupied HU 228 (66.5%)
Renter Occupied HU 66 (19.2%)
Vacant Housing Units 49 (14.3%)
Median Home Value $152,717
Average Home Value $188,646
Housing Affordability Index3 317
 

HOUSEHOLDS

Total Households 294
Average Household Size 2.04
Family Households 182
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 1.48% 1.85%
Households 1.67% 1.96%
Families 1.71% 1.7%
Median Household Income   2.33%
Per Capita Income   2.17%
Owner Occupied HU   2.02%

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Richardton, ND - Peer Comparisons by Rank and Percentile

The table below compares Richardton to the other 401 incorporated cities, towns and CDPs in North Dakota by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 90 78th
Population Density # 162 60th
Median Household Income # 76 81st
Housing Affordability Index # 327 82nd
Per Capita Income # 144 64th
Diversity Index # 225 44th

Additional comparisons and rankings can be made with a VERY EASY TO USE North Dakota Census Data Comparison Tool.

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