The per capita income for the town was $27,887. Richmond operates under a typical New York State municipal government. It has a legislative branch of five town council members, one being the town supervisor, and a judicial branch consisting of two justices. The center of all town government functions is at the Richmond town hall. The town hall is located on 8690 Main St. (US Route 20A) in the hamlet of Honeoye. Each town council member is elected to serve a four-year term, with the exception of the town supervisor who serves a two-year term.