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 $68,324 in 2019, the latest figures available. Richmond median household income is $8,132 lower than the median Virginia household income and $2,612 greater than the US median household income. 2020 metro income data (including Richmond median household income) will be released in September of 2021. Median family and per capita income for Richmond are shown below.

Show dollars as: Nominal Real

Real Median Household Income for Richmond Virginia

2019 1 Year Change 3 Year Change
US $65,712 +4.21% +7.05%
Virginia $76,456 +3.47% +5.36%
Richmond $68,324 -0.88% +1.91%

Trends in Richmond, VA Real Median Household Income since 2005

The current median household income for Richmond is $68,324. Real median household income peaked in 2017 at $70,537 and is now $2,213 (3.14%) lower.

Real Median Household Income: Richmond, Virginia, National

Historical Inflation Adjusted Median Household Income for Richmond

Date US Virginia Richmond
2019 $65,712 $76,456 $68,324
2018 $63,059 $73,892 $68,930
2017 $62,927 $74,606 $70,537
2016 $61,383 $72,566 $67,042
2015 $60,187 $71,504 $65,516
2014 $58,001 $70,156 $65,869
2013 $57,437 $68,887 $62,973
2012 $57,307 $68,875 $63,329
2011 $57,531 $70,495 $62,425
2010 $58,809 $71,298 $65,012
2009 $59,988 $70,869 $66,424

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Richmond Family Income

The ACS 1-year data shows the median family income for Richmond was $90,921 in 2019. Compared to the median Virginia family income, Richmond median family income is $2,576 lower. As with the median household income data, 2020 family income data for Richmond will be released in September of 2021.

Show dollars as: Nominal Real

Real Median Family Income for Richmond Virginia

2019 1 Year Change 3 Year Change
US $80,944 +4.06% +6.92%
Virginia $93,497 +3.26% +5.35%
Richmond $90,921 +3.68% +5.00%

Trends in Richmond, VA Real Median Family Income since 2005

At $90,921, the median family income for Richmond was at a new inflation adjusted high in 2019.

Real Median Family Income: Richmond, Virginia, National

Historical Inflation Adjusted Median Family Income for Richmond

Date US Virginia Richmond
2019 $80,944 $93,497 $90,921
2018 $77,786 $90,541 $87,692
2017 $77,064 $89,983 $87,812
2016 $75,707 $88,751 $86,592
2015 $73,660 $86,764 $85,222
2014 $71,246 $84,628 $82,464
2013 $70,386 $83,021 $77,499
2012 $69,752 $83,092 $78,662
2011 $70,009 $84,870 $79,815
2010 $71,221 $85,166 $81,653
2009 $72,962 $85,131 $81,771

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Richmond Per Capita Income

The ACS 1-year survey shows the per capita income for Richmond was $37,590 in 2019. Compared to the median Virginia per capita income, Richmond median per capita income is $3,045 lower. As with the median household and median family income numbers above, 2020 per capita income data for Richmond will be released in September of 2021.

Show dollars as: Nominal Real

Real Per Capita Income for Richmond Virginia

2019 1 Year Change 3 Year Change
US $35,672 +3.57% +7.57%
Virginia $40,635 +2.60% +5.35%
Richmond $37,590 +4.17% +3.02%

Trends in Richmond, VA Real Per Capita Income since 2005

At $37,590, the per capita income for Richmond was at a new inflation adjusted high in 2019.

Real Per Capita Income: Richmond, Virginia, National

Historical Real Per Capita Income for Richmond

Date US Virginia Richmond
2019 $35,672 $40,635 $37,590
2018 $34,444 $39,605 $36,085
2017 $33,788 $39,050 $36,211
2016 $33,163 $38,573 $36,489
2015 $32,351 $37,531 $34,988
2014 $31,228 $36,809 $34,311
2013 $30,982 $36,435 $32,458
2012 $30,476 $36,274 $32,287
2011 $30,425 $36,594 $32,295
2010 $30,622 $36,796 $33,940
2009 $31,545 $37,244 $33,993

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