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 $67,703 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.

Show dollars as: Nominal Real

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.

Show dollars as: Nominal Real

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.

Show dollars as: Nominal Real

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