Richmond, VA

RICHMOND, VIRGINIA: Demographic and Financial Snapshot

(Last updated on 1.8.21)

 

AGE IN RICHMOND, VIRGINIA

Age RangePopulationPercent
20 to 24 years20,4629.1%
25 to 29 years26,53411.9%
30 to 34 years20,7589.3%
35 to 39 years14,5306.5%
40 to 44 years11,4205.1%
45 to 49 years12,3595.5%
50 to 54 years13,4816.0%
55 to 59 years14,0876.3%
60 to 64 years13,4196.0%
65 to 69 years9,8874.4%
70 to 74 years6,5332.9%
75 to 79 years4,2261.9%
80 to 84 years3,0271.4%
85+ years4,1581.9%

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

EthnicityPopulationPercent
White101,49845.4%
Black or African American106,91447.8%
American Indian and Alaska Native9370.4%
Asian4,7892.1%
Native Hawaiian and Other Pacific Islander400.0%
Other2,2071.0%

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Race

 

EDUCATION IN RICHMOND, VIRGINIA

Education LevelPopulationPercent
Less than 9th grade8,5315.5%
9th to 12th grade, no diploma14,6119.5%
High school graduate (includes GED)34,51022.3%
Some college, no degree28,52618.5%
Associate’s degree8,7995.7%
Bachelor’s degree35,18322.8%
Graduate or professional degree24,25915.7%
High school graduate or higher131,27785.0%
Bachelor’s degree or higher59,44238.5%
Less than Bachelor’s degree94,97761.5%

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 IncomePercent
Less than $10,00011.7%
$10,000 to $14,9996.9%
$15,000 to $24,99910.9%
$25,000 to $34,99910.8%
$35,000 to $49,99913.8%
$50,000 to $74,99916.0%
$75,000 to $99,99910.1%
$100,000 to $149,99910.1%
$150,000 to $199,9994.2%
$200,000 or more5.6%

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 LevelAverage 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

PopulationPercent
Population 15+ years 192,231 NA
Never married98,92651.5%
Now married (except separated)55,35628.8%
Separated5,4402.8%
Widowed10,3925.4%
Divorced22,11711.5%

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

PopulationPercent
Living beneath poverty line50,20023.2%

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 units37,956
Renter-occupied housing units51,890
Single-family detached units48,741
Homeownership rate42.2%
Vacancy rate10.3%
Renters rate57.8%
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 size2.37
Percent population 16 years and over in labor force65.4%
Percent disabled15.0%
Percent with health coverage86.6%
Average travel time to work (in minutes)21.6
Percent workers using public transportation5.4%
Percent veterans6.5%
Percent foreign born6.7%
Percent speaking Spanish at home3.3%

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 collections46%
Average debt in collections$2,078
% with medical debt in collections34%
% with student loan debt16%
% with auto debt29%

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

YearPopulationPercent
January 20194,5683.9%
February 20194,2833.6%
March 20194,1013.5%
April 20193,3922.9%
May 20193,7643.2%
June 20194,1043.4%
July 20194,2933.6%
August 20194,2393.5%
September 20193,6823.1%
October 20193,5993.0%
November 20193,4622.9%
December 20193,3732.8%
January 20204,1843.5%
February 20203,8673.2%
March 20204,6373.8%
April 202016,88914.1%
May 202014,49212.1%
June 202014,31511.8%
July 202014,89212.1%
August 202011,5359.5%
September 202011,0999.3%
October 20208,8497.6%

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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