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CITY · 2020 ACS

Richmond

Virginia · 226,610 residents · 59.925 sq mi
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The short version

Richmond has lower-than-average household income, with a median household income of $51,421. Population has held roughly steady since 2000. Median home value has more than doubled since 2000, reaching $244,200. At a median age of 32.4, residents skew younger than the country as a whole. The poverty rate of 20.9% is well above the national figure. Households here earn about 33% less than the Virginia median.

At a glance
Lower income
below the US median
US median: $66,278
Younger
median age 32.4
US median: 38.8
More educated
41% hold a bachelor's degree
US average: 33%
Less affordable
home values up 86%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
226,610
+15%since 2000
from 197,790 in 2000
1990 – 2025
Population density
3,782 / sq mi
+15%since 2000
from 3,301 / sq mi in 2000
US average: 280
Median age
32.4
−4%since 2000
from 33.9 in 2000
US average: 38.8
Population, 1990 – 2024
195K204K214K223K233K1990201020202024Richmond
2024229K
1990201020202024
Section 02

Income & economy

Median household income
$51,421
+10%inflation adjusted, since 2000
from $31,121 in 2000
US average: $66,278
1990 – 2024
Per capita income
$35,682
+75%since 2000
from $20,337 in 2000
US average: $35,364
Households earning $100K+
33.5%
+12.1 ptssince 2009
from 21.4% in 2009
US average: 43.9%
Poverty rate
20.9%
−0.5 ptssince 2000
from 21.4% in 2000
US average: 12.8%
Workforce by industry, 2020
Information10.9%
US avg: 11.1%
Other services8.6%
US avg: 6.6%
Public administration6.6%
US avg: 4.7%
Wholesale trade5.5%
US avg: 6.7%
Retail trade5%
US avg: 10%
Finance & insurance4.9%
US avg: 5.5%
Professional, scientific, technical4.1%
US avg: 4.7%
Transportation & warehousing1.9%
US avg: 2.5%
Arts, entertainment, food1.9%
US avg: 2%
Education & health services0.8%
US avg: 0.8%
Agriculture, forestry, fishing0.2%
US avg: 1.7%
Construction0.2%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$244,200
+86%inflation adjusted, since 2000
from $87,400 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$1,070
+32%inflation adjusted, since 2000
from $540 in 2000
US average: $1,124
Owner-occupied
37.4%
−8.8 ptssince 2000
from 46.1% in 2000
62.6% rent
Afford Score
4.7
+69%since 2000
from 2.8 in 2000
1990 – 2024
RELATED:See current rent listings in Richmond on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic37.7%(74,506)
Black56.9%(112,455)
Hispanic / Latino2.6%(5,074)
Asian1.2%(2,437)
Other0%
Diversity Score64.7%(128,069)
2020
White, non-Hispanic42%(95,220)
Black39.9%(90,490)
Hispanic / Latino10.5%(23,747)
Asian2.7%(6,199)
Other3.9%(8,817)
Diversity Score80.5%(182,437)
Diversity Score
81
+24%since 2000
from 65 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
41.2%
+11.7 ptssince 2000
from 29.5% in 2000
US average: 32.9%
High school or higher
86.9%
+11.8 ptssince 2000
from 75.2% in 2000
US average: 88.5%
Graduate degree
17.3%
+6.5 ptssince 2000
from 10.8% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
21.8 min
+60%since 2000
from 13.6 min in 2000
US average: 26.9
Drive alone to work
70.2%
−0.5 ptssince 2009
from 70.7% in 2009
US average: 75.1%
No vehicle available
15.9%
−2.9 ptssince 2009
from 18.8% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
6.3%
−4.7 ptssince 2011
from 11.0% in 2011
US average: 5.4%
Labor force participation
66.6%
+1.5 ptssince 2011
from 65.1% in 2011
US average: 63.4%
Management & professional
42.8%
−24.8 ptssince 2009
from 67.6% in 2009
US average: 39.3%
Section 08

People & community

Male
47.4%
+1.1 ptssince 2009
from 46.3% in 2009
Female
52.6%
−1.1 ptssince 2009
from 53.7% in 2009
Foreign born
7.3%
+1.2 ptssince 2009
from 6.1% in 2009
US average: 13.5%
Uninsured
11.5%
−70.8 ptssince 2013
from 82.3% in 2013
US average: 8.8%
Explore

Neighborhoods in Richmond

BellevueChurch HillCommerce Road Industrial AreaFultonOak GroveThe FanThe Museum DistrictWoodvilleNeighborhoods in Richmond
Drill deeper

Places similar to Richmond

Des Moines
Pop 212,086
Amarillo
Pop 205,130
Chattanooga
Pop 194,144
Winston-Salem
Pop 257,271
Places similar to Richmond
Head to head

Compare Richmond to nearby cities

RICHMOND VS
Manchester
Income$80,296+56%
Home value$317,000+30%
Population12,445−95%
SEE FULL COMPARISON →
RICHMOND VS
Bon Air
Income$101,879+98%
Home value$365,200+50%
Population16,904−93%
SEE FULL COMPARISON →
RICHMOND VS
Montrose
Income$49,550−4%
Home value$194,100−21%
Population8,285−97%
SEE FULL COMPARISON →
RICHMOND VS
Lakeside
Income$72,032+40%
Home value$288,200+18%
Population12,654−95%
SEE FULL COMPARISON →
Frequently asked

How many people live in Richmond, Virginia?

Richmond, Virginia has about 226,610 residents according to the 2020 American Community Survey.

What is the median household income in Richmond, Virginia?

The typical household in Richmond, Virginia earns about $51,421 a year. Half of households make more than that, and half make less.

Is Richmond, Virginia expensive?

In Richmond, Virginia, the median home is worth about $244,200, and the typical rent is about $1,070 a month.

How educated are people in Richmond, Virginia?

About 41.2% of adults age 25 and over in Richmond, Virginia hold a bachelor's degree or higher.

What is the poverty rate in Richmond, Virginia?

About 20.9% of people in Richmond, Virginia live below the federal poverty line.

Has Richmond, Virginia grown since 1990?

Yes, Richmond, Virginia has grown since 1990. The population has added about 23,554 residents, a change of about 12 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →