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.
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 |
| 2007 | $62,717 | $73,621 | $70,132 |
| 2005 | $60,684 | $71,180 | $68,928 |
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.
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 |
| 2007 | $75,612 | $87,628 | $85,513 |
| 2005 | $73,269 | $85,528 | $85,048 |
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.
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 |
| 2007 | $32,987 | $38,536 | $35,708 |
| 2005 | $32,854 | $38,251 | $36,150 |
