Department of Numbers

Richmond Virginia Household Income

The Census ACS 1-year survey reports that the median household income for the Richmond Virginia metro area was $62,929 in 2016, the latest figures available. Richmond median household income is $5,185 lower than the median Virginia household income and $5,312 greater than the US median household income. 2017 metro income data (including Richmond median household income) will be released in September of 2018. Median family and per capita income for Richmond are shown below.

Show dollars as: Nominal Real

Real Median Household Income for Richmond Virginia

2016 1 Year Change 3 Year Change
US $57,617 +2.01% +7.02%
Virginia $68,114 +1.51% +5.49%
Richmond $62,929 +2.36% +6.61%

Trends in Richmond, VA Real Median Household Income since 2005

The current median household income for Richmond is $62,929. Real median household income peaked in 2007 at $65,680 and is now $2,751 (4.19%) lower. From a post peak low of $58,462 in 2011, real median household income for Richmond has now grown by $4,467 (7.64%).

Real Median Household Income: Richmond, Virginia, National

Historical Inflation Adjusted Median Household Income for Richmond

Date US Virginia Richmond
2016 $57,617 $68,114 $62,929
2015 $56,480 $67,099 $61,480
2014 $54,398 $65,798 $61,778
2013 $53,838 $64,571 $59,028
2012 $53,701 $64,541 $59,344
2011 $53,879 $66,020 $58,462
2010 $55,093 $66,792 $60,904
2009 $56,180 $66,369 $62,207
2008 $58,000 $68,260 $65,394
2007 $58,736 $68,948 $65,680
2006 $57,677 $66,993 $63,587
2005 $56,832 $66,661 $64,552

Richmond Family Income

The ACS 1-year data shows the median family income for Richmond was $81,279 in 2016. Compared to the median Virginia family income, Richmond median family income is $2,027 lower. As with the median household income data, 2017 family income data for Richmond will be released in September of 2018.

Show dollars as: Nominal Real

Real Median Family Income for Richmond Virginia

2016 1 Year Change 3 Year Change
US $71,062 +2.81% +7.71%
Virginia $83,306 +2.32% +7.05%
Richmond $81,279 +1.63% +11.89%

Trends in Richmond, VA Real Median Family Income since 2005

The current median family income for Richmond is $81,279. Real median family income peaked in 2008 at $81,581 and is now $302 (0.37%) lower. From a post peak low of $72,643 in 2013, real median family income for Richmond has now grown by $8,636 (11.89%).

Real Median Family Income: Richmond, Virginia, National

Historical Inflation Adjusted Median Family Income for Richmond

Date US Virginia Richmond
2016 $71,062 $83,306 $81,279
2015 $69,122 $81,419 $79,972
2014 $66,820 $79,371 $77,342
2013 $65,977 $77,820 $72,643
2012 $65,363 $77,863 $73,712
2011 $65,564 $79,482 $74,748
2010 $66,721 $79,784 $76,493
2009 $68,329 $79,726 $76,579
2008 $70,638 $81,592 $81,581
2007 $70,813 $82,066 $80,085
2006 $69,670 $79,622 $78,274
2005 $68,618 $80,099 $79,650

Richmond Per Capita Income

The ACS 1-year survey shows the per capita income for Richmond was $34,250 in 2016. Compared to the median Virginia per capita income, Richmond median per capita income is $1,956 lower. As with the median household and median family income numbers above, 2017 per capita income data for Richmond will be released in September of 2018.

Show dollars as: Nominal Real

Real Per Capita Income for Richmond Virginia

2016 1 Year Change 3 Year Change
US $31,128 +2.54% +7.19%
Virginia $36,206 +2.80% +6.01%
Richmond $34,250 +4.32% +12.57%

Trends in Richmond, VA Real Per Capita Income since 2005

At $34,250, the per capita income for Richmond was at a new inflation adjusted high in 2016.

Real Per Capita Income: Richmond, Virginia, National

Historical Real Per Capita Income for Richmond

Date US Virginia Richmond
2016 $31,128 $36,206 $34,250
2015 $30,358 $35,219 $32,833
2014 $29,288 $34,522 $32,179
2013 $29,041 $34,153 $30,425
2012 $28,558 $33,992 $30,256
2011 $28,494 $34,271 $30,245
2010 $28,687 $34,471 $31,796
2009 $29,542 $34,879 $31,835
2008 $30,755 $36,182 $33,936
2007 $30,894 $36,090 $33,441
2006 $30,078 $35,592 $32,517
2005 $30,768 $35,823 $33,855