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Petersburg, Virginia

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
33,537
Population
$50,698
Median Income
$189,000
Home Value
35.8
Median Age

Demographics

Petersburg has a population of 33,537 with a median age of 35.8. Here is the racial and ethnic breakdown of the population:

Black
76.5%
White
15.2%
Hispanic
6.5%
Asian
1.3%
Demographic Value
Total Population33,537
Median Age35.8
White15.2%
Black or African American76.5%
Asian1.3%
Hispanic or Latino6.5%
Petersburg, Virginia — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.Black: 76.9%White: 15.3%Hispanic/Latino: 6.5%Other: 1.3%33,537PopulationBlackBlack76.9%WhiteWhite15.3%Hispanic/LatinoHispanic/Latino6.5%OtherOther1.3%

Income & Economy

The median household income in Petersburg is $50,698, which is 37.1% below the national median of $80,610. The per capita income is $29,418. The poverty rate is 21.7%.

$50,698
Median Household Income
$29,418
Per Capita Income
21.7%
Poverty Rate

Employment

The unemployment rate in Petersburg is 4.8%, compared to the national rate of 4.1%.

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Education

In Petersburg, 86.7% of residents age 25+ have a high school diploma or higher, and 25.4% hold a bachelor's degree or higher (10.2% with a graduate or professional degree).

HS Diploma+
86.7%
Bachelor's+
25.4%
Graduate+
10.2%
Education Level % of Adults (25+)
High School Diploma or Higher86.7%
Bachelor's Degree or Higher25.4%
Graduate or Professional Degree10.2%

Housing

The median home value in Petersburg is $189,000, below the national median of $303,400. The median monthly rent is $1,174. The homeownership rate is 38.6%.

$189,000
Median Home Value
$1,174/mo
Median Rent
38.6%
Homeownership Rate
Housing Metric Value
Median Home Value$189,000
Median Monthly Rent$1,174
Homeownership Rate38.6%
Vacancy Rate16.2%

Salaries in Virginia

Explore salary data for popular occupations in Virginia:

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Other Cities in Virginia

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Frequently Asked Questions

What is the population of Petersburg, Virginia?
The population of Petersburg, Virginia is 33,537 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Petersburg, Virginia?
The median household income in Petersburg, Virginia is $50,698. This is 37.1% below the national median of $80,610.
What is the median home value in Petersburg, Virginia?
The median home value in Petersburg, Virginia is $189,000. The median monthly rent is $1,174.
What percentage of people in Petersburg have a college degree?
In Petersburg, Virginia, 25.4% of adults age 25 and older hold a bachelor's degree or higher, and 86.7% have a high school diploma or higher.
Is Petersburg, Virginia an affordable place to live?
The home price-to-income ratio in Petersburg, Virginia is 3.7x (median home value $189,000 vs. median income $50,698), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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