Richmond, VA
RICHMOND, VIRGINIA: Demographic and Financial Snapshot
(Last updated on 1.8.21)
AGE IN RICHMOND, VIRGINIA
| Age Range | Population | Percent |
| 20 to 24 years | 20,462 | 9.1% |
| 25 to 29 years | 26,534 | 11.9% |
| 30 to 34 years | 20,758 | 9.3% |
| 35 to 39 years | 14,530 | 6.5% |
| 40 to 44 years | 11,420 | 5.1% |
| 45 to 49 years | 12,359 | 5.5% |
| 50 to 54 years | 13,481 | 6.0% |
| 55 to 59 years | 14,087 | 6.3% |
| 60 to 64 years | 13,419 | 6.0% |
| 65 to 69 years | 9,887 | 4.4% |
| 70 to 74 years | 6,533 | 2.9% |
| 75 to 79 years | 4,226 | 1.9% |
| 80 to 84 years | 3,027 | 1.4% |
| 85+ years | 4,158 | 1.9% |
The median age in Richmond is 33.8 years
Source: US Census Data; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Age
ETHNICITY IN RICHMOND, VIRGINIA
| Ethnicity | Population | Percent |
| White | 101,498 | 45.4% |
| Black or African American | 106,914 | 47.8% |
| American Indian and Alaska Native | 937 | 0.4% |
| Asian | 4,789 | 2.1% |
| Native Hawaiian and Other Pacific Islander | 40 | 0.0% |
| Other | 2,207 | 1.0% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Race
EDUCATION IN RICHMOND, VIRGINIA
| Education Level | Population | Percent |
| Less than 9th grade | 8,531 | 5.5% |
| 9th to 12th grade, no diploma | 14,611 | 9.5% |
| High school graduate (includes GED) | 34,510 | 22.3% |
| Some college, no degree | 28,526 | 18.5% |
| Associate’s degree | 8,799 | 5.7% |
| Bachelor’s degree | 35,183 | 22.8% |
| Graduate or professional degree | 24,259 | 15.7% |
| High school graduate or higher | 131,277 | 85.0% |
| Bachelor’s degree or higher | 59,442 | 38.5% |
| Less than Bachelor’s degree | 94,977 | 61.5% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Education (population 25+ years)
HOUSEHOLD INCOME IN RICHMOND, VIRGINIA
| Annual Household Income | Percent |
| Less than $10,000 | 11.7% |
| $10,000 to $14,999 | 6.9% |
| $15,000 to $24,999 | 10.9% |
| $25,000 to $34,999 | 10.8% |
| $35,000 to $49,999 | 13.8% |
| $50,000 to $74,999 | 16.0% |
| $75,000 to $99,999 | 10.1% |
| $100,000 to $149,999 | 10.1% |
| $150,000 to $199,999 | 4.2% |
| $200,000 or more | 5.6% |
Median household income: $45,117
Mean household income: $71,732
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Household Income
HOUSEHOLD INCOME BY EDUCATION IN RICHMOND, VIRGINIA
| Education Level | Average Income |
| Less than high school graduate | $20,371 |
| High school graduate (includes GED) | $24,511 |
| Some college or Associate’s degree | $27,788 |
| Bachelor’s degree | $45,728 |
| Graduate or professional degree | $58,896 |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Median earnings in past 12 months by education (population 25+ years with earnings)
MARITAL STATUS IN RICHMOND, VIRGINIA
| Population | Percent | |
| Population 15+ years | 192,231 | NA |
| Never married | 98,926 | 51.5% |
| Now married (except separated) | 55,356 | 28.8% |
| Separated | 5,440 | 2.8% |
| Widowed | 10,392 | 5.4% |
| Divorced | 22,117 | 11.5% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Marital Status for population 15 years and over
POVERTY STATUS IN RICHMOND, VIRGINIA
| Population | Percent | |
| Living beneath poverty line | 50,200 | 23.2% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Poverty Rate
HOUSING IN RICHMOND, VIRGINIA
| Owner-occupied housing units | 37,956 |
| Renter-occupied housing units | 51,890 |
| Single-family detached units | 48,741 |
| Homeownership rate | 42.2% |
| Vacancy rate | 10.3% |
| Renters rate | 57.8% |
| Average housing value | $301,886 |
| Average monthly owner cost (with mortgage) | $1,264 |
| Average rent | $860 |
Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Housing Characteristics
SOCIOECONOMIC CHARACTERISTICS IN RICHMOND, VIRGINIA
| Average income | $71,732 |
| Average household size | 2.37 |
| Percent population 16 years and over in labor force | 65.4% |
| Percent disabled | 15.0% |
| Percent with health coverage | 86.6% |
| Average travel time to work (in minutes) | 21.6 |
| Percent workers using public transportation | 5.4% |
| Percent veterans | 6.5% |
| Percent foreign born | 6.7% |
| Percent speaking Spanish at home | 3.3% |
Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Socioeconomic Characteristics
CONSUMER SPENDING IN RICHMOND, VIRGINIA
| Total consumer expenditures per household | $64,871.99 |
| Alcoholic beverages | $510.90 |
| Alcoholic beverages consumed at home | $295.91 |
| Beer consumed away from home | $92.67 |
| Wine consumed away from home | $44.51 |
| Apparel & services | $1,925.79 |
| Men’s apparel | $376.85 |
| Women’s apparel | $639.32 |
| Children’s apparel | $283.79 |
| Boys’ apparel | $95.07 |
| Girls’ apparel | $105.42 |
| Footwear | $443.44 |
| Dining out (food away from home) | $3,304.44 |
| Dining out – Breakfast | $338.76 |
| Dining out – Lunch | $1,026.30 |
| Dining out – Dinner | $1,531.88 |
| Education | $1,392.10 |
| Entertainment / recreation | $2,759.31 |
| Club membership fees | $197.31 |
| Dating services | $0.84 |
| Pet food | $216.55 |
| Pet services | $52.60 |
| Food consumed at home | $4,571.46 |
| Bakery products consumed at home | $598.33 |
| Dairy products consumed at home | $464.31 |
| Fruits and vegetables consumed at home | $890.28 |
| Meat, poultry, fish, eggs consumed at home | $1,020.92 |
| Nonalcoholic beverages consumed at home | $452.52 |
| Snacks / other food products consumed at home | $1,597.63 |
| Health care | $4,932.33 |
| Medical services | $895.00 |
| Nonprescription drugs | $123.45 |
| Household Services | $1,735.70 |
| Care for the elderly and handicapped | $66.02 |
| Lawn and garden services | $342.38 |
| Housekeeping services | $138.72 |
| PC repair | $6.19 |
| Housing | $20,806.11 |
| Home improvements | $1,915.32 |
| Utilities, fuel, and public services | $4,272.15 |
| Phone services | $1,582.64 |
| Water | $600.15 |
| Life and other insurance | $351.62 |
| Pensions and social security | $6,739.53 |
| Personal care products and services | $777.09 |
| Hair care products | $94.04 |
| Personal care products | $326.90 |
| Local transportation | $7,537.87 |
| Gasoline | $1,988.06 |
| Vehicle maintenance and repair | $1,029.53 |
| Travel | $1,828.11 |
| Airline fares | $456.00 |
| Auto / truck rental on trips | $21.91 |
| Lodging on trips | $489.81 |
| Food and drink on trips | $445.44 |
| Entertainment on trips | $153.15 |
Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Consumer Spending (Consumer expenditures per household)
DEBT IN RICHMOND COUNTY (home to RICHMOND, VIRGINIA)
| % with any debt in collections | 46% |
| Average debt in collections | $2,078 |
| % with medical debt in collections | 34% |
| % with student loan debt | 16% |
| % with auto debt | 29% |
Source: Urban Institute; https://apps.urban.org/features/debt-interactive-map/
Survey/Program: Data from credit bureau data (2018) + the US Census Bureau’s American Community Survey (2017)
Data Point: Consumer Debt
UNEMPLOYMENT IN RICHMOND, VIRGINIA
| Year | Population | Percent |
| January 2019 | 4,568 | 3.9% |
| February 2019 | 4,283 | 3.6% |
| March 2019 | 4,101 | 3.5% |
| April 2019 | 3,392 | 2.9% |
| May 2019 | 3,764 | 3.2% |
| June 2019 | 4,104 | 3.4% |
| July 2019 | 4,293 | 3.6% |
| August 2019 | 4,239 | 3.5% |
| September 2019 | 3,682 | 3.1% |
| October 2019 | 3,599 | 3.0% |
| November 2019 | 3,462 | 2.9% |
| December 2019 | 3,373 | 2.8% |
| January 2020 | 4,184 | 3.5% |
| February 2020 | 3,867 | 3.2% |
| March 2020 | 4,637 | 3.8% |
| April 2020 | 16,889 | 14.1% |
| May 2020 | 14,492 | 12.1% |
| June 2020 | 14,315 | 11.8% |
| July 2020 | 14,892 | 12.1% |
| August 2020 | 11,535 | 9.5% |
| September 2020 | 11,099 | 9.3% |
| October 2020 | 8,849 | 7.6% |
Source: US Bureau of Labor Statistics; https://www.bls.gov/lau/data.htm
Survey/Program: Local Area Employment Statistics
Data Point: Unemployment totals (not seasonally adjusted)
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