Richmond Virginia Household Income
The Census ACS 1-year survey reports that the median household income for the Richmond Virginia metro area was $74,151 in 2021, the latest figures available. Richmond median household income is $6,812 lower than the median Virginia household income and $4,434 greater than the US median household income. 2022 metro income data (including Richmond median household income) will be released in September of 2023. Median family and per capita income for Richmond are shown below.
Note: 2020 data is interpolated as the ACS release for the year was incomplete due to data gathering issues related to the pandemic.
Real Median Household Income for Richmond Virginia
| 2021 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $69,717 | -1.64% | +4.32% |
| Virginia | $80,963 | -1.73% | +3.39% |
| Richmond | $74,151 | -0.55% | +1.51% |
Trends in Richmond, VA Real Median Household Income since 2005
The current median household income for Richmond is $74,151. Real median household income peaked in 2017 at $74,752 and is now $601 (0.80%) lower.
Real Median Household Income: Richmond, Virginia, National
Historical Inflation Adjusted Median Household Income for Richmond
| Date | US | Virginia | Richmond |
|---|---|---|---|
| 2021 | $69,717 | $80,963 | $74,151 |
| 2020 | $70,877 | $82,385 | $74,564 |
| 2019 | $69,638 | $81,024 | $72,406 |
| 2018 | $66,828 | $78,308 | $73,049 |
| 2017 | $66,687 | $79,065 | $74,752 |
| 2016 | $65,052 | $76,903 | $71,049 |
| 2015 | $63,784 | $75,776 | $69,431 |
| 2014 | $61,468 | $74,350 | $69,807 |
| 2013 | $60,869 | $73,004 | $66,736 |
| 2012 | $60,732 | $72,991 | $67,113 |
| 2011 | $60,969 | $74,707 | $66,155 |
| 2009 | $63,573 | $75,104 | $70,394 |
| 2007 | $66,465 | $78,021 | $74,323 |
| 2005 | $64,310 | $75,433 | $73,047 |
Richmond Family Income
The ACS 1-year data shows the median family income for Richmond was $97,301 in 2021. Compared to the median Virginia family income, Richmond median family income is $3,462 lower. As with the median household income data, 2022 family income data for Richmond will be released in September of 2023.
Real Median Family Income for Richmond Virginia
| 2021 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $85,806 | -1.68% | +4.09% |
| Virginia | $100,763 | -0.89% | +5.02% |
| Richmond | $97,301 | -1.22% | +4.70% |
Trends in Richmond, VA Real Median Family Income since 2005
The current median family income for Richmond is $97,301. Real median family income peaked in 2020 at $98,506 and is now $1,205 (1.22%) lower.
Real Median Family Income: Richmond, Virginia, National
Historical Inflation Adjusted Median Family Income for Richmond
| Date | US | Virginia | Richmond |
|---|---|---|---|
| 2021 | $85,806 | $100,763 | $97,301 |
| 2020 | $87,269 | $101,666 | $98,506 |
| 2019 | $85,780 | $99,083 | $96,354 |
| 2018 | $82,434 | $95,951 | $92,932 |
| 2017 | $81,669 | $95,361 | $93,060 |
| 2016 | $80,231 | $94,055 | $91,767 |
| 2015 | $78,061 | $91,948 | $90,314 |
| 2014 | $75,505 | $89,687 | $87,393 |
| 2013 | $74,593 | $87,983 | $82,130 |
| 2012 | $73,920 | $88,057 | $83,363 |
| 2011 | $74,192 | $89,941 | $84,584 |
| 2009 | $77,322 | $90,218 | $86,657 |
| 2007 | $80,131 | $92,865 | $90,624 |
| 2005 | $77,647 | $90,639 | $90,130 |
Richmond Per Capita Income
The ACS 1-year survey shows the per capita income for Richmond was $40,687 in 2021. Compared to the median Virginia per capita income, Richmond median per capita income is $3,069 lower. As with the median household and median family income numbers above, 2022 per capita income data for Richmond will be released in September of 2023.
Real Per Capita Income for Richmond Virginia
| 2021 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | $38,332 | -1.03% | +5.01% |
| Virginia | $43,756 | -0.93% | +4.25% |
| Richmond | $40,687 | -0.68% | +6.39% |
Trends in Richmond, VA Real Per Capita Income since 2005
The current per capita income for Richmond is $40,687. Real per capita income peaked in 2020 at $40,966 and is now $279 (0.68%) lower.
Real Per Capita Income: Richmond, Virginia, National
Historical Real Per Capita Income for Richmond
| Date | US | Virginia | Richmond |
|---|---|---|---|
| 2021 | $38,332 | $43,756 | $40,687 |
| 2020 | $38,730 | $44,166 | $40,966 |
| 2019 | $37,803 | $43,063 | $39,836 |
| 2018 | $36,503 | $41,972 | $38,242 |
| 2017 | $35,807 | $41,383 | $38,375 |
| 2016 | $35,145 | $40,878 | $38,669 |
| 2015 | $34,284 | $39,774 | $37,079 |
| 2014 | $33,094 | $39,009 | $36,362 |
| 2013 | $32,833 | $38,613 | $34,398 |
| 2012 | $32,297 | $38,442 | $34,217 |
| 2011 | $32,243 | $38,781 | $34,225 |
| 2009 | $33,430 | $39,470 | $36,024 |
| 2007 | $34,959 | $40,839 | $37,842 |
| 2005 | $34,817 | $40,537 | $38,310 |
