Richmond
The Richmond, Indiana, Micropolitan Statistical Area consists of Wayne County in east-central Indiana.* The city of Richmond, located on the Ohio border 40 miles east of Dayton, is the county seat and most populous city in Wayne County.
* Micropolitan areas are defined by the U.S. Office of Management and Budget. They have smaller urban clusters relative to metropolitan areas.Quick Stats
Click on any quick stat to view details and a comparison table.
The Richmond Futurecast Event
Save the date!
Thursday, Nov. 20, 2025
Breakfast served at 7:30 am.
Vivian Auditorium – Whitewater Hall
2325 Chester Boulevard,
Richmond, IN 47374
Registration details coming soon
Potential Speakers at the Richmond Futurecast Event
Thursday, Nov. 20, 2025
Join us to discuss how the changing economic environment will affect the local region, Indiana and the nation in the coming year.
Registration details coming soon!
This event is co-hosted by the East Region Chapter of the Alumni Association, the IU East School of Business and Economics, the Business & Economic Research Center, the IBRC and the Kelley School of Business.
What did we say last year about the Richmond region?
Published December 2024
Manufacturing continues to be the Richmond region’s lead industry sector by employment, providing 12,894 jobs in 2024 Q1. Manufacturing is followed by health care and social services (8,262 jobs), retail trade (7,895 jobs) and accommodation and food services (4,635 jobs). The region added 712 new jobs to the private sector in 2024 Q1, as compared with the year before. This resulted in large part from the remarkable creation of 331 jobs in retail trade (+218) and wholesale trade (+113).
The region saw an average 3.3% increase in the private sector’s weekly wages at the beginning of 2024. Only agriculture, forestry, fishing and hunting (-7.8%), management of companies and enterprises (-17.1%) and educational services (-11.5%) suffered declines in weekly wages. All the other industries recorded a rise ranging from 0.7% (retail trade) to 12.9% (mining).
Robust consumer spending, a solid labor market and inflation converging to the target of 2% (implying possible further interest rate cuts) should give rise to a more favorable economic environment for doing business in the U.S. and the Richmond region next year. We project the Richmond region’s 2025 unemployment rate to hang around 4%, with significant variations across counties and industry sectors.
Read the full Richmond article »
Each year in December, the Indiana Business Research Center publishes a special Outlook edition of the Indiana Business Review.
Published continuously since 1926, the Indiana Business Review is a quarterly publication that provides analysis and insight on economic and demographic issues.