Home / Select Cities  /  2024 Comparing Newport, KY vs. Richmond, KY

2024 Compare Cities Economy:
Newport, KY vs Richmond, KY

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Highlights
- Household income in Richmond, is 9% less than it is in Newport and is 72% below the National Average.
- Newport unemployment rate is 4.4%.
- Richmond unemployment rate is 4.9%.

Economy
 Newport, KYRichmond, KYUnited States
 Unemployment Rate4.4%4.9%6.0%
 Recent Job Growth2.0%1.1%1.6%
 Future Job Growth39.2%33.2%33.5%
 Sales Taxes6.0%6.0%6.2%
 Income Taxes8.6%8.0%4.6%
 Income per Cap.$36,978$23,945$37,638
 Household Income$44,095$40,221$69,021
 Family Median Income$89,115$63,453$85,028
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 Est. Households By Income
 Newport, KYRichmond, KYUnited States
 Income Less Than 15K21.4%19.7%9.4%
 Income between 15K and 20K5.3%5.7%3.8%
 Income between 20K and 30K9.6%10.4%8.1%
 Income between 30K and 40K11.2%14.0%8.0%
 Income between 40K and 50K5.2%7.2%7.6%
 Income between 50K and 60K4.4%7.9%7.2%
 Income between 60K and 75K5.8%7.8%9.6%
 Income between 75K and 100K9.4%10.9%12.8%
 Income between 100K and 150K13.3%10.3%16.3%
 Income between 150K and 200K7.1%3.8%7.8%
 Income greater than 200K7.3%2.3%9.5%
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 Population By Occupation
 Newport, KYRichmond, KYUnited States
 Management, business, finance18.9%9.9%16.4%
 Engineering, computers, science9.1%5.0%6.5%
 Community, social services2.2%2.3%1.8%
 Legal4.0%0.5%1.2%
 Education, library5.3%7.5%6.2%
 Arts, design, media, sports, entertainment2.2%2.2%2.0%
 Healthcare practitioners and technology9.8%5.2%6.2%
 Healthcare support0.5%3.0%3.3%
 Firefighters, law enforcement2.9%3.9%2.1%
 Food preparation, serving5.9%9.7%5.4%
 Building maintenance2.3%3.9%3.6%
 Personal care2.4%3.6%2.6%
 Sales, office, administrative support16.2%22.1%20.9%
 Farming, fishing, forestry0.9%0.0%0.6%
 Construction, extraction, maintenance/repair4.9%5.7%8.1%
 Production, transportation, material moving12.4%15.5%13.1%

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Reviews for Newport    0 Reviews

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Reviews for Richmond    4 Reviews

Over 6 years ago

Keep this between us... Richmond is a hidden gem. A small university town close to a large city (Lexington is 30 minutes away) and less than two hour from very large  More

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For a smallish town, Richmond offers a convenient location and great small restaurants. Fortunately it is also wedged between Lexington and little Berea, both with more  More

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Over 15 years ago

Major university town of small size (30,000), and conveniently located 30 miles from Lexington,  More

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ZIPS IN NEWPORT, KENTUCKY
41071
ZIPS IN RICHMOND, KENTUCKY
40475

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