Richmond Virginia Household Income
The Census ACS 1-year survey reports that the median household income for the Richmond Virginia metro area was $62,929 in 2016, the latest figures available. Richmond median household income is $5,185 lower than the median Virginia household income and $5,312 greater than the US median household income. 2017 metro income data (including Richmond median household income) will be released in September of 2018. Median family and per capita income for Richmond are shown below.
Real Median Household Income for Richmond Virginia
| 2016 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $57,617 | +2.01% | +7.02% |
| Virginia | $68,114 | +1.51% | +5.49% |
| Richmond | $62,929 | +2.36% | +6.61% |
Trends in Richmond, VA Real Median Household Income since 2005
The current median household income for Richmond is $62,929. Real median household income peaked in 2007 at $65,680 and is now $2,751 (4.19%) lower. From a post peak low of $58,462 in 2011, real median household income for Richmond has now grown by $4,467 (7.64%).
Real Median Household Income: Richmond, Virginia, National
Historical Inflation Adjusted Median Household Income for Richmond
| Date | US | Virginia | Richmond |
|---|---|---|---|
| 2016 | $57,617 | $68,114 | $62,929 |
| 2015 | $56,480 | $67,099 | $61,480 |
| 2014 | $54,398 | $65,798 | $61,778 |
| 2013 | $53,838 | $64,571 | $59,028 |
| 2012 | $53,701 | $64,541 | $59,344 |
| 2011 | $53,879 | $66,020 | $58,462 |
| 2010 | $55,093 | $66,792 | $60,904 |
| 2009 | $56,180 | $66,369 | $62,207 |
| 2008 | $58,000 | $68,260 | $65,394 |
| 2007 | $58,736 | $68,948 | $65,680 |
| 2006 | $57,677 | $66,993 | $63,587 |
| 2005 | $56,832 | $66,661 | $64,552 |
Richmond Family Income
The ACS 1-year data shows the median family income for Richmond was $81,279 in 2016. Compared to the median Virginia family income, Richmond median family income is $2,027 lower. As with the median household income data, 2017 family income data for Richmond will be released in September of 2018.
Real Median Family Income for Richmond Virginia
| 2016 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $71,062 | +2.81% | +7.71% |
| Virginia | $83,306 | +2.32% | +7.05% |
| Richmond | $81,279 | +1.63% | +11.89% |
Trends in Richmond, VA Real Median Family Income since 2005
The current median family income for Richmond is $81,279. Real median family income peaked in 2008 at $81,581 and is now $302 (0.37%) lower. From a post peak low of $72,643 in 2013, real median family income for Richmond has now grown by $8,636 (11.89%).
Real Median Family Income: Richmond, Virginia, National
Historical Inflation Adjusted Median Family Income for Richmond
| Date | US | Virginia | Richmond |
|---|---|---|---|
| 2016 | $71,062 | $83,306 | $81,279 |
| 2015 | $69,122 | $81,419 | $79,972 |
| 2014 | $66,820 | $79,371 | $77,342 |
| 2013 | $65,977 | $77,820 | $72,643 |
| 2012 | $65,363 | $77,863 | $73,712 |
| 2011 | $65,564 | $79,482 | $74,748 |
| 2010 | $66,721 | $79,784 | $76,493 |
| 2009 | $68,329 | $79,726 | $76,579 |
| 2008 | $70,638 | $81,592 | $81,581 |
| 2007 | $70,813 | $82,066 | $80,085 |
| 2006 | $69,670 | $79,622 | $78,274 |
| 2005 | $68,618 | $80,099 | $79,650 |
Richmond Per Capita Income
The ACS 1-year survey shows the per capita income for Richmond was $34,250 in 2016. Compared to the median Virginia per capita income, Richmond median per capita income is $1,956 lower. As with the median household and median family income numbers above, 2017 per capita income data for Richmond will be released in September of 2018.
Real Per Capita Income for Richmond Virginia
| 2016 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $31,128 | +2.54% | +7.19% |
| Virginia | $36,206 | +2.80% | +6.01% |
| Richmond | $34,250 | +4.32% | +12.57% |
Trends in Richmond, VA Real Per Capita Income since 2005
At $34,250, the per capita income for Richmond was at a new inflation adjusted high in 2016.
Real Per Capita Income: Richmond, Virginia, National
Historical Real Per Capita Income for Richmond
| Date | US | Virginia | Richmond |
|---|---|---|---|
| 2016 | $31,128 | $36,206 | $34,250 |
| 2015 | $30,358 | $35,219 | $32,833 |
| 2014 | $29,288 | $34,522 | $32,179 |
| 2013 | $29,041 | $34,153 | $30,425 |
| 2012 | $28,558 | $33,992 | $30,256 |
| 2011 | $28,494 | $34,271 | $30,245 |
| 2010 | $28,687 | $34,471 | $31,796 |
| 2009 | $29,542 | $34,879 | $31,835 |
| 2008 | $30,755 | $36,182 | $33,936 |
| 2007 | $30,894 | $36,090 | $33,441 |
| 2006 | $30,078 | $35,592 | $32,517 |
| 2005 | $30,768 | $35,823 | $33,855 |
