Home services · Small-town market · Indiana
Electricians in the Richmond, IN area
The electricians in the Richmond, IN area, the household spending behind them and how the market ranks against other small-town markets.
Groundwork market score · out of 100
Score 30 out of 100: Lower middle
Ranked #268 of 295 scored small-town markets
#11 of 11 scored small-town markets based in Indiana
- Listings
- 12
- 0 chain locations (0%)
- Official establishments
- 16
- Businesses with payroll, 2023
- Household spending a year
- $63.9M
- On home repairs, maintenance and insurance · $2,367 a household
- Spending per listing
- $5.3M
- 56% below the U.S.
- Listings per 10k households
- 4.4
- 76% above the U.S.
- Population, 2025
- 66,169
- −0.5% since 2020
See the electricians around any address in the Richmond area
The site report maps the electricians on map listings near the address, by name and distance, and sizes the households and spending around it. Or open the report at the center of the Richmond area. Signed out, you see a blurred preview; on an account, each report is one action.
Free10 actions over 3 days, no cardSurvey estimates 2020–2024 · population estimates 2025 · official business counts 2023 · map listings September 2026 · Data credits · How we measure
What this means
For electricians, the Richmond area has a Groundwork market score of 30 (lower middle): #268 of 295 scored small-town markets and #11 of 11 scored small-town markets based in Indiana. That puts it in the bottom quarter of small-town markets.
Households in the Richmond area spend about $63.9M a year on home repairs, maintenance and insurance, or $2,367 per household, 22% below the U.S. average. That works out to $5.3M per company, 56% below the U.S. figure of $12M. The spending figure covers all home repairs, maintenance and insurance, not only electricians.
The Richmond area has 12 electricians on map listings as of September 2026. None of them are chain locations, against 1% across the U.S. That comes to 4.4 for every 10,000 households, 76% above the U.S. rate of 2.5.
In 2023, official counts showed 16 businesses with payroll in the Richmond area classed as electrical contractors. That is one for every 1,686 households, against one for every 1,550 across the U.S. Since fiscal 2022, 1 SBA-backed loan worth $15K has gone to businesses classed as electrical contractors in the Richmond area. Population estimates show the Richmond area declined 0.5% from 2020 to 2025, against +3.1% for the U.S.
How the Richmond area compares
The same measures for Indiana and the whole U.S. Spending per listing divides a year of household spending on all home repairs, maintenance and insurance by the electricians counted, so it measures the demand for each competitor, not any business’s revenue. Households per establishment does the same with the official count.
| Measure | Richmond area | Indiana | U.S. |
|---|---|---|---|
| Listings per 10k households | 4.4 | 2.3 | 2.5 |
| Spending per listing | $5.3M | $11.5M | $12M |
| Households per official establishment | 1,686 | 2,053 | 1,550 |
| Official establishment growth, 2019–2023 | n/a | +3.7% | +9.2% |
| Population growth, 2020–2025 | −0.5% | +2.7% | +3.1% |
| Spending per household on home repairs, maintenance and insurance | $2,367 | $2,669 | $3,018 |
| Median household income | $55,692 | $71,957 | $80,734 |
| Groundwork market score | 30 | 52 |
Official counts and lending
Businesses
- Official establishments, 2019 to 2023
- 16
- Employees, 2023
- 132
- Annual payroll, 2023
- $7.5M
- One-person businesses, 2023
- Not publishedNot published for this business type
- Map listings, September 2026
- 120 chain locations
- Listings at the U.S. rate for this spending
- 5The U.S. ratio of listings to household spending, applied here
SBA-backed loans since fiscal 2022
- Loans
- 1
- Amount
- $15K
SBA-backed loans to businesses classed as electrical contractors in the Richmond area, through June 2026, placed by the borrower’s ZIP code. Official establishments are businesses with payroll; the official counts leave out places with fewer than 3.
Population and households in the Richmond area
- Population, 2025 estimate
- 66,169−0.5% since 2020
- Households
- 26,975
- Median age
- 41.4
- Homes lived in by their owners
- 69%
- Vehicles per household
- 1.8
- Land area
- 402 sq. mi.
- People per square mile
- 165
- Median household income
- $55,692+19.7% vs. 2015–2019, before inflation
- Average household income
- $79,425
- Median home value
- $140,200
- Jobs located here
- 29,039
- Daytime population
- 66,064Residents who don’t work, plus everyone whose job is here
Looking at a specific site in the Richmond area?
These figures cover the whole small-town market. A site report draws rings around one address and counts what’s inside them: households, spending, jobs, and the electricians on map listings by name and distance.
Or open the report at the center of the Richmond area. Signed out, you see a blurred preview; on an account, each report is one action.
Free10 actions over 3 days, no cardElectricians across Indiana
Every Indiana market ranked →The highest-scoring small-town markets in Indiana for electricians, numbered among those based in Indiana, with the Richmond area marked.
Top small-town markets in Indiana
| Market | Score | Listings | Per 10k households | Spending per listing | Population growth | U.S. rank |
|---|---|---|---|---|---|---|
| 1Warsaw, IN | 70 | 6 | 1.9 | $14.2M | +0.9% | #30 of 295 |
| 2Kendallville, IN | 66 | 5 | 2.8 | $9.4M | +1.0% | #51 of 295 |
| 3Plymouth, IN | 56 | 6 | 3.4 | $7.7M | +1.2% | #117 of 295 |
| 4New Castle, IN | 53 | 5 | 2.7 | $9.1M | +0.5% | #131 of 295 |
| 5Greensburg, IN | 52 | 5 | 4.7 | $5.7M | +0.4% | #146 of 295 |
| 6Angola, IN | 50 | 5 | 3.6 | $7.5M | +1.0% | #158 of 295 |
| 7Seymour, IN | 49 | 8 | 4.4 | $5.9M | +1.9% | #164 of 295 |
| 8Jasper, IN | 46 | 7 | 4.0 | $6.9M | +0.9% | #176 of 295 |
| 9Marion, IN | 44 | 9 | 3.4 | $6.8M | 0.0% | #189 of 295 |
| 10Logansport, IN | 35 | 7 | 4.7 | $5.1M | +0.1% | #244 of 295 |
| 11Richmond, IN | 30 | 12 | 4.4 | $5.3M | −0.5% | #268 of 295 |
Other business types in the Richmond area
Each with its Groundwork market score here, out of 100, where it has one.
Food and drink
Groceries and convenience
Auto
Beauty and personal care
Fitness and classes
Health care
Child care
Clothing and laundry
Home services
Real estate
Funeral services
Questions
How many electricians are in the Richmond, IN area?
Map listings as of September 2026 show 12 electricians in the Richmond area. None of them are chain locations. The listings count electricians. Official counts show 16 businesses with payroll classed as electrical contractors in 2023.
How much do households in the Richmond, IN area spend on home repairs, maintenance and insurance?
About $63.9M a year, or $2,367 per household. That is 22% below the U.S. average (an index of 78, where 100 is the U.S. average). Spread across the 12 electricians on map listings, it comes to $5.3M per company. That spending covers all home repairs, maintenance and insurance, which electricians share with other businesses in the trade. It is estimated from the incomes of the 26,975 households in the Richmond area and national spending patterns by income.
How does the Richmond, IN area compare with the U.S. for electricians?
The Richmond area has 4.4 electricians per 10,000 households, 76% above the U.S. rate of 2.5. Spending per company is $5.3M, 56% below the U.S. figure of $12M. At the U.S. ratio of electricians to household spending, the Richmond area would have about 5, against 12 on map listings. There is one business with payroll in the industry for every 1,686 households, against one for every 1,550 across the U.S.
How fast is the Richmond, IN area growing?
Population estimates put the Richmond area at 66,169 people in 2025, down 0.5% since 2020, against +3.1% for the U.S. It has 26,975 households. Median household income in the Richmond area is $55,692, 31% below the U.S. median of $80,734. Against the 2015–2019 survey, the median rose 19.7%, before inflation.
What is the Groundwork market score?
The Groundwork market score runs from 0 to 100 and compares a market with others of its kind for one business type: states with states, metro areas with metro areas, small-town markets and counties with their own. A small-town market is a town of 10,000 to 50,000 people and the county or counties tied to it by commuting. It weighs household spending per competitor (35%), households per business with payroll (25%), population growth (20%) and spending power (20%), each ranked against those peers. A higher score means that, taken together, the market has more household spending and more households for each business already there, faster population growth and more spending per household than similar markets. It describes a market, not any one site or deal. The Richmond area scores 30 for electricians (lower middle), #268 of 295 scored small-town markets.
How can I see the market around a specific site?
Run a Groundwork site report on an address in the Richmond area. It maps the electricians on map listings near the site and sizes the households and spending within the distance you choose. New accounts get 10 actions over 3 days, no card.
How the score works · Top markets for electricians · All 56 business types in the Richmond area
Screening a site or an acquisition in the Richmond area?
A site report maps the competitors on map listings near an address and sizes the households and spending around it.
The button opens the report at the center of the Richmond area. Signed out, you see a blurred preview; on an account, each report is one action.
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are estimates for research only. Not investment or real estate advice.