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 $60,713 in 2015, the latest figures available. Richmond median household income is $5,549 lower than the median Virginia household income and $4,938 greater than the US median household income. 2016 metro income data (including Richmond median household income) will be released in September of 2017. Median family and per capita income for Richmond are shown below.

Show dollars as: Nominal Real

Real Median Household Income for Richmond Virginia

2015 1 Year Change 3 Year Change
US $55,775 +3.83% +5.17%
Virginia $66,262 +1.98% +3.96%
Richmond $60,713 -0.48% +3.60%

Trends in Richmond, VA Real Median Household Income since 2005

The current median household income for Richmond is $60,713. Real median household income peaked in 2007 at $64,860 and is now $4,147 (6.39%) lower. From a post peak low of $57,751 in 2011, real median household income for Richmond has now grown by $2,962 (5.13%).

Real Median Household Income: Richmond, Virginia, National

Historical Inflation Adjusted Median Household Income for Richmond

Date US Virginia Richmond
2015 $55,775 $66,262 $60,713
2014 $53,719 $64,977 $61,006
2013 $53,166 $63,765 $58,291
2012 $53,031 $63,737 $58,604
2011 $53,223 $65,216 $57,751
2010 $54,405 $65,959 $60,144
2009 $55,478 $65,541 $61,431
2008 $57,276 $67,408 $64,578
2007 $58,003 $68,087 $64,860
2006 $56,957 $66,157 $62,794
2005 $56,122 $65,829 $63,746

Richmond Family Income

The ACS 1-year data shows the median family income for Richmond was $78,974 in 2015. Compared to the median Virginia family income, Richmond median family income is $1,429 lower. As with the median household income data, 2016 family income data for Richmond will be released in September of 2017.

Show dollars as: Nominal Real

Real Median Family Income for Richmond Virginia

2015 1 Year Change 3 Year Change
US $68,260 +3.45% +5.75%
Virginia $80,403 +2.58% +4.56%
Richmond $78,974 +3.40% +8.49%

Trends in Richmond, VA Real Median Family Income since 2005

The current median family income for Richmond is $78,974. Real median family income peaked in 2008 at $80,562 and is now $1,588 (1.97%) lower. From a post peak low of $71,737 in 2013, real median family income for Richmond has now grown by $7,237 (10.09%).

Real Median Family Income: Richmond, Virginia, National

Historical Inflation Adjusted Median Family Income for Richmond

Date US Virginia Richmond
2015 $68,260 $80,403 $78,974
2014 $65,986 $78,380 $76,376
2013 $65,153 $76,849 $71,737
2012 $64,548 $76,893 $72,793
2011 $64,766 $78,514 $73,838
2010 $65,888 $78,789 $75,538
2009 $67,476 $78,731 $75,624
2008 $69,756 $80,573 $80,562
2007 $69,929 $81,041 $79,085
2006 $68,801 $78,628 $77,298
2005 $67,761 $79,099 $78,655

Richmond Per Capita Income

The ACS 1-year survey shows the per capita income for Richmond was $32,423 in 2015. Compared to the median Virginia per capita income, Richmond median per capita income is $2,357 lower. As with the median household and median family income numbers above, 2016 per capita income data for Richmond will be released in September of 2017.

Show dollars as: Nominal Real

Real Per Capita Income for Richmond Virginia

2015 1 Year Change 3 Year Change
US $29,979 +3.65% +6.30%
Virginia $34,780 +2.02% +3.61%
Richmond $32,423 +2.03% +8.51%

Trends in Richmond, VA Real Per Capita Income since 2005

The current per capita income for Richmond is $32,423. Real per capita income peaked in 2008 at $33,512 and is now $1,089 (3.25%) lower. From a post peak low of $29,876 in 2011, real per capita income for Richmond has now grown by $2,547 (8.53%).

Real Per Capita Income: Richmond, Virginia, National

Historical Real Per Capita Income for Richmond

Date US Virginia Richmond
2015 $29,979 $34,780 $32,423
2014 $28,922 $34,091 $31,778
2013 $28,678 $33,726 $30,045
2012 $28,202 $33,568 $29,879
2011 $28,147 $33,854 $29,876
2010 $28,329 $34,040 $31,399
2009 $29,174 $34,444 $31,437
2008 $30,371 $35,730 $33,512
2007 $30,508 $35,639 $33,024
2006 $29,703 $35,148 $32,112
2005 $30,384 $35,376 $33,433