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 $67,633 in 2017, the latest figures available. Richmond median household income is $3,902 lower than the median Virginia household income and $7,297 greater than the US median household income. 2018 metro income data (including Richmond median household income) will be released in September of 2019. Median family and per capita income for Richmond are shown below.

Show dollars as: Nominal Real

Real Median Household Income for Richmond Virginia

2017 1 Year Change 3 Year Change
US $60,336 +2.51% +8.49%
Virginia $71,535 +2.81% +6.34%
Richmond $67,633 +5.21% +7.09%

Trends in Richmond, VA Real Median Household Income since 2005

At $67,633, the median household income for Richmond was at a new inflation adjusted high in 2017.

Real Median Household Income: Richmond, Virginia, National

Historical Inflation Adjusted Median Household Income for Richmond

Date US Virginia Richmond
2017 $60,336 $71,535 $67,633
2016 $58,856 $69,579 $64,283
2015 $57,709 $68,560 $62,819
2014 $55,613 $67,268 $63,157
2013 $55,072 $66,050 $60,380
2012 $54,948 $66,040 $60,721
2011 $55,162 $67,592 $59,855
2010 $56,388 $68,362 $62,335
2009 $57,519 $67,951 $63,689
2008 $59,382 $69,887 $66,952
2007 $60,135 $70,590 $67,245
2006 $59,051 $68,589 $65,102

Richmond Family Income

The ACS 1-year data shows the median family income for Richmond was $84,197 in 2017. Compared to the median Virginia family income, Richmond median family income is $2,082 lower. As with the median household income data, 2018 family income data for Richmond will be released in September of 2019.

Show dollars as: Nominal Real

Real Median Family Income for Richmond Virginia

2017 1 Year Change 3 Year Change
US $73,891 +1.79% +8.17%
Virginia $86,279 +1.39% +6.33%
Richmond $84,197 +1.41% +6.49%

Trends in Richmond, VA Real Median Family Income since 2005

At $84,197, the median family income for Richmond was at a new inflation adjusted high in 2017.

Real Median Family Income: Richmond, Virginia, National

Historical Inflation Adjusted Median Family Income for Richmond

Date US Virginia Richmond
2017 $73,891 $86,279 $84,197
2016 $72,591 $85,098 $83,027
2015 $70,627 $83,191 $81,713
2014 $68,313 $81,144 $79,069
2013 $67,488 $79,603 $74,307
2012 $66,880 $79,671 $75,423
2011 $67,126 $81,375 $76,528
2010 $68,289 $81,660 $78,291
2009 $69,958 $81,626 $78,404
2008 $72,321 $83,536 $83,524
2007 $72,500 $84,021 $81,993
2006 $71,330 $81,519 $80,139

Richmond Per Capita Income

The ACS 1-year survey shows the per capita income for Richmond was $34,720 in 2017. Compared to the median Virginia per capita income, Richmond median per capita income is $2,722 lower. As with the median household and median family income numbers above, 2018 per capita income data for Richmond will be released in September of 2019.

Show dollars as: Nominal Real

Real Per Capita Income for Richmond Virginia

2017 1 Year Change 3 Year Change
US $32,397 +1.88% +8.20%
Virginia $37,442 +1.24% +6.09%
Richmond $34,720 -0.76% +5.54%

Trends in Richmond, VA Real Per Capita Income since 2005

The current per capita income for Richmond is $34,720. Real per capita income peaked in 2016 at $34,987 and is now $267 (0.76%) lower.

Real Per Capita Income: Richmond, Virginia, National

Historical Real Per Capita Income for Richmond

Date US Virginia Richmond
2017 $32,397 $37,442 $34,720
2016 $31,798 $36,985 $34,987
2015 $31,019 $35,986 $33,547
2014 $29,942 $35,293 $32,898
2013 $29,706 $34,935 $31,122
2012 $29,221 $34,781 $30,958
2011 $29,173 $35,087 $30,965
2010 $29,361 $35,281 $32,543
2009 $30,246 $35,711 $32,593
2008 $31,488 $37,044 $34,744
2007 $31,629 $36,950 $34,238
2006 $30,795 $36,440 $33,292