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 $74,151 in 2021, the latest figures available. Richmond median household income is $6,812 lower than the median Virginia household income and $4,434 greater than the US median household income. 2022 metro income data (including Richmond median household income) will be released in September of 2023. Median family and per capita income for Richmond are shown below.

Note: 2020 data is interpolated as the ACS release for the year was incomplete due to data gathering issues related to the pandemic.

Show dollars as: Nominal Real

Real Median Household Income for Richmond Virginia

2021 1 Year Change 3 Year Change
US $69,717 -1.64% +4.32%
Virginia $80,963 -1.73% +3.39%
Richmond $74,151 -0.55% +1.51%

Trends in Richmond, VA Real Median Household Income since 2005

The current median household income for Richmond is $74,151. Real median household income peaked in 2017 at $74,752 and is now $601 (0.80%) lower.

Real Median Household Income: Richmond, Virginia, National

Historical Inflation Adjusted Median Household Income for Richmond

Date US Virginia Richmond
2021 $69,717 $80,963 $74,151
2020 $70,877 $82,385 $74,564
2019 $69,638 $81,024 $72,406
2018 $66,828 $78,308 $73,049
2017 $66,687 $79,065 $74,752
2016 $65,052 $76,903 $71,049
2015 $63,784 $75,776 $69,431
2014 $61,468 $74,350 $69,807
2013 $60,869 $73,004 $66,736
2012 $60,732 $72,991 $67,113
2011 $60,969 $74,707 $66,155

more history ...

Richmond Family Income

The ACS 1-year data shows the median family income for Richmond was $97,301 in 2021. Compared to the median Virginia family income, Richmond median family income is $3,462 lower. As with the median household income data, 2022 family income data for Richmond will be released in September of 2023.

Show dollars as: Nominal Real

Real Median Family Income for Richmond Virginia

2021 1 Year Change 3 Year Change
US $85,806 -1.68% +4.09%
Virginia $100,763 -0.89% +5.02%
Richmond $97,301 -1.22% +4.70%

Trends in Richmond, VA Real Median Family Income since 2005

The current median family income for Richmond is $97,301. Real median family income peaked in 2020 at $98,506 and is now $1,205 (1.22%) lower.

Real Median Family Income: Richmond, Virginia, National

Historical Inflation Adjusted Median Family Income for Richmond

Date US Virginia Richmond
2021 $85,806 $100,763 $97,301
2020 $87,269 $101,666 $98,506
2019 $85,780 $99,083 $96,354
2018 $82,434 $95,951 $92,932
2017 $81,669 $95,361 $93,060
2016 $80,231 $94,055 $91,767
2015 $78,061 $91,948 $90,314
2014 $75,505 $89,687 $87,393
2013 $74,593 $87,983 $82,130
2012 $73,920 $88,057 $83,363
2011 $74,192 $89,941 $84,584

more history ...

Richmond Per Capita Income

The ACS 1-year survey shows the per capita income for Richmond was $40,687 in 2021. Compared to the median Virginia per capita income, Richmond median per capita income is $3,069 lower. As with the median household and median family income numbers above, 2022 per capita income data for Richmond will be released in September of 2023.

Show dollars as: Nominal Real

Real Per Capita Income for Richmond Virginia

2021 1 Year Change 3 Year Change
US $38,332 -1.03% +5.01%
Virginia $43,756 -0.93% +4.25%
Richmond $40,687 -0.68% +6.39%

Trends in Richmond, VA Real Per Capita Income since 2005

The current per capita income for Richmond is $40,687. Real per capita income peaked in 2020 at $40,966 and is now $279 (0.68%) lower.

Real Per Capita Income: Richmond, Virginia, National

Historical Real Per Capita Income for Richmond

Date US Virginia Richmond
2021 $38,332 $43,756 $40,687
2020 $38,730 $44,166 $40,966
2019 $37,803 $43,063 $39,836
2018 $36,503 $41,972 $38,242
2017 $35,807 $41,383 $38,375
2016 $35,145 $40,878 $38,669
2015 $34,284 $39,774 $37,079
2014 $33,094 $39,009 $36,362
2013 $32,833 $38,613 $34,398
2012 $32,297 $38,442 $34,217
2011 $32,243 $38,781 $34,225

more history ...