Richmond Virginia Household Income
The Census ACS 1-year survey reports that the median household income for the Richmond Virginia metro area was $67,703 in 2018, the latest figures available. Richmond median household income is $4,874 lower than the median Virginia household income and $5,766 greater than the US median household income. 2019 metro income data (including Richmond median household income) will be released in September of 2020. Median family and per capita income for Richmond are shown below.
Real Median Household Income for Richmond Virginia
| 2018 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $61,937 | +0.21% | +4.77% |
| Virginia | $72,577 | -0.96% | +3.34% |
| Richmond | $67,703 | -2.28% | +5.21% |
Trends in Richmond, VA Real Median Household Income since 2005
The current median household income for Richmond is $67,703. Real median household income peaked in 2017 at $69,282 and is now $1,579 (2.28%) lower.
Real Median Household Income: Richmond, Virginia, National
Historical Inflation Adjusted Median Household Income for Richmond
| Date | US | Virginia | Richmond |
|---|---|---|---|
| 2018 | $61,937 | $72,577 | $67,703 |
| 2017 | $61,807 | $73,279 | $69,282 |
| 2016 | $60,291 | $71,275 | $65,850 |
| 2015 | $59,116 | $70,231 | $64,349 |
| 2014 | $56,969 | $68,908 | $64,697 |
| 2013 | $56,415 | $67,661 | $61,852 |
| 2012 | $56,288 | $67,650 | $62,203 |
| 2011 | $56,507 | $69,240 | $61,314 |
| 2010 | $57,762 | $70,028 | $63,855 |
| 2009 | $58,921 | $69,608 | $65,242 |
| 2008 | $60,829 | $71,590 | $68,584 |
| 2007 | $61,601 | $72,311 | $68,884 |
Richmond Family Income
The ACS 1-year data shows the median family income for Richmond was $86,131 in 2018. Compared to the median Virginia family income, Richmond median family income is $2,798 lower. As with the median household income data, 2019 family income data for Richmond will be released in September of 2020.
Real Median Family Income for Richmond Virginia
| 2018 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $76,401 | +0.94% | +5.60% |
| Virginia | $88,929 | +0.62% | +4.35% |
| Richmond | $86,131 | -0.14% | +2.90% |
Trends in Richmond, VA Real Median Family Income since 2005
The current median family income for Richmond is $86,131. Real median family income peaked in 2017 at $86,249 and is now $118 (0.14%) lower.
Real Median Family Income: Richmond, Virginia, National
Historical Inflation Adjusted Median Family Income for Richmond
| Date | US | Virginia | Richmond |
|---|---|---|---|
| 2018 | $76,401 | $88,929 | $86,131 |
| 2017 | $75,692 | $88,382 | $86,249 |
| 2016 | $74,360 | $87,172 | $85,051 |
| 2015 | $72,348 | $85,219 | $83,704 |
| 2014 | $69,978 | $83,122 | $80,997 |
| 2013 | $69,134 | $81,544 | $76,119 |
| 2012 | $68,512 | $81,614 | $77,263 |
| 2011 | $68,763 | $83,359 | $78,394 |
| 2010 | $69,953 | $83,650 | $80,199 |
| 2009 | $71,663 | $83,616 | $80,316 |
| 2008 | $74,083 | $85,571 | $85,560 |
| 2007 | $74,267 | $86,068 | $83,991 |
Richmond Per Capita Income
The ACS 1-year survey shows the per capita income for Richmond was $35,443 in 2018. Compared to the median Virginia per capita income, Richmond median per capita income is $3,457 lower. As with the median household and median family income numbers above, 2019 per capita income data for Richmond will be released in September of 2020.
Real Per Capita Income for Richmond Virginia
| 2018 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $33,831 | +1.94% | +6.47% |
| Virginia | $38,900 | +1.42% | +5.53% |
| Richmond | $35,443 | -0.35% | +3.14% |
Trends in Richmond, VA Real Per Capita Income since 2005
The current per capita income for Richmond is $35,443. Real per capita income peaked in 2016 at $35,840 and is now $397 (1.11%) lower.
Real Per Capita Income: Richmond, Virginia, National
Historical Real Per Capita Income for Richmond
| Date | US | Virginia | Richmond |
|---|---|---|---|
| 2018 | $33,831 | $38,900 | $35,443 |
| 2017 | $33,187 | $38,355 | $35,566 |
| 2016 | $32,573 | $37,886 | $35,840 |
| 2015 | $31,775 | $36,863 | $34,365 |
| 2014 | $30,672 | $36,154 | $33,700 |
| 2013 | $30,431 | $35,787 | $31,881 |
| 2012 | $29,934 | $35,629 | $31,713 |
| 2011 | $29,884 | $35,943 | $31,720 |
| 2010 | $30,077 | $36,141 | $33,336 |
| 2009 | $30,984 | $36,581 | $33,388 |
| 2008 | $32,255 | $37,947 | $35,591 |
| 2007 | $32,400 | $37,850 | $35,072 |
